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(MGM) Mgm Resorts complete technical analysis [charts+indicators] | Buy/Sell Mgm Resorts | (MGM) share price targets

Complete technical analysis of Mgm Resorts (MGM) by charts plus indicators, forecast predictions and share price targets for Mgm Resorts (MGM)

Mgm Resorts trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-01-22 View latest technical analysis

10 day averaged volume of Mgm Resorts is 4794890

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	42.56	43.21	43.54	42.45	0.885 times
19 Fri Jan 2024	43.00	43.05	43.26	42.26	1.14 times
18 Thu Jan 2024	42.86	42.15	42.90	41.86	0.948 times
17 Wed Jan 2024	41.63	41.61	41.94	41.27	1.089 times
16 Tue Jan 2024	42.27	42.00	42.50	41.74	1.157 times
12 Fri Jan 2024	42.37	43.25	43.62	42.30	0.919 times
12 Fri Jan 2024	42.37	43.25	43.62	42.30	0.919 times
11 Thu Jan 2024	43.41	43.37	43.75	42.48	0.889 times
10 Wed Jan 2024	43.49	44.46	44.84	43.38	1.166 times
09 Tue Jan 2024	44.61	45.18	45.33	44.26	1.022 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.7, but if it comes above 42.7, then a intra day buy could be more profitable.
If you take a sell trade below 42.7, then use 42.7 as stoploss and 41.2 as target. However if you take a buy trade in stock , then use 42.7 as stoploss and 43.86 as target.

Share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Target	34.12
Downside Target	36.05
Downside Target	38.25
Downside Target	39.09
Downside Target	41.27
Downside Target	42.30
Upside Target	43.54
Upside Target	43.62
Upside Target	44.79
Upside Target	45.58
Upside Target	45.91

Intraday share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Intraday Target	42.16
Downside Intraday Target	41.76
Upside Intraday Target	43.25
Upside Intraday Target	43.94
Upside Intraday Target	42.85

Weekly technical analysis of Mgm Resorts (MGM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	42.56	43.21	43.54	42.45	0.204 times
19 Fri Jan 2024	43.00	42.00	43.26	41.27	4.718 times
12 Fri Jan 2024	42.37	43.25	43.62	42.30	0.193 times
12 Fri Jan 2024	42.37	44.74	45.91	42.30	1.526 times
05 Fri Jan 2024	44.83	44.29	45.91	43.49	5.663 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mgm Resorts (MGM)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	42.56	44.29	45.91	41.27	0.704 times
29 Fri Dec 2023	44.68	39.32	45.58	39.09	0.949 times
30 Thu Nov 2023	39.44	35.05	41.31	34.39	0.958 times
31 Tue Oct 2023	34.92	36.73	38.25	34.12	0.935 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mgm Resorts (MGM)

Price action analysis of Mgm Resorts ( (MGM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mgm Resorts ( (MGM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mgm Resorts ( (MGM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mgm Resorts ( (MGM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mgm Resorts stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mgm Resorts in short term but the sell signal is initial and weak.

Mgm Resorts Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Mgm Resorts in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mgm Resorts is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.86 and Mgm Resorts (MGM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mgm Resorts (MGM) stock. Volume based technical analysis of Mgm Resorts (MGM) stock is negative.

Mgm Resorts Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.