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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 2024-02-27 View latest technical analysis

10 day averaged volume of Mgm Resorts is 5759800

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	42.00	42.17	42.32	41.64	0.557 times
26 Mon Feb 2024	41.75	42.49	42.86	41.62	0.587 times
23 Fri Feb 2024	42.58	42.35	43.20	42.34	0.596 times
22 Thu Feb 2024	42.43	42.88	42.97	42.36	0.569 times
21 Wed Feb 2024	42.30	42.20	42.65	41.95	0.639 times
20 Tue Feb 2024	42.36	42.32	42.61	41.74	0.75 times
16 Fri Feb 2024	42.54	42.61	42.91	41.98	1.069 times
15 Thu Feb 2024	43.10	42.93	43.45	42.51	0.998 times
14 Wed Feb 2024	42.80	44.10	44.45	41.68	2.915 times
13 Tue Feb 2024	45.66	45.61	45.96	45.04	1.196 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.3, but if it comes above 42.3, then a intra day buy could be more profitable.
If you take a sell trade below 42.3, then use 42.3 as stoploss and 40.4 as target. However if you take a buy trade in stock , then use 42.3 as stoploss and 43.91 as target.

Share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Target	34.12
Downside Target	38.25
Downside Target	39.09
Downside Target	41.27
Upside Target	42.86
Upside Target	43.93
Upside Target	45.23
Upside Target	45.58
Upside Target	45.91
Upside Target	46.86
Upside Target	47.53

Intraday share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Intraday Target	41.46
Downside Intraday Target	40.92
Upside Intraday Target	42.7
Upside Intraday Target	43.4
Upside Intraday Target	42.16

Weekly technical analysis of Mgm Resorts (MGM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	42.00	42.49	42.86	41.62	0.448 times
23 Fri Feb 2024	42.58	42.32	43.20	41.74	0.373 times
16 Fri Feb 2024	42.54	46.96	47.53	41.68	1.912 times
09 Fri Feb 2024	46.74	44.47	46.86	43.93	1.06 times
02 Fri Feb 2024	44.88	43.62	45.23	43.16	1.024 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
27 Tue Feb 2024	42.00	43.98	47.53	41.62	0.986 times
31 Wed Jan 2024	43.37	44.29	45.91	41.27	0.966 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mgm Resorts ( (MGM) ) based on a short 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mgm Resorts stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Mgm Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Mgm Resorts in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.94 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 negative.

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