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Casinos & Gaming Industry Stocks Technical Analysis - MGMArchive
- 7/11/2025 -
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MGM Resorts International (MGM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the MGM Resorts International (MGM). During the week, the MGM climbed 0.34 points, or 0.90%, and closed at 37.93 on Friday, July 11, 2025. Weekly volume was -18% below average.
 Long-term trend: [See MGM long-term trend chart]
A long-term downtrend had started on July 31, 2023 at 51.35 and reached 25.30 on April 8, 2025. MGM lost 26.05 points, or 50.73%, in 88 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 24.46 and resistance is at 41.13. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See MGM medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 25.30 and reached 38.87 on July 10, 2025. MGM gained -13.57 points, or -53.64%, in 13 weeks. The price is now at the 6.93% retracement level.
 Weekly Technical Indicators: [See MGM weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 2, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See MGM short-term trend chart]
A short-term uptrend had started on May 23, 2025 at 30.58 and reached 38.87 on July 10, 2025. MGM gained -8.29 points, or -27.11%, in 48 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (34.21) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See MGM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since June 9, 2025. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
7 |
| Industry |
Casinos & Gaming |
110 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
32.30 |
| Low Date |
06/23/2025 |
| High |
38.87 |
| High Date |
07/10/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
36.81 |
| Support |
34.21 |
| Low |
30.58 |
| Low Date |
05/23/2025 |
| High |
38.87 |
| High Date |
07/10/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.30 |
| Low Date |
04/08/2025 |
| High |
38.87 |
| High Date |
07/10/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
48.25 |
| High Date |
04/01/2024 |
| Low |
25.30 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
41.13 |
| Support |
24.46 |
| High |
51.35 |
| High Date |
07/31/2023 |
| Low |
25.30 |
| Low Date |
04/08/2025 |
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