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Casinos & Gaming Industry Stocks Technical Analysis - MGMArchive
- 3/21/2025 -
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MGM Resorts International (MGM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the MGM Resorts International (MGM). During the week, the MGM dropped -0.34 points, or -1.07%, and closed at 31.42 on Friday, March 21, 2025. Weekly volume was 54% above average.
MGM is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See MGM long-term trend chart]
A long-term downtrend had started on July 31, 2023 at 51.35 and reached 29.99 on March 13, 2025. MGM lost 21.36 points, or 41.60%, in 84 weeks. The price is now at the 6.69% retracement level.
Medium-term trend: [See MGM medium-term trend chart]
A medium-term downtrend had started on February 14, 2025 at 41.32 and reached 29.99 on March 13, 2025. MGM lost 11.33 points, or 27.42%, in 3 weeks. The price is now at the 12.62% retracement level.
 Weekly Technical Indicators: [See MGM weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 13, 2025 at 29.99 and reached 33.27 on March 20, 2025. MGM gained -3.28 points, or -10.94%, in 7 days. The price is now at the 56.40% retracement level.
 Daily Technical Indicators: [See MGM daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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