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Casinos & Gaming Industry Stocks Technical Analysis - MGMArchive
- 6/18/2026 -
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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 -2.13 points, or -4.35%, and closed at 46.84 on Thursday, June 18, 2026. It was the worst weekly loss since February 13, 2026. Weekly volume was -10% below average.
MGM is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought 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 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 downtrend resistance line (19.60) is broken. A broken support is considered to be a long-term bullish signal. 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 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 51.59 on June 1, 2026. MGM gained -26.29 points, or -103.91%, in 59 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (34.90) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See MGM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 30, 2026. 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 20, 2026 at 35.32 and reached 51.59 on June 1, 2026. MGM gained -16.27 points, or -46.06%, in 12 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See MGM daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The distance between the Bollinger Bands is 122.13% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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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 |
8 |
| Industry |
Casinos & Gaming |
44 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Low |
35.32 |
| Low Date |
05/20/2026 |
| High |
51.59 |
| High Date |
06/01/2026 |
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| Weekly Trend |
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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 |
32.14 |
| Low Date |
01/29/2026 |
| High |
51.59 |
| High Date |
06/01/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
42.07 |
| Support |
34.99 |
| Low |
29.19 |
| Low Date |
10/30/2025 |
| High |
51.59 |
| High Date |
06/01/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
34.78 |
| Support |
34.90 |
| Low |
25.30 |
| Low Date |
04/08/2025 |
| High |
51.59 |
| High Date |
06/01/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
36.34 |
| Support |
19.60 |
| High |
51.35 |
| High Date |
07/31/2023 |
| Low |
25.30 |
| Low Date |
04/08/2025 |
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