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Archive
- 5/23/2025 -
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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 -2.62 points, or -7.71%, and closed at 31.35 on Friday, May 23, 2025. Weekly volume was -10% below average.
 Long-term trend: [See MGM long-term trend chart]
A long-term downtrend had started on April 1, 2024 at 48.25 and reached 25.30 on April 8, 2025. MGM lost 22.95 points, or 47.56%, in 53 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 23.26 and resistance is at 38.64. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 35.11 on May 13, 2025. MGM gained -9.81 points, or -38.77%, in 5 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See MGM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 2, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See MGM short-term trend chart]
A short-term downtrend had started on May 13, 2025 at 35.11 and reached 30.58 on May 23, 2025. MGM lost 4.53 points, or 12.90%, in 10 days. The price is now at the 17.00% retracement level.
 Daily Technical Indicators: [See MGM daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 and Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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