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Downtrend Broken Resist.Archive
- 4/25/2025 -
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MGM Resorts International (MGM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the MGM Resorts International (MGM). During the week, the MGM gained 2.77 points, or 9.58%, and closed at 31.67 on Friday, April 25, 2025. It was the best weekly gain since February 14, 2025. Weekly volume was 19% 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 25.30 on April 8, 2025. MGM lost 26.05 points, or 50.73%, in 88 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 25.30 on April 8, 2025. MGM lost 16.02 points, or 38.77%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (22.17) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MGM may retest the broken resistance line. It is considered to be a support line now. 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic 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. 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 April 8, 2025 at 25.30 and reached 32.33 on April 23, 2025. MGM gained -7.03 points, or -27.79%, in 15 days. The price is now at the 9.39% retracement level.
 Daily Technical Indicators: [See MGM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has moved above 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.
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