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Casinos & Gaming Industry Stocks Technical Analysis - MGMArchive
- 7/18/2025 -
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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 -0.74 points, or -1.95%, and closed at 37.19 on Friday, July 18, 2025. It was the worst weekly loss since May 23, 2025. Weekly volume was -21% 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 24.35 and resistance is at 41.02. 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 chart has formed a Rising Wedge chart pattern. The trend support level is at 36.67 and resistance is at 39.45. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MGM weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.
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 trend support level is at 34.93 and resistance is at 37.48. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 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. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (36.98) comes close to the price (37.19). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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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 |
107 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
38.87 |
| High Date |
07/10/2025 |
| Low |
36.96 |
| Low Date |
07/16/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
37.48 |
| Support |
34.93 |
| 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 |
Rising Wedge |
| Status |
Valid |
| Resistance |
39.45 |
| Support |
36.67 |
| 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 |
41.02 |
| Support |
24.35 |
| High |
51.35 |
| High Date |
07/31/2023 |
| Low |
25.30 |
| Low Date |
04/08/2025 |
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