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Archive
- 6/6/2025 -
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MGM Resorts International (MGM) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the MGM Resorts International (MGM). During the week, the MGM climbed 0.21 points, or 0.66%, and closed at 31.86 on Friday, June 6, 2025. Weekly volume was -12% 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 22.75 and resistance is at 38.35. 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. The price is now at the 33.13% retracement 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 28.26% retracement level.
Daily Technical Indicators: [See MGM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 20, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
The price is close to 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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