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Archive
- 9/4/2026 -
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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 -1.06 points, or -2.51%, and closed at 41.22 on Friday, September 4, 2026. Weekly volume was -59% below average.
MGM is a member of Casinos & Gaming Industry. Casinos & Gaming is the fourth most oversold industry. 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 (18.46) 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 October 30, 2025 at 29.19 and reached 51.59 on June 1, 2026. MGM gained -22.40 points, or -76.74%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (39.45) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See MGM weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Lane's Stochastic. 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 August 7, 2026. 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 June 15, 2026 at 49.81 and reached 40.61 on September 1, 2026. MGM lost 9.20 points, or 18.47%, in 78 days. The price is now at the 6.63% retracement level.
 Daily Technical Indicators: [See MGM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since August 26, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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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 |
3 |
| Industry |
Casinos & Gaming |
4 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
49.81 |
| High Date |
06/15/2026 |
| Low |
40.61 |
| Low Date |
09/01/2026 |
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| Weekly 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 |
51.59 |
| High Date |
06/01/2026 |
| Low |
40.61 |
| Low Date |
09/01/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
59.40 |
| Support |
39.45 |
| 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 |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| 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 |
35.20 |
| Support |
18.46 |
| High |
51.35 |
| High Date |
07/31/2023 |
| Low |
25.30 |
| Low Date |
04/08/2025 |
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