Trading Signals: MGM Stock Price Prediction and Forecast

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Wed. Jun. 29, 2005

Trading Signals: MGM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Dec. 22, 2023)

(MGM Resorts International)
MGM latest price $39.8100 (-0.05%) ($39.4500 - $40.4100) on Wed. Jun. 29, 2005.

Trend Analysis and Forecast

Average Daily Percentage Swing   2% (three month average)
RSI   37
Latest Price   $39.8100(-0.05%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM declines -0.8% a day on average for past five trading days.
Weekly Trend   MGM declines -2.9% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MGM advance at 0% a week (0% probability)
XLY(18%)    IWM(17%)    SPY(17%)    VWO(17%)    EEM(16%)
Factors Impacting MGM price   MGM will decline at least -1% in a week (0% probabilities).
TLT(-6%)    TIP(-6%)    SHY(-6%)    GLD(-2%)    REMX(-1%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1% (StdDev 2%)
Hourly BBV 0 ()
Intraday Trend -1.5%

Resistance Level   $40.55
5 Day Moving Average   $39.58(0.58%)
10 Day Moving Average   $40.51(-1.73%)
20 Day Moving Average   $40.55(-1.82%)
To recent high   -6.4%
To recent low   19.4%
Market Cap   $19.638b

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.

$. MGM price fluctuates within 3.28% (three month std-dev: 2%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20050729

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_29_2005	37.2	40.55	40.51	39.58			39.81(-0.05%)	DT	OpenShort	-75	0.2	-28	-10000	-8	-89	1.53	61%	0	41.2	2%	0	-0.6	37	0
2	Jun_28_2005	37.2	40.48	40.76	39.91			39.83(2.58%)	DP	OpenShort	-75	-0.1	-21	-10000	-8	-59	1.69	61%	0	52.7	2.05%	0	-0.5	55	0
3	Jun_27_2005	37.2	40.41	41.02	40.24			38.83(-1.07%)	DT	OpenShort	-75	-1	-15	-10000	-12	-24	3.18	59%	0	64.9	2.03%	0	-1.1	56	0
4	Jun_24_2005	37.2	40.32	41.31	40.72			39.25(-2.27%)	N/A	N/A	0	-0.9	-7	-10000	-12	10	1.95	59%	0.05	66.5	2.04%	0	-0.6	55	0
5	Jun_23_2005	37.18	40.21	41.53	41.24			40.16(-3.23%)	UD	OpenLong	65	-0.6	5	-10000	-8	43	1.57	58%	0.05	67.9	2.02%	0	-0	55	0

6	Jun_22_2005	37.16	40.01	41.71	41.57			41.5(0.12%)	UD	OpenLong	65	-0	17	-10000	-4	80	1.53	61%	0.13	65.6	2.04%	0	0.7	67	0
7	Jun_21_2005	37.11	39.75	41.54	41.73			41.45(0.46%)	UD	OpenLong	65	-0.1	21	-10000	-5	98	1.49	61%	0.13	66.7	2.04%	0	0.8	69	0
8	Jun_20_2005	37.06	39.49	41.29	41.95			41.26(-1.32%)	UD	OpenLong	65	-0.3	28	-10000	-1	116	0.98	61%	0.14	71.2	2.04%	0	0.8	69	0
9	Jun_17_2005	37.01	39.26	41.1	41.99			41.81(-0.02%)	UD	OpenLong	75	-0.1	38	-10000	3	141	2.52	61%	0.19	77.7	2.03%	0	1.1	78	0
10	Jun_16_2005	36.94	38.99	40.89	41.86			41.82(-1.13%)	UD	OpenLong	75	-0	41	-10000	-0	163	2.61	59%	0.16	84.8	2.03%	0	1.2	78	0

11	Jun_15_2005	36.88	38.69	40.59	41.87			42.3(-0.56%)	UD	OpenLong	75	0.2	58	-10000	13	194	2.32	61%	0.22	89.5	2.05%	0	1.6	83	0
12	Jun_14_2005	36.8	38.33	40.18	41.32			42.54(2.6%)	UT	HoldLong	65	0.5	60	-10000	18	187	1.92	61%	0.19	87.6	2.11%	0	1.9	80	0
13	Jun_13_2005	36.73	37.93	39.72	40.54			41.46(0.68%)	UT	HoldLong	65	0.4	51	-10000	11	170	1.58	60%	0.16	81.4	2.1%	0	1.7	77	0
14	Jun_10_2005	36.67	37.53	39.24	40.07			41.18(-1.6%)	UD	OpenLong	75	0.5	44	-10000	7	153	2.59	60%	0.14	69.1	2.1%	0	1.7	75	0
15	Jun_9_2005	36.62	37.14	38.76	39.78			41.85(5.76%)	UT	HoldLong	65	1	48	-10000	15	147	3.43	60%	0.11	62	2.1%	0	2.2	77	0

16	Jun_8_2005	36.58	36.75	38.13	39.15			39.57(2.35%)	UT	OpenLong	75	0.2	37	-10000	7	127	2.27	53%	0.03	57.4	1.99%	0	1.5	75	0
17	Jun_7_2005	36.57	36.48	37.79	38.87			38.66(-1.05%)	UD	OpenLong	75	-0.1	32	-10000	3	120	3.02	52%	0.08	56.3	2.02%	0	1.2	74	0
18	Jun_6_2005	36.54	36.3	37.55	38.75			39.07(-1.71%)	UD	OpenLong	75	0.2	43	-10000	13	134	2.46	52%	0.05	56.8	2.02%	0	1.6	80	0
19	Jun_3_2005	36.52	36.11	37.27	38.24			39.75(2.69%)	UT	HoldLong	65	0.9	48	-10000	18	139	3.84	52%	0.08	54.8	2.01%	0	2.2	89	0
20	Jun_2_2005	36.49	35.87	36.93	37.57			38.71(1.47%)	UT	HoldLong	65	0.8	46	-10000	16	136	1.29	50%	0.03	53.7	1.99%	0	2	87	0

21	Jun_1_2005	36.48	35.7	36.62	36.97			38.15(0.16%)	UT	OpenLong	75	1	39	-10000	12	121	2.95	50%	0.03	50.1	1.98%	0	2	75	0
22	May_31_2005	36.47	35.49	36.33	36.55			38.09(4.36%)	UT	OpenLong	75	1.4	35	-10000	10	108	3.12	50%	0	39.6	2.03%	0	2.3	74	0
23	May_27_2005	36.47	35.32	35.99	36.18			36.5(0.3%)	UT	OpenLong	75	0.3	23	-10000	0	92	2.18	46%	-0.05	38.3	1.91%	0	1.2	60	0
24	May_26_2005	36.49	35.23	35.7	36.17			36.39(1.93%)	UT	HoldLong	50	0.2	18	-10000	-1	74	2.01	46%	0	47.1	1.93%	0	1.3	54	0
25	May_25_2005	36.49	35.13	35.41	36.21			35.7(-1.03%)	UD	OpenLong	75	-0.6	16	-10000	0	63	1.24	44%		51.6	1.93%	0	0.6	52	0
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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