Trading Signals: MGM Stock Price Prediction and Forecast

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Fri. Oct. 26, 2007

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

(MGM Resorts International)
MGM latest price $92.6700 (1.05%) ($91.6600 - $93.4300) on Fri. Oct. 26, 2007.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.12% (three month average)
RSI   28
Latest Price   $92.6700(1.05%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM advances 0.2% a day on average for past five trading days.
Weekly Trend   MGM declines -3.1% 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)
PEJ(17%)    XLY(17%)    IWM(16%)    SPY(16%)    EEM(15%)
Factors Impacting MGM price   MGM will decline at least -1.06% in a week (0% probabilities).
TLT(-6%)    TIP(-6%)    SHY(-6%)    GLD(-2%)    PCY(3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.06% (StdDev 2.12%)
Hourly BBV 0 ()
Intraday Trend 0.8%

Resistance Level   $94.26
5 Day Moving Average   $92.09(0.63%)
10 Day Moving Average   $93.02(-0.38%)
20 Day Moving Average   $94.26(-1.69%)
To recent high   -7.1%
To recent low   35.1%
Market Cap   $45.712b

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 2.82% (three month std-dev: 2.12%) 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

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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	Oct_26_2007	83.97	94.26	93.02	92.09			92.67(1.05%)	DP	OpenShort	-65	0.2	-21	-10000	1	-86	0.57	72%	0.13	27.7	2.12%	0	-0.6	28	0
2	Oct_25_2007	83.86	94.13	93.36	91.95			91.71(-0.02%)	DT	OpenShort	-75	-0.1	-25	-10000	-6	-80	0.75	72%	0.12	31.4	2.23%	0	-0.9	50	0
3	Oct_24_2007	83.76	94.08	93.92	92.55			91.73(-0.76%)	DT	OpenShort	-75	-0.3	-19	-10000	-6	-59	1.23	72%	0.1	44.1	2.27%	0	-0.8	52	0
4	Oct_23_2007	83.68	94.04	94.61	93.19			92.43(0.55%)	DP	OpenShort	-75	-0.2	-11	-10000	-4	-32	0.62	72%	0.16	52.9	2.3%	0	-0.5	56	0
5	Oct_22_2007	83.55	93.81	95.32	93.6			91.92(-0.03%)	DT	OpenShort	-75	-0.5	-7	-10000	-4	-14	1.22	72%	0.16	51.5	2.3%	0	-0.5	45	0

6	Oct_19_2007	83.42	93.53	95.97	94.07			91.95(-2.9%)	CR	SmallShort	-20	-0.5	-5	-10000	-8	5	1.21	72%	0.14	53.3	2.32%	0	-0.4	51	0
7	Oct_18_2007	83.3	93.27	96.15	94.96			94.7(-0.26%)	UD	OpenLong	65	-0.1	4	-10000	-5	29	0.85	78%	0.19	58.9	2.29%	0	0.3	64	0
8	Oct_17_2007	83.14	92.84	95.97	95.52			94.95(0.48%)	UD	OpenLong	65	-0.1	6	-10000	-7	44	0.89	78%	0.18	61.8	2.31%	0	0.5	63	0
9	Oct_16_2007	82.99	92.38	95.7	96.28			94.5(0.28%)	UD	OpenLong	65	-0.4	8	-10000	-9	60	1.06	78%	0.14	66.4	2.31%	0	0.4	61	0
10	Oct_15_2007	82.87	91.96	95.76	97.33			94.24(-2.24%)	UD	OpenLong	65	-0.6	20	-10000	-7	100	1.08	78%	0.22	71.7	2.31%	0	0.5	67	0

11	Oct_12_2007	82.69	91.45	95.67	98.14			96.4(-1.13%)	UD	OpenLong	75	-0.3	40	-10000	6	143	1.1	78%	0.24	74.8	2.29%	0	0.9	74	0
12	Oct_11_2007	82.49	90.8	95.03	97.45			97.5(-1.27%)	UD	OpenLong	75	0	44	-10000	9	147	1.65	78%	0.23	71.1	2.29%	0	1.3	75	0
13	Oct_10_2007	82.3	90.1	94.28	96.42			98.75(-1%)	UD	OpenLong	75	0.4	47	-10000	13	148	1.51	78%	0.24	66.8	2.29%	0	1.7	78	0
14	Oct_9_2007	82.1	89.33	93.42	95.01			99.75(1.49%)	UT	HoldLong	65	1	42	-10000	9	139	1.44	78%	0.45	64.1	2.31%	0	2.1	81	0
15	Oct_8_2007	81.73	88.51	92.11	94.04			98.29(5.71%)	UT	HoldLong	65	1	40	-10000	10	131	1.61	78%	0.44	65.3	2.31%	0	2.2	78	0

16	Oct_5_2007	81.37	87.69	90.8	92.96			92.98(0.68%)	UT	HoldLong	65	0	37	-10000	7	126	0.88	78%	0.37	65.2	2.21%	0	1.4	76	0
17	Oct_4_2007	81.07	87.18	90.1	92.25			92.35(0.71%)	UT	HoldLong	65	0	33	-10000	5	118	0.86	78%	0.38	62.9	2.31%	0	1.4	76	0
18	Oct_3_2007	80.76	86.75	89.42	91.76			91.7(-3.37%)	UD	OpenLong	75	-0	32	-10000	3	117	1.66	78%	0.39	63.6	2.33%	0	1.4	74	0
19	Oct_2_2007	80.45	86.31	88.78	91.49			94.9(2.21%)	UT	HoldLong	65	1	44	-10000	16	126	1.59	85%	0.41	66.3	2.29%	0	2.5	83	0
20	Oct_1_2007	80.12	85.73	87.82	89.85			92.85(3.81%)	UT	HoldLong	65	1.1	38	-10000	15	106	2.02	85%	0.39	65.7	2.27%	0	2.5	81	0

21	Sep_28_2007	79.81	85.25	86.86	88.35			89.44(-0.53%)	UD	OpenLong	75	0.5	26	-10000	7	83	1.26	83%	0.34	63.9	2.23%	0	1.8	79	0
22	Sep_27_2007	79.54	84.92	86.24	87.62			89.92(-0.45%)	UD	OpenLong	75	1.1	25	-10000	9	74	1.75	83%	0.33	61.2	2.23%	0	2.4	79	0
23	Sep_26_2007	79.28	84.55	85.58	86.72			90.33(4.16%)	UT	OpenLong	75	2.1	23	-10000	11	58	2.39	83%	0.33	63.8	2.23%	0	3.3	72	0
24	Sep_25_2007	79.02	84.13	84.9	85.69			86.72(1.59%)	UT	OpenLong	75	0.9	12	-10000	2	41	2.8	81%	0.3	101.4	2.18%	0	2.2	67	0
25	Sep_24_2007	78.78	83.92	84.6	85.5			85.36(-0.47%)	UD	OpenLong	75	-0.1	13	-10000	4	39	1.33	81%		157.6	2.18%	0	1.4	57	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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