Trading Signals: MGM Stock Price Prediction and Forecast

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Tue. Feb. 5, 2008

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

(MGM Resorts International)
MGM latest price $70.4200 (-2.48%) ($69.9000 - $72.2500) on Tue. Feb. 5, 2008.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.47% (three month average)
RSI   60
Latest Price   $70.4200(-2.48%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM declines -0.8% a day on average for past five trading days.
Weekly Trend   MGM advances 2.3% 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(16%)    IWM(15%)    SPY(15%)    VWO(15%)
Factors Impacting MGM price   MGM will decline at least -1.235% in a week (0% probabilities).
TIP(-6%)    TLT(-5%)    SHY(-5%)    GLD(-2%)    PCY(3%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.235% (StdDev 2.47%)
Hourly BBV 0 ()
Intraday Trend -1.3%

Resistance Level   $71.21
5 Day Moving Average   $72.05(-2.26%)
10 Day Moving Average   $72.05(-2.26%)
20 Day Moving Average   $71.21(-1.11%)
To recent high   -24%
To recent low   5.9%
Market Cap   $34.737b

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 2.95% (three month std-dev: 2.47%) 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	Feb_5_2008	85.1	71.21	72.05	72.05			70.42(-2.48%)	UD	OpenLong	65	-0.8	9	-10000	-6	54	4.88	41%	-0.15	-57.6	2.47%	0	-0.4	60	0
2	Feb_4_2008	85.23	71.29	72.03	72.61			72.21(-2.22%)	UD	OpenLong	75	-0.2	18	-10000	0	70	1.48	42%	-0.14	-78	2.47%	0	0.4	55	0
3	Feb_1_2008	85.35	71.31	71.65	72.59			73.85(1.55%)	UT	OpenLong	75	0.6	20	-10000	7	58	1.92	42%	-0.11	-101.3	2.48%	0	1.2	51	0
4	Jan_31_2008	85.44	71.47	71.05	71.98			72.72(2.36%)	UT	HoldLong	50	0.3	6	-10000	-1	25	1.94	42%	-0.14	-104.8	2.48%	0	0.5	47	0
5	Jan_30_2008	85.56	71.85	70.82	72.04			71.04(-3.02%)	UD	OpenLong	75	-0.3	4	-10000	0	17	2.18	42%	-0.15	-82	2.46%	0	-0.2	45	0

6	Jan_29_2008	85.69	72.44	70.4	72.03			73.25(1.62%)	UT	OpenLong	75	0.4	8	-10000	8	9	2.24	44%	-0.12	-79.9	2.44%	0	0.2	56	0
7	Jan_28_2008	85.79	72.96	70.01	71.36			72.08(1.81%)	N/A	N/A	0	0.2	4	-10000	9	-11	2.07	44%	-0.13	-66.1	2.43%	0	-0.2	50	0
8	Jan_25_2008	85.9	73.52	70.04	70.55			70.8(-3.08%)	DP	OpenShort	-65	0	-2	-10000	7	-28	4.22	44%	-0.16	-60.3	2.42%	0	-0.5	47	0
9	Jan_24_2008	86.04	74.22	70.33	69.95			73.05(2.9%)	DP	OpenShort	-65	0.5	-9	-10000	6	-53	3.86	45%	-0.12	-55.7	2.39%	0	-0.2	42	0
10	Jan_23_2008	86.14	74.71	70.34	69.45			70.99(1.56%)	DP	OpenShort	-65	0.2	-14	-10000	11	-87	3.37	43%	-0.16	-53.2	2.36%	0	-0.6	34	0

11	Jan_22_2008	86.28	75.29	70.23	68.55			69.9(2.81%)	DP	OpenShort	-65	0.2	-37	-10000	1	-152	3.7	43%	-0.16	-59.3	2.35%	0	-0.8	30	0
12	Jan_18_2008	86.42	75.96	70.43	68.5			67.99(0.27%)	DP	OpenShort	-75	-0.1	-59	-10000	-12	-201	3.86	40%	-0.18	-62	2.31%	0	-1.2	26	0
13	Jan_17_2008	86.58	76.78	70.94	69.49			67.81(-3.91%)	DT	OpenShort	-75	-0.3	-66	-10000	-15	-219	4.02	40%	-0.17	-63.2	2.31%	0	-1.4	27	0
14	Jan_16_2008	86.73	77.52	71.92	70.76			70.57(6.17%)	DP	OpenShort	-75	-0	-61	-10000	-8	-221	8.03	42%	-0.14	-65.4	2.27%	0	-1.1	28	0
15	Jan_15_2008	86.85	78.18	72.95	71.4			66.47(-4.55%)	DT	HoldShort	-65	-0.8	-65	-10000	-9	-233	4.34	37%	-0.2	-71	2.12%	0	-1.9	24	0

16	Jan_14_2008	87.02	79.25	74.68	72.1			69.64(-4.52%)	DT	OpenShort	-75	-0.4	-60	-10000	-6	-221	3.51	39%	-0.17	-79.6	2.07%	0	-1.7	28	0
17	Jan_11_2008	87.17	80.26	76.18	72.57			72.94(-1.66%)	DT	OpenShort	-75	0.1	-53	-10000	-0	-213	2.41	42%	-0.11	-82.1	2%	0	-1.4	31	0
18	Jan_10_2008	87.27	81.11	77.28	72.58			74.17(0.51%)	DP	OpenShort	-75	0.3	-62	-10000	-10	-218	2.38	42%	-0.08	-79.4	2%	0	-1.3	31	0
19	Jan_9_2008	87.34	81.9	78.39	73.34			73.79(5.44%)	DP	OpenShort	-75	0.1	-66	-10000	-21	-199	4.39	42%	0	-72.1	2%	0	-1.4	36	0
20	Jan_8_2008	87.34	82.82	79.38	74.91			69.98(-2.74%)	DT	HoldShort	-65	-0.9	-77	-10000	-39	-189	1.53	42%	-0.02	-60.9	1.87%	0	-2.3	24	0

21	Jan_7_2008	87.36	83.98	80.77	77.71			71.95(-1.44%)	DT	HoldShort	-65	-1.1	-59	-10000	-33	-136	2.15	44%	0.01	-47.9	2%	0	-2.3	22	0
22	Jan_4_2008	87.35	84.97	82	80.34			73(-6.41%)	DT	HoldShort	-65	-1.6	-46	-10000	-27	-104	4.58	44%	0.06	-33.7	2%	0	-2.6	21	0
23	Jan_3_2008	87.3	85.77	83.22	82.59			78(-4.41%)	DT	OpenShort	-75	-1.2	-36	-10000	-20	-82	2.43	47%	0.08	-23.6	1.85%	0	-2	25	0
24	Jan_2_2008	87.23	86.19	83.7	84.12			81.6(-2.88%)	DT	OpenShort	-75	-0.7	-22	-10000	-5	-73	1.17	51%	0.26	-14.1	1.82%	0	-1.3	29	0
25	Dec_31_2007	87	86.37	83.92	84.51			84.02(-1.22%)	DT	HoldShort	-50	-0.2	-21	-10000	3	-93	0.62	57%		-13.8	1.81%	0	-0.7	28	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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