Trading Signals: MGM Stock Price Prediction and Forecast

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Tue. Jun. 16, 2020

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

(MGM Resorts International)
MGM latest price $19.3500 (-0.51%) ($19.0850 - $20.8500) on Tue. Jun. 16, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   8.55% (three month average)
RSI   58
Latest Price   $19.3500(-0.51%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM declines -2.8% a day on average for past five trading days.
Weekly Trend   MGM advances 3% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MGM advance at 0% a week (0% probability)
JETS(75%)    PEJ(75%)    IWM(67%)    IWN(67%)    IWD(65%)
Factors Impacting MGM price   MGM will decline at least -4.275% in a week (0% probabilities).
VIXM(-40%)    UUP(-18%)    VXX(-17%)    TLT(-10%)    UNG(1%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -4.275% (StdDev 8.55%)
Hourly BBV 0.2 ()
Intraday Trend -6.3%

Inflection Point   Yes
5 Day Moving Average   $19.26(0.47%)
10 Day Moving Average   $20.52(-5.7%)
20 Day Moving Average   $18.88(2.49%)
To recent high   -18.6%
To recent low   171%
Market Cap   $9.545b

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 11.97% (three month std-dev: 8.55%) 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

> 20200716

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_16_2020	19.29	18.88	20.52	19.26	18.99	19.42	19.35(-0.51%)	N/A	N/A	0	0	0	120	-6	18	39.74	58%	-0.57	60.2	8.55%	0.2	0.2	58	-1
2	Jun_15_2020	19.4	18.69	20.45	19.81	19.3	19.07	19.45(1.46%)	UD	OpenLong	65	-0.2	1	-160	-8	28	32.45	58%	-0.61	66.8	9.59%	1.4	0.3	60	-1.3
3	Jun_12_2020	19.52	18.43	20.32	20.67	20.01	18.56	19.17(7.46%)	UD	OpenLong	65	-0.6	2	-600	-14	49	31.47	54%	-0.71	69.9	9.59%	-0.3	0.3	65	-1.4
4	Jun_11_2020	19.66	18.17	20.17	21.18	21.11	19.53	17.84(-13.02%)	UD	OpenLong	65	-1.2	1	-530	-20	62	40.77	51%	-0.71	69.6	9.76%	-1.6	-0.1	62	-2.6
5	Jun_10_2020	19.8	17.94	20.16	21.95	22.17	21.45	20.51(-7.03%)	UD	OpenLong	65	-0.5	18	-200	-6	89	39.85	57%	-0.6	71.5	9.76%	-1.4	0.9	68	0.9

6	Jun_9_2020	19.92	17.61	19.93	21.9	22.32	22.69	22.06(-7.15%)	UD	OpenLong	75	0.1	33	170	8	107	31.38	54%	0.1	70.2	9.91%	-1	1.5	78	1
7	Jun_8_2020	19.9	17.22	19.49	21.13	21.8	22.91	23.76(9.39%)	UT	HoldLong	65	0.9	43	450	21	107	38.29	54%	-0.55	65.1	9.99%	1.3	2.2	84	1.6
8	Jun_5_2020	20.01	16.78	18.68	19.94	20.46	21.94	21.72(0%)	UT	HoldLong	50	0.7	38	580	19	93	56.43	52%	-0.6	62.4	9.94%	0.3	2	85	2
9	Jun_4_2020	20.13	16.42	18.1	19.03	19.31	20.71	21.72(7.21%)	UT	HoldLong	65	1.2	38	550	22	87	57.08	52%	-0.59	52.8	10.05%	1.2	2.4	86	1.6
10	Jun_3_2020	20.25	16.02	17.54	18.13	18.23	19	20.26(11.32%)	UT	HoldLong	65	1.1	29	310	12	81	40.85	51%	-0.64	38.5	10.01%	1.8	2.2	86	1.7

11	Jun_2_2020	20.38	15.7	17.02	17.7	17.65	17.91	18.2(2.25%)	UT	OpenLong	75	0.3	22	90	4	77	26.21	49%	-0.78	32.4	9.96%	1.3	1.5	72	1.3
12	Jun_1_2020	20.54	15.52	16.74	17.59	17.61	17.45	17.8(3.61%)	UT	OpenLong	75	0.1	24	-60	5	81	21.59	49%	-0.72	31.5	9.96%	0.8	1.5	65	1
13	May_29_2020	20.69	15.37	16.36	17.21	17.5	17.4	17.18(-0.29%)	UD	OpenLong	75	-0	18	10	2	66	23.87	49%	-0.81	29.6	10.02%	-0.9	1.3	57	1.3
14	May_28_2020	20.86	15.33	16.01	16.98	17.17	17.77	17.23(-4.86%)	UD	OpenLong	75	0.2	18	280	4	58	28.52	49%	-0.76	35.8	10.1%	-0.6	1.3	60	0.9
15	May_27_2020	21.02	15.32	15.57	16.83	16.75	17.61	18.11(2.61%)	UT	OpenLong	75	0.9	25	350	14	56	42.73	48%	-0.71	46.6	10.09%	1.1	2	67	1.5

16	May_26_2020	21.17	15.19	15.12	16.24	16.37	16.56	17.65(11.01%)	UT	OpenLong	75	1.1	19	110	11	41	38.59	48%	-1.31	48.3	10.1%	2	1.9	64	1.3
17	May_22_2020	21.45	15.05	14.8	15.77	15.87	15.89	15.9(-0.56%)	UD	OpenLong	75	0.1	10	30	4	28	20.69	44%	-0.83	49.6	9.89%	-0.6	0.7	56	1.2
18	May_21_2020	21.63	14.95	14.74	15.36	15.71	16.18	15.99(-3.09%)	UD	OpenLong	75	0.5	13	280	10	23	31.15	43%	-0.28	38.7	9.97%	0.1	0.9	55	1.1
19	May_20_2020	21.69	14.84	14.62	14.87	15.15	15.85	16.5(8.84%)	UT	OpenLong	75	1.4	14	380	16	7	36.89	43%	-0.78	26	9.97%	1.4	1.4	48	1.5
20	May_19_2020	21.86	14.68	14.34	14.1	14.35	15.23	15.16(-0.98%)	N/A	N/A	0	0.9	1	480	10	-25	24.23	43%	-0.82	3.5	9.9%	0.9	0.4	40	0.9

21	May_18_2020	22.04	14.59	14.25	13.84	13.73	14.45	15.31(10.54%)	DP	OpenShort	-65	1.2	-4	340	8	-38	32	43%	-0.85	-9.6	9.9%	1.4	0.6	49	1.4
22	May_15_2020	22.23	14.5	14.18	13.71	13.53	13.46	13.85(2.44%)	DP	OpenShort	-75	0.1	-14	-80	-3	-48	25.43	41%	-0.89	-14.4	9.8%	1.2	-0.6	46	1
23	May_14_2020	22.43	14.52	14.29	14.06	13.77	13	13.52(6.62%)	DP	OpenShort	-75	-0.5	-17	-450	-9	-40	33.08	41%	-0.4	-8.1	9.87%	0	-0.9	52	0.8
24	May_13_2020	22.52	14.54	14.6	14.34	14.31	13.59	12.68(-8.38%)	DT	OpenShort	-75	-1.4	-14	-360	-10	-24	35.38	40%	-0.97	-6.1	9.83%	-1.7	-1.6	49	0.1
25	May_12_2020	22.74	14.64	15.08	14.58	14.76	14.53	13.84(-5.53%)	DT	OpenShort	-75	-0.7	-3	-70	-4	-1	24.83	41%		3.1	9.8%	-2	-0.7	57	1.2
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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