Trading Signals: MGM Stock Price Prediction and Forecast

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Wed. Mar. 3, 2021

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

(MGM Resorts International)
MGM latest price $38.8300 (0.75%) ($38.3400 - $39.6500) on Wed. Mar. 3, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.71% (three month average)
RSI   59
Latest Price   $38.8300(0.75%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM advances 0.1% a day on average for past five trading days.
Weekly Trend   MGM advances 3.4% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Rotation from growth to value for small cap.
Correlated ETFs   Broad market will support MGM advance at 0% a week (0% probability)
PEJ(77%)    JETS(72%)    IWM(69%)    IWO(68%)    IWN(66%)
Factors Impacting MGM price   MGM will decline at least -1.355% in a week (0% probabilities).
VIXM(-39%)    UUP(-19%)    VXX(-15%)    TLT(-3%)    UNG(0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.355% (StdDev 2.71%)
Hourly BBV 0.8 ()
Intraday Trend -0.5%

5 Day Moving Average   $38.03(2.1%)
10 Day Moving Average   $37.79(2.75%)
20 Day Moving Average   $36.32(6.91%)
To recent high   -1.9%
To recent low   37%
Market Cap   $19.154b

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 5.86% (three month std-dev: 2.71%) daily (68% of days).

Sample size 24 Average positive next day return: 2.5%(46%) Average negative next day return: -1.63%(54%) Sample size 24 Average positive next three day return: 5.79%(50%) Average negative next three day return: -3.52%(50%) Sample size 24 Average positive next weekly return: 9.13%(38%) Average negative next weekly return: -4.09%(63%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210403

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	Mar_3_2021	29.3	36.32	37.79	38.03	38.26	38.58	38.83(0.75%)	UT	OpenLong	75	0.4	28	80	11	79	8.26	59%	0.65	105.3	2.71%	0.8	1.2	59	0.3
2	Mar_2_2021	29.11	35.92	37.41	37.99	37.95	38.19	38.54(0.63%)	UT	HoldLong	50	0.2	17	40	-1	70	9.39	59%	0.59	97.9	2.72%	1.4	1.1	61	1
3	Mar_1_2021	28.94	35.48	37.07	38.2	38.1	37.93	38.3(1.35%)	UT	OpenLong	75	0	24	-40	5	79	7.46	59%	0.63	89.1	2.72%	1	1.1	61	1
4	Feb_26_2021	28.76	35.01	36.82	38.05	38.26	37.71	37.79(2.97%)	UD	OpenLong	65	-0.1	18	-80	-4	82	14.24	59%	0.59	74.7	2.69%	0	0.9	65	0.5
5	Feb_25_2021	28.59	34.61	36.58	37.77	38.18	38.27	36.7(-5%)	UD	OpenLong	75	-0.3	25	50	2	94	13.5	57%	0.53	66.5	2.7%	-1.9	0.7	68	0.2

6	Feb_24_2021	28.44	34.21	36.55	37.44	37.7	38.82	38.63(-2.42%)	UD	OpenLong	75	0.4	65	230	41	137	15.53	66%	0.67	55.5	2.61%	0.2	1.3	80	1.4
7	Feb_23_2021	28.25	33.75	36.25	36.71	36.69	38.08	39.59(5.52%)	UT	HoldLong	65	0.9	78	260	56	142	15.09	66%	0.64	48.6	2.78%	1.4	1.8	85	1.3
8	Feb_22_2021	28.07	33.26	35.82	35.79	35.75	36.58	37.52(3.02%)	UT	HoldLong	65	0.6	64	160	36	146	12.27	64%	0.61	43.8	2.71%	1.1	1.4	85	1.1
9	Feb_19_2021	27.9	32.93	35.49	35.47	35.27	35.3	36.42(3.94%)	UT	HoldLong	65	0.3	50	-10	12	162	8.49	59%	0.54	45.3	2.75%	1.8	1.2	85	1.5
10	Feb_18_2021	27.75	32.67	35.11	35.24	35.2	34.93	35.04(0.23%)	UD	OpenLong	65	-0.1	32	-60	-14	170	7.5	56%	0.51	47.9	2.72%	0.2	0.9	75	1.3

11	Feb_17_2021	27.61	32.47	34.74	35.53	35.38	35.25	34.96(-0.09%)	UD	OpenLong	65	-0.2	44	-40	-11	207	10.58	56%	0.51	53.8	2.72%	-0.5	0.9	78	1.4
12	Feb_16_2021	27.47	32.24	34.34	35.7	35.67	35.48	34.99(-2.62%)	UD	OpenLong	65	-0.3	55	-40	-4	232	12.11	56%	0.66	56.9	2.72%	-0	1	70	1.2
13	Feb_12_2021	27.29	31.98	33.81	35.82	35.7	35.52	35.93(1.78%)	UT	OpenLong	75	0	59	-50	2	230	6.91	62%	0.55	56.9	2.9%	0.4	1.5	71	1.5
14	Feb_11_2021	27.14	31.68	33.1	35.49	35.61	35.85	35.3(-3.21%)	UD	OpenLong	75	-0.1	64	60	15	212	10.2	62%	0.56	56.3	2.91%	-1.3	1.5	62	1.3
15	Feb_10_2021	26.99	31.4	32.53	34.92	35.16	35.88	36.47(1.81%)	UT	OpenLong	75	0.7	81	160	43	194	13.67	64%	0.56	50.4	2.91%	1.5	2.2	65	1

16	Feb_9_2021	26.84	31.07	31.7	33.81	34.07	35.37	35.82(0.62%)	UT	OpenLong	75	1	73	290	50	140	8.9	71%	0.56	42.4	2.92%	1.1	2.3	65	1.1
17	Feb_8_2021	26.69	30.79	31.05	32.77	32.89	34.44	35.6(3.94%)	UT	OpenLong	75	1.7	66	340	58	89	9.35	71%	0.53	36.4	3.43%	1.2	2.8	66	1.1
18	Feb_5_2021	26.55	30.55	30.44	31.51	31.68	32.76	34.25(5.45%)	UT	OpenLong	75	2.1	52	250	53	47	11.38	69%	0.45	19.5	3.41%	1.3	2.8	66	1.1
19	Feb_4_2021	26.43	30.34	30.1	30.37	30.53	31.33	32.48(5.15%)	UT	OpenLong	75	2.2	24	200	29	7	8.74	67%	0.38	-9	3.36%	1.9	2.2	58	1.1
20	Feb_3_2021	26.33	30.26	29.96	29.78	29.82	30.6	30.89(0.82%)	N/A	N/A	0	1.3	19	190	27	-6	5.71	66%	0.27	-26.5	3.32%	0.6	0.7	54	0.7

21	Feb_2_2021	26.26	30.23	29.95	29.27	29.44	29.72	30.64(4.68%)	N/A	N/A	0	1.6	9	80	19	-22	10.4	66%	0.31	-47.9	3.35%	1.4	0.5	52	-0.1
22	Feb_1_2021	26.18	30.18	29.93	29.06	28.99	29.03	29.27(2.49%)	DP	OpenShort	-75	0.2	-16	0	-7	-42	6.62	64%	0.27	-60.1	3.31%	0.2	-1	42	-1.3
23	Jan_29_2021	26.11	30.29	29.99	29.21	29.19	29.15	28.56(-3.38%)	DT	OpenShort	-75	-0.7	-21	-10	-12	-47	7.8	67%	0.23	-53.7	3.34%	-0.7	-2	35	-2.7
24	Jan_28_2021	26.05	30.43	30.18	29.77	29.58	28.94	29.56(4.3%)	DP	OpenShort	-75	-0.3	-20	-170	-16	-33	7.57	66%	0.27	-34.6	3.37%	0.7	-1.1	45	-2.2
25	Jan_27_2021	25.98	30.49	30.24	30.17	30.06	29.23	28.34(-4.22%)	DT	OpenShort	-75	-2.3	-31	-200	-31	-32	9.89	60%		-20.2	3.4%	-1.6	-2.7	34	-3
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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