Trading Signals: MGM Stock Price Prediction and Forecast

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Wed. Dec. 24, 2014

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

(MGM Resorts International)
MGM latest price $20.7700 (-0.81%) ($20.7700 - $21.1700) on Wed. Dec. 24, 2014.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.15% (three month average)
RSI   41
Latest Price   $20.7700(-0.81%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM advances 2.8% a day on average for past five trading days.
Weekly Trend   MGM declines -2.5% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MGM advance at 0% a week (0% probability)
DIA(27%)    XHB(23%)    PEJ(20%)    XLI(18%)    JNK(17%)
Factors Impacting MGM price   MGM will decline at least -1.075% in a week (0% probabilities).
VIXM(-9%)    SHY(-9%)    IGOV(-8%)    TLT(-4%)    UUP(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.075% (StdDev 2.15%)
Hourly BBV 0 ()
Intraday Trend -1.2%

Resistance Level   $20.89
5 Day Moving Average   $20.34(2.11%)
10 Day Moving Average   $19.93(4.21%)
20 Day Moving Average   $20.89(-0.57%)
To recent high   -10.7%
To recent low   15.3%
Market Cap   $10.245b

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 6.13% (three month std-dev: 2.15%) 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

> 20150124

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	Dec_24_2014	22.66	20.89	19.93	20.34			20.77(-0.81%)	N/A	N/A	0	0.3	5	-10000	26	-59	3.07	45%	-0.22	-41.1	2.15%	0	-0.1	41	0
2	Dec_23_2014	22.71	20.99	19.91	19.79			20.94(3.25%)	DP	OpenShort	-65	0.9	-15	-10000	20	-120	14.35	45%	-0.26	-49.2	2.15%	0	-0	41	0
3	Dec_22_2014	22.77	21.07	19.93	19.37			20.28(-0.25%)	DP	OpenShort	-65	0.7	-39	-10000	4	-169	11.91	40%	-0.26	-54.1	2.11%	0	-0.6	35	0
4	Dec_19_2014	22.83	21.19	20.05	19.28			20.33(4.79%)	DP	OpenShort	-65	0.7	-45	-10000	2	-185	22.1	40%	-0.26	-55.5	2.13%	0	-0.6	35	0
5	Dec_18_2014	22.89	21.28	20.19	19.25			19.4(7.72%)	DP	OpenShort	-75	0.1	-62	-10000	-12	-213	26.86	38%	-0.35	-58	2.04%	0	-1.3	23	0

6	Dec_17_2014	22.97	21.43	20.44	19.48			18.01(-4.46%)	DT	HoldShort	-50	-1.1	-83	-10000	-30	-242	53.7	31%	-0.39	-58.4	1.81%	0	-2.5	0	0
7	Dec_16_2014	23.06	21.67	20.87	20.02			18.85(-4.89%)	DT	HoldShort	-50	-1.1	-77	-10000	-30	-216	27.72	32%	-0.39	-60	1.74%	0	-2.6	0	0
8	Dec_15_2014	23.15	21.86	21.21	20.55			19.82(-1.78%)	DT	HoldShort	-50	-0.8	-63	-10000	-21	-188	14.89	34%	-0.26	-58	1.65%	0	-2.3	0	0
9	Dec_12_2014	23.21	22.01	21.46	20.92			20.18(-1.75%)	DT	HoldShort	-65	-1	-56	-10000	-20	-163	11.22	34%	-0.26	-51.3	1.66%	0	-2.4	6	0
10	Dec_11_2014	23.27	22.14	21.73	21.27			20.54(-0.87%)	DT	OpenShort	-75	-1.1	-43	-10000	-16	-125	10.91	35%	-0.26	-41.5	1.66%	0	-2.5	26	0

11	Dec_10_2014	23.33	22.25	21.96	21.55			20.72(-3.67%)	DT	OpenShort	-75	-1.6	-34	-10000	-15	-91	15.19	35%	-0.21	-29.5	1.66%	0	-2.9	28	0
12	Dec_9_2014	23.38	22.35	22.18	21.83			21.51(-0.65%)	DT	OpenShort	-75	-0.8	-21	-10000	-8	-61	9.53	37%	-0.17	-17.2	1.6%	0	-2.2	33	0
13	Dec_8_2014	23.42	22.39	22.31	21.97			21.65(-1.19%)	DT	OpenShort	-75	-0.9	-16	-10000	-7	-43	7.52	37%	-0.17	-21.1	1.6%	0	-2.2	35	0
14	Dec_5_2014	23.46	22.39	22.42	22.09			21.91(-0.27%)	DT	OpenShort	-75	-0.6	-16	-10000	-10	-33	3.82	37%	-0.17	-31.2	1.6%	0	-1.6	33	0
15	Dec_4_2014	23.5	22.41	22.46	22.27			21.97(-0.72%)	DT	OpenShort	-75	-0.9	-14	-10000	-10	-24	6.23	37%	-0.13	-30.1	1.6%	0	-1.4	36	0

16	Dec_3_2014	23.53	22.4	22.49	22.44			22.13(-0.18%)	DT	OpenShort	-75	-0.9	-9	-10000	-8	-13	7.87	37%	-0.17	-29.6	1.6%	0	-0.8	42	0
17	Dec_2_2014	23.57	22.42	22.52	22.58			22.17(-0.45%)	DT	OpenShort	-75	-1.2	-6	-10000	-7	-2	5.32	35%	-0.13	-27.9	1.6%	0	-0.8	42	0
18	Dec_1_2014	23.6	22.46	22.55	22.71			22.27(-2.37%)	N/A	N/A	0	-1.3	0	-10000	-5	15	9.72	35%	-0.17	-10.9	1.63%	0	-0.5	56	0
19	Nov_28_2014	23.64	22.5	22.6	22.8			22.81(-0.04%)	UD	OpenLong	75	0	15	-10000	7	40	2.87	36%	-0.21	4	1.62%	0	0.8	72	0
20	Nov_26_2014	23.69	22.5	22.58	22.68			22.82(0.04%)	UT	OpenLong	75	0.4	16	-10000	7	41	4.79	36%	-0.13	2.2	1.61%	0	0.8	73	0

21	Nov_25_2014	23.72	22.5	22.55	22.55			22.81(-0.18%)	UD	OpenLong	75	0.6	13	-10000	4	41	8.81	36%	-0.17	2.2	1.61%	0	0.7	75	0
22	Nov_24_2014	23.76	22.51	22.52	22.47			22.85(0.57%)	UT	OpenLong	75	1	14	-10000	5	39	5.37	36%	0	1.1	1.61%	0	0.9	58	0
23	Nov_21_2014	23.76	22.5	22.45	22.47			22.72(2.39%)	UT	OpenLong	75	0.9	4	-10000	0	16	9.37	36%	-0.21	6.4	1.61%	0	0.6	44	0
24	Nov_20_2014	23.81	22.49	22.38	22.38			22.19(0%)	DT	HoldShort	-50	-0.5	-5	-10000	-5	-5	4.21	33%	-0.17	16.2	1.58%	0	-0.8	33	0
25	Nov_19_2014	23.85	22.5	22.35	22.47			22.19(-0.89%)	DT	OpenShort	-75	-0.7	-6	-10000	-4	-13	6.06	33%		34.7	1.58%	0	-0.8	38	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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