Trading Signals: MGM Stock Price Prediction and Forecast

^ MGM: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Mon. Dec. 21, 2020

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

(MGM Resorts International)
MGM latest price $30.4900 (-3.73%) ($29.9500 - $31.0000) on Mon. Dec. 21, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.45% (three month average)
RSI   62
Latest Price   $30.4900(-3.73%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM advances 0.6% a day on average for past five trading days.
Weekly Trend   MGM advances 2.2% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Rotation from value to growth for small cap.
Correlated ETFs   Broad market will support MGM advance at 0% a week (0% probability)
PEJ(76%)    JETS(71%)    IWM(68%)    IWO(67%)    IWN(66%)
Factors Impacting MGM price   MGM will decline at least -1.725% in a week (0% probabilities).
VIXM(-39%)    UUP(-20%)    VXX(-16%)    EDOC(-6%)    TLT(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.725% (StdDev 3.45%)
Hourly BBV -1.3 ()
Intraday Trend 0.5%

Inflection Point   Yes
5 Day Moving Average   $31(-1.65%)
10 Day Moving Average   $30.57(-0.26%)
20 Day Moving Average   $29.77(2.42%)
To recent high   -3.7%
To recent low   51.7%
Market Cap   $15.04b

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 4.27% (three month std-dev: 3.45%) daily (68% of days).

Sample size 20 Average positive next day return: 1.45%(50%) Average negative next day return: -1.98%(50%) Sample size 20 Average positive next three day return: 2.35%(60%) Average negative next three day return: -3.44%(40%) Sample size 20 Average positive next weekly return: 3.1%(55%) Average negative next weekly return: -3.81%(45%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210121

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_21_2020	23.62	29.77	30.57	31	30.92	30.9	30.49(-3.73%)	UD	OpenLong	75	-0.4	10	-10	-0	38	8.84	65%	0.6	87.1	3.45%	-1.3	0.6	62	-1.6
2	Dec_18_2020	23.48	29.57	30.51	30.81	30.88	31.2	31.67(1.77%)	UT	OpenLong	75	0.6	20	80	12	45	11.61	68%	0.69	73.2	3.46%	1.7	1.4	72	1.2
3	Dec_17_2020	23.32	29.34	30.4	30.51	30.56	30.94	31.12(0.45%)	UT	OpenLong	75	0.4	18	90	8	46	5.84	68%	0.65	80.8	3.47%	0.9	1.2	67	1.6
4	Dec_16_2020	23.17	29.14	30.28	30.47	30.41	30.56	30.98(0.72%)	UT	OpenLong	75	0.3	22	30	11	55	6.91	68%	0.65	89.7	3.49%	1.7	1.3	67	1.5
5	Dec_15_2020	23.02	28.91	30.11	30.26	30.28	30.18	30.76(4.24%)	UT	OpenLong	75	0.3	15	-20	3	51	6.54	68%	0.7	89.5	3.52%	1.7	1.2	66	0.8

6	Dec_14_2020	22.86	28.7	29.92	30.09	30.22	30.26	29.51(-2.22%)	UD	OpenLong	65	-0.4	13	20	-2	59	9.27	66%	0.62	90.2	3.5%	-1.8	0.5	73	-0.6
7	Dec_11_2020	22.72	28.53	29.82	30.15	30.16	30.37	30.18(-2.42%)	UD	OpenLong	75	0	20	50	1	76	7.77	66%	0.66	99.6	3.49%	-0.3	1	77	0.3
8	Dec_10_2020	22.57	28.22	29.67	30.26	30.09	30.19	30.93(3.31%)	UT	OpenLong	75	0.4	29	10	7	93	7.44	66%	0.62	94.1	3.47%	2.2	1.5	71	0.9
9	Dec_9_2020	22.43	27.87	29.41	30.06	30.1	29.94	29.94(0.17%)	UT	OpenLong	75	-0.1	25	-30	2	95	8.23	66%	0.63	94	3.46%	0.5	1.1	70	1
10	Dec_8_2020	22.29	27.62	29.26	29.94	30.06	30	29.89(0.2%)	UT	OpenLong	75	-0	28	-0	2	106	6.27	66%	0.59	99.3	3.46%	-0.4	1.1	72	1.6

11	Dec_7_2020	22.16	27.39	28.91	29.72	29.85	30.27	29.83(-2.9%)	UD	OpenLong	75	0.1	34	110	11	102	8.49	66%	0.64	109.9	3.47%	-1.3	1.2	71	1.1
12	Dec_4_2020	22.02	27.01	28.57	29.41	29.5	30.12	30.72(2.71%)	UT	HoldLong	65	0.6	43	160	23	101	15.11	66%	0.59	98.9	3.47%	1.3	1.7	79	1.2
13	Dec_3_2020	21.89	26.57	28.2	28.99	29.01	29.43	29.91(1.91%)	UT	HoldLong	65	0.4	40	100	17	108	8.94	66%	0.55	92.3	3.46%	1	1.5	84	0.9
14	Dec_2_2020	21.77	26.15	27.89	28.68	28.71	28.88	29.35(1.87%)	UT	HoldLong	65	0.3	35	40	9	114	7.28	66%	0.6	88	3.48%	1.4	1.4	80	1
15	Dec_1_2020	21.64	25.78	27.6	28.5	28.51	28.6	28.81(1.98%)	UT	OpenLong	75	0.1	41	20	14	122	6.93	66%	0.56	86.8	3.51%	0.4	1.3	71	1

16	Nov_30_2020	21.52	25.39	27.36	27.97	28.25	28.54	28.25(-1.29%)	UD	OpenLong	75	0.1	38	100	14	111	9.62	62%	0.61	75.3	3.56%	0.4	1.1	66	1.1
17	Nov_27_2020	21.39	25.01	27.13	27.56	27.73	28.43	28.62(0.81%)	UT	HoldLong	65	0.4	43	200	16	123	4.09	62%	0.8	63.1	3.59%	-2.4	1.4	78	1.1
18	Nov_25_2020	21.22	24.64	26.65	27.29	27.24	27.96	28.39(-0.21%)	UD	OpenLong	75	0.4	49	180	22	131	7.31	62%	0.62	56.4	3.59%	0.9	1.4	78	1.3
19	Nov_24_2020	21.09	24.23	26.21	26.99	26.93	27.04	28.45(8.8%)	UT	HoldLong	65	0.6	48	20	17	139	12.12	64%	0.52	52.7	3.59%	1.9	1.6	79	1.1
20	Nov_23_2020	20.98	23.85	25.83	26.59	26.71	26.52	26.15(-0.23%)	UD	OpenLong	65	-0.2	32	-40	-5	143	12.69	60%	0.29	51.3	3.49%	-1	1	73	1.1

21	Nov_20_2020	20.92	23.64	25.75	26.66	26.67	26.82	26.21(-3.78%)	UD	OpenLong	75	-0.2	46	40	-0	184	8.87	60%	0.43	57.3	3.49%	-1.7	1.1	76	1.2
22	Nov_19_2020	20.83	23.49	25.36	26.6	26.7	26.91	27.24(1.23%)	UT	HoldLong	65	0.3	73	70	26	213	9.29	63%	0.53	63.6	3.45%	0.2	1.7	82	1.3
23	Nov_18_2020	20.72	23.24	24.83	25.89	26.17	26.53	26.91(1.85%)	UT	OpenLong	75	0.5	63	130	21	190	14.03	63%	0.48	61.8	3.45%	0.5	1.7	75	1.3
24	Nov_17_2020	20.62	22.95	24.29	25.3	25.35	26.49	26.42(-0.34%)	UD	OpenLong	75	0.6	61	320	21	181	8.43	63%	0.49	59.2	3.46%	0.4	1.8	78	1.6
25	Nov_16_2020	20.52	22.68	23.82	24.97	24.9	25.82	26.51(2.36%)	UT	OpenLong	75	0.9	70	250	33	182	16.01	63%		60.1	3.47%	0.9	2.1	71	1.6
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

Click to see actual return for next trading day.