Trading Signals: MGM Stock Price Prediction and Forecast

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Thu. Sep. 2, 2021

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

(MGM Resorts International)
MGM latest price $42.5600 (0.85%) ($41.9040 - $43.0000) on Thu. Sep. 2, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.21% (three month average)
RSI   58
Latest Price   $42.5600(0.85%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MGM advances 0.3% a day on average for past five trading days.
Weekly Trend   MGM advances 4.9% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MGM advance at 0% a week (0% probability)
PEJ(82%)    IWM(71%)    JETS(71%)    IWO(70%)    IWN(68%)
Factors Impacting MGM price   MGM will decline at least -1.105% in a week (0% probabilities).
VIXM(-37%)    UUP(-18%)    VXX(-13%)    IGOV(-7%)    TLT(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.105% (StdDev 2.21%)
Hourly BBV -0.1 ()
Intraday Trend 0.2%

5 Day Moving Average   $42.67(-0.26%)
10 Day Moving Average   $41.7(2.06%)
20 Day Moving Average   $40.59(4.85%)
To recent high   -3.6%
To recent low   16.2%
Market Cap   $20.994b

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 4.07% (three month std-dev: 2.21%) daily (68% of days).

Sample size 24 Average positive next day return: 0.56%(42%) Average negative next day return: -1.5%(58%) Sample size 24 Average positive next three day return: 1.91%(58%) Average negative next three day return: -3.03%(42%) Sample size 24 Average positive next weekly return: 3.08%(58%) Average negative next weekly return: -4.7%(42%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20211002

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	Sep_2_2021	40.71	40.59	41.7	42.67	42.62	42.51	42.56(0.85%)	UT	OpenLong	75	-0.1	33	-20	-0	133	4.97	56%	0.02	77.6	2.21%	-0.1	1.2	58	1.6
2	Sep_1_2021	40.7	40.44	41.24	42.56	42.69	42.58	42.2(-0.99%)	UD	OpenLong	65	-0.2	28	-10	-1	113	4.25	56%	0.05	77.6	2.21%	-1.7	1	55	1.7
3	Aug_31_2021	40.68	40.2	40.9	42.54	42.57	42.72	42.62(-0.09%)	UD	OpenLong	75	0	34	30	9	107	6.08	56%	0.02	72.1	2.21%	-1.1	1.4	58	1.5
4	Aug_30_2021	40.67	39.91	40.44	42.2	42.3	42.81	42.66(-1.52%)	UD	OpenLong	75	0.3	46	90	30	93	5.26	56%	0.02	65.2	2.23%	0.2	1.6	61	1.5
5	Aug_27_2021	40.66	39.65	40.09	41.57	41.73	42.43	43.32(3.19%)	UT	OpenLong	75	1	56	130	48	79	5.29	56%	0.02	52.7	2.23%	1.8	2.2	66	1.4

6	Aug_26_2021	40.65	39.35	39.76	40.59	40.85	41.79	41.98(-0.36%)	UD	OpenLong	75	0.9	50	180	51	47	5.14	54%	0.02	37.7	2.21%	0.4	1.8	58	0.9
7	Aug_25_2021	40.64	39.15	39.59	39.72	39.82	41.03	42.13(2.98%)	UT	OpenLong	75	1.8	46	220	54	22	6.08	54%	0.02	20	2.22%	1.4	2.2	60	1.6
8	Aug_24_2021	40.63	38.95	39.39	39.03	38.9	39.91	40.91(3.52%)	UT	OpenLong	75	1.6	43	170	52	15	9.14	55%	-0.02	1.3	2.2%	1.1	1.6	66	1.5
9	Aug_23_2021	40.64	38.79	39.25	38.43	38.33	38.6	39.52(2.92%)	N/A	N/A	0	1	13	40	19	-4	4.53	53%	-0.02	-15	2.25%	1.4	0.7	64	1.5
10	Aug_20_2021	40.65	38.77	39.22	38.41	38.08	37.9	38.4(1.96%)	DP	OpenShort	-75	-0	-17	-60	-19	-9	5.25	50%	-0.05	-5.6	2.22%	0.5	-0.3	58	1.1

11	Aug_19_2021	40.67	38.79	39.37	38.81	38.5	38.07	37.66(-2.54%)	N/A	N/A	0	-1	-16	-100	-27	18	5.7	50%	0	8.1	2.21%	-1	-1	54	-0.2
12	Aug_18_2021	40.67	38.87	39.59	39.42	39.17	38.26	38.64(1.87%)	N/A	N/A	0	-0.7	-11	-180	-32	51	6.26	53%	0.02	24.3	2.19%	0.5	-0.2	54	0.5
13	Aug_17_2021	40.66	38.93	39.48	39.81	39.72	38.93	37.93(-3.78%)	N/A	N/A	0	-1.7	-16	-150	-40	58	5.84	53%	0	33.6	2.19%	-1.2	-0.9	50	1.1
14	Aug_16_2021	40.66	38.96	39.43	40.16	40.15	40.09	39.42(-2.45%)	UD	OpenLong	65	-0.6	14	-10	-9	81	5.32	57%	0.05	31.4	2.14%	-1.1	0.4	60	1.5
15	Aug_13_2021	40.64	38.83	39.24	40.12	40.13	40.52	40.41(-0.74%)	UD	OpenLong	75	0.2	31	70	15	78	4.15	64%	0.07	11.8	2.18%	-0.2	1.3	56	1.6

16	Aug_12_2021	40.61	38.7	38.96	40	39.79	40.2	40.71(0.37%)	UT	OpenLong	75	0.6	31	60	18	68	3.93	58%	0.07	-4.7	2.18%	1.5	1.8	60	1.8
17	Aug_11_2021	40.58	38.61	38.69	39.79	39.62	39.75	40.56(2.11%)	UT	OpenLong	75	0.7	35	10	28	56	4.77	58%	0.1	-15.4	2.25%	2.5	1.8	56	1.9
18	Aug_10_2021	40.54	38.57	38.45	39.14	39.22	39.38	39.72(1.3%)	UT	OpenLong	75	0.5	16	30	16	17	4.82	58%	0	-33.6	2.25%	0.7	1.1	47	1.7
19	Aug_9_2021	40.54	38.59	38.27	38.58	38.76	39.5	39.21(-1.51%)	N/A	N/A	0	0.5	19	150	26	-2	5.3	58%	0	-44.5	2.25%	-0.3	0.5	54	1.7
20	Aug_6_2021	40.54	38.69	38.25	38.21	38.2	39.06	39.81(0.35%)	UT	OpenLong	75	1.2	30	160	39	4	6.71	52%	0	-53.1	2.26%	0.9	0.8	66	1.6

21	Aug_5_2021	40.54	38.76	38.12	37.76	37.74	38.03	39.67(6.44%)	N/A	N/A	0	1.4	13	50	22	-14	10.47	54%	-0.05	-67.7	2.41%	1.6	0.7	57	1.1
22	Aug_4_2021	40.56	38.78	38.04	37.46	37.61	37.35	37.27(0.87%)	DP	OpenShort	-75	-0.1	-17	-40	-10	-39	9.87	49%	-0.05	-79.5	2.31%	-0.1	-1.1	42	0.9
23	Aug_3_2021	40.58	38.93	38.3	37.68	37.81	37.45	36.95(-1.12%)	DT	OpenShort	-75	-0.5	-23	-60	-19	-36	8.19	49%	-0.1	-80.1	2.31%	-0.9	-1.4	38	0.9
24	Aug_2_2021	40.62	39.15	38.46	37.9	38.16	37.88	37.37(-0.43%)	DT	OpenShort	-75	-0.4	-22	-30	-16	-40	6.76	49%	-0.05	-83	2.32%	-1.3	-1.3	36	-0.3
25	Jul_30_2021	40.64	39.43	38.41	38.26	38.26	38.17	37.53(-1.68%)	DT	OpenShort	-75	-0.5	-24	-20	-14	-55	6.56	49%		-69.7	2.33%	-1.8	-1.2	34	0.5
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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