MGM Resorts International (NYSE:MGM): About To Explode? (2020-01-03)

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REPORTING FOR 2020-01-03 | WCX19.ORG: We have done an in-depth analysis of how MGM has been trading over the last 2 weeks and the past day especially. On its latest session, MGM Resorts International (NYSE:MGM) opened at 33.52, reaching a high of 33.7 and a low of 33.29 before closing at a price of 33.66. There was a total volume of 3466716.

VOLUME INDICATORS FOR MGM RESORTS INTERNATIONAL (NYSE:MGM): We saw an accumulation-distribution index of 360.17188, an on-balance volume of -33.27, chaikin money flow of 3.55556 and a force index of 0.017. There was an ease of movement rating of 0.00172, a volume-price trend of 4.29854 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR MGM RESORTS INTERNATIONAL (NYSE:MGM): We noted an average true range of 0.30233, bolinger bands of 33.36314, an upper bollinger band of 33.13686, lower bollinger band of 33.29, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 33.50333, high band keltner channel of 33.32333, low band keltner channel of 33.68333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 33.29, a donchian channel low band of 33.29, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR MGM RESORTS INTERNATIONAL (NYSE:MGM): We calculated a Moving Average Convergence Divergence (MACD) of -0.00179, a MACD signal of -0.001, a MACD difference of -0.0008, a fast Exponential Moving Average (EMA) indicator of 33.29, a slow Exponential Moving Average (EMA) indicator of 33.29, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.36466, a trix of 8.82392, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -3.77305, a KST Oscillator (KST) of 127.82655 and a KST Oscillator (KST Signal) of 127.82655 (leaving a KST difference of -0.67758). We also found an Ichimoku rating of 33.61, an Ichimoku B rating of 33.61, a Ichimoku visual trend A of 30.31516, an Ichimoku visual trend B of 31.02823, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR MGM RESORTS INTERNATIONAL (NYSE:MGM): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 94.25438, a stochastic oscillator of 227.77778, a stochastic oscillator signal of 227.77778, a Williams %R rating of 127.77778 and an awesome oscillator of -0.00692.

RETURNS FOR MGM RESORTS INTERNATIONAL (NYSE:MGM): There was a daily return of 12.78266, a daily log return of -0.2406 and a cumulative return of -0.24031.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-03 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for MGM Resorts International (NYSE:MGM)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling MGM Resorts International (NYSE:MGM) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.