>>> Join us to access robo analyses for over 16,000+ stocks! <<<
MGM Resorts International (MGM) “On a long-term technical basis, the stock (MGM) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 20.86 and 17.63. If the stock breaks down through support at 20.86 then it will probably continue lower to 17.63. The stock has resistance at 25.20 and at 29.50. If the stock breaks up through resistance at 25.20 then it will probably continue higher to 29.50. The 200-day moving average is at 25.20. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 20.86 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (88.85).”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<