US stock / ETF

MGM RESORTS INTERNATIONAL

MGM · NYSE · USD

1 monthRange53%
Monthly Range probability 94%Range

MGM 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Break either side of $25.3 - $51.59 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 45.3, MACD -0.558

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $5.78 (17.38%)

Monthly

EMA Structure

Range
EMA 8$36.2Bearish
EMA 21$37.09Bearish
EMA 50$36.66Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.3 · MACD -0.558

Neutral zone

Strength
Bearish
Volatility
ATR $5.78 · BB 52.62%

High volatility

Strength
Bearish
Volume
MFI 54.8 · OBV 129.10%

Relative to 20-period average volume

Strength
Range
Price Levels
$25.3 - $51.59

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+72.59% · 4.2 ATR above latest close

$57.37
Nearest resistance

+55.2% · 3.2 ATR above · 34-bar high

$51.59
Current price

Price shown is delayed

$33.24
Nearest support

-23.89% · 1.4 ATR below · 34-bar low

$25.3
Deeper support zone

-41.27% · 2.4 ATR below latest close

$19.52
ATR zone

Latest close ± ATR14

$27.46 - $39.02

Indicators

Trend

Dow Theory Structure

Confirmation $51.59, invalidation $29.19

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

16.0 / 25.6 / 33.5Bearish
Supertrend (10,3)

Price is above Supertrend

$13.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$38.8 / $38.45Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Volatility

ATR (14)

High volatility

$5.78 (17.38%)Bearish
Bollinger Bands (20,2)

Width 52.62%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$49.27 / $24.88Bearish
ATR channel lower / upper

Current Volatility Envelope

$27.46 / $39.02Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$51.59Range
Support

Nearest Downside Decision Level

$25.3Range

Momentum

RSI (14)

Neutral zone

45.3Range
MACD (12,26,9)

Histogram is negative

-0.558Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

26.2 / 15.9Bullish
Williams %R (14)

Neutral zone

-73.8Range
CCI (20)

Balanced zone

-75.6Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.8Range
OBV slope

20-period OBV slope

129.10%Bullish
Volume ratio

Relative to 20-period average volume

0.46xBearish

Trend

Dow Theory Structure

Confirmation $51.59, invalidation $29.19

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

16.0 / 25.6 / 33.5Bearish
Supertrend (10,3)

Price is above Supertrend

$13.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$38.8 / $38.45Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Momentum

RSI (14)

Neutral zone

45.3Range
MACD (12,26,9)

Histogram is negative

-0.558Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

26.2 / 15.9Bullish
Williams %R (14)

Neutral zone

-73.8Range
CCI (20)

Balanced zone

-75.6Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$5.78 (17.38%)Bearish
Bollinger Bands (20,2)

Width 52.62%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$49.27 / $24.88Bearish
ATR channel lower / upper

Current Volatility Envelope

$27.46 / $39.02Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.8Range
OBV slope

20-period OBV slope

129.10%Bullish
Volume ratio

Relative to 20-period average volume

0.46xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$51.59Range
Support

Nearest Downside Decision Level

$25.3Range

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