US stock / ETF

MGM RESORTS INTERNATIONAL

MGM · NYSE · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

MGM 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $36.05 and stabilize above resistance $51.59.

Invalidation Trigger

Break above $51.59 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 41.0, MACD -0.978

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $2.42 (7.28%)

Weekly

EMA Structure

Bearish
EMA 8$32.44Bullish
EMA 21$36.05Bearish
EMA 50$37.49Bearish

Signals

CategoryReadStrength
Momentum
RSI 41.0 · MACD -0.978

Momentum is weak

Strength
Bearish
Volatility
ATR $2.42 · BB 71.29%

High volatility

Strength
Bearish
Volume
MFI 29.1 · OBV -36.53%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$26.71 - $51.59

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+62.48% · 8.6 ATR above latest close

$54.01
Nearest resistance

+55.2% · 7.6 ATR above · 34-bar high

$51.59
Current price

Price shown is delayed

$33.24
Nearest support

-19.65% · 2.7 ATR below · 34-bar low

$26.71
Deeper support zone

-26.92% · 3.7 ATR below latest close

$24.29
ATR zone

Latest close ± ATR14

$30.82 - $35.66

Indicators

Trend

Dow Theory Structure

Confirmation $26.71, invalidation $50.55

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

65.8 / 10.9 / 51.5Bearish
Supertrend (10,3)

Price is above Supertrend

$24.72Bullish
Ichimoku Cloud

Cloud Span A / Span B

$36.27 / $39.15Bearish
Donchian Channel (20)

20-period breakout channel position

27%Bearish

Volatility

ATR (14)

High volatility

$2.42 (7.28%)Bearish
Bollinger Bands (20,2)

Width 71.29%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$41.35 / $30.4Bearish
ATR channel lower / upper

Current Volatility Envelope

$30.82 / $35.66Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$51.59Range
Support

Nearest Downside Decision Level

$26.71Range

Momentum

RSI (14)

Momentum is weak

41.0Bearish
MACD (12,26,9)

Histogram is negative

-0.978Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.9 / 27.4Bullish
Williams %R (14)

Neutral zone

-63.1Range
CCI (20)

Balanced zone

-60.1Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

29.1Bearish
OBV slope

20-period OBV slope

-36.53%Bearish
Volume ratio

Relative to 20-period average volume

0.95xRange

Trend

Dow Theory Structure

Confirmation $26.71, invalidation $50.55

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

65.8 / 10.9 / 51.5Bearish
Supertrend (10,3)

Price is above Supertrend

$24.72Bullish
Ichimoku Cloud

Cloud Span A / Span B

$36.27 / $39.15Bearish
Donchian Channel (20)

20-period breakout channel position

27%Bearish

Momentum

RSI (14)

Momentum is weak

41.0Bearish
MACD (12,26,9)

Histogram is negative

-0.978Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.9 / 27.4Bullish
Williams %R (14)

Neutral zone

-63.1Range
CCI (20)

Balanced zone

-60.1Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$2.42 (7.28%)Bearish
Bollinger Bands (20,2)

Width 71.29%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$41.35 / $30.4Bearish
ATR channel lower / upper

Current Volatility Envelope

$30.82 / $35.66Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

29.1Bearish
OBV slope

20-period OBV slope

-36.53%Bearish
Volume ratio

Relative to 20-period average volume

0.95xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$51.59Range
Support

Nearest Downside Decision Level

$26.71Range

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