US stock / ETF

MGM RESORTS INTERNATIONAL

MGM · NYSE · USD

4 hoursBearish68%
4h Downside probability 68%Bearish

MGM 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $47.04 and stabilize above resistance $48.87.

Invalidation Trigger

Break above $48.87 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 43.3, MACD -0.015

4h
Volatility EnvironmentRange
Low volatility

ATR is $0.7398 (1.59%)

4h

EMA Structure

Bearish
EMA 8$46.95Bearish
EMA 21$47.04Bearish
EMA 50$47.13Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.3 · MACD -0.015

Momentum is weak

Strength
Bearish
Volatility
ATR $0.7398 · BB 4.83%

Low volatility

Strength
Range
Volume
MFI 28.6 · OBV -1.24%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$46.1 - $48.87

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+6.7% · 4.2 ATR above latest close

$49.61
Nearest resistance

+5.11% · 3.2 ATR above · 34-bar high

$48.87
Current price

Price shown is delayed

$46.5
Nearest support

-0.85% · 0.5 ATR below · 34-bar low

$46.1
Deeper support zone

-2.44% · 1.5 ATR below latest close

$45.36
ATR zone

Latest close ± ATR14

$45.76 - $47.24

Indicators

Trend

Dow Theory Structure

Confirmation $48.87, invalidation $46.19

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

Trend strength is active

46.8 / 29.1 / 11.0Bullish
Supertrend (10,3)

Price is above Supertrend

$44.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$47.58 / $48.41Bearish
Donchian Channel (20)

20-period breakout channel position

13%Bearish

Volatility

ATR (14)

Low volatility

$0.7398 (1.59%)Range
Bollinger Bands (20,2)

Width 4.83%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$48.74 / $45.32Range
ATR channel lower / upper

Current Volatility Envelope

$45.76 / $47.24Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$48.87Range
Support

Nearest Downside Decision Level

$46.1Range

Momentum

RSI (14)

Momentum is weak

43.3Bearish
MACD (12,26,9)

Histogram is negative

-0.015Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.4 / 18.0Bearish
Williams %R (14)

Oversold zone

-88.6Bullish
CCI (20)

Balanced zone

-51.1Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

28.6Bearish
OBV slope

20-period OBV slope

-1.24%Bearish
Volume ratio

Relative to 20-period average volume

1.22xBullish

Trend

Dow Theory Structure

Confirmation $48.87, invalidation $46.19

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

Trend strength is active

46.8 / 29.1 / 11.0Bullish
Supertrend (10,3)

Price is above Supertrend

$44.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$47.58 / $48.41Bearish
Donchian Channel (20)

20-period breakout channel position

13%Bearish

Momentum

RSI (14)

Momentum is weak

43.3Bearish
MACD (12,26,9)

Histogram is negative

-0.015Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.4 / 18.0Bearish
Williams %R (14)

Oversold zone

-88.6Bullish
CCI (20)

Balanced zone

-51.1Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$0.7398 (1.59%)Range
Bollinger Bands (20,2)

Width 4.83%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$48.74 / $45.32Range
ATR channel lower / upper

Current Volatility Envelope

$45.76 / $47.24Range

Volume / Money Flow

MFI (14)

Money flow is weak

28.6Bearish
OBV slope

20-period OBV slope

-1.24%Bearish
Volume ratio

Relative to 20-period average volume

1.22xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$48.87Range
Support

Nearest Downside Decision Level

$46.1Range

Related Forecasts