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Takip Edin: @UscMarketsMGM Stock Forecast & MGM Resorts International Chart Analysis
This article provides a detailed analysis of MGM-MGM Resorts International stock including a forecast for MGM shares. It features MGM Resorts International technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
MGM Historical Data Review
MGM Current Price Performance Analysis
The MGM Resorts International - MGM stock traded on the American stock market, on 06-05-2024, closed at 40.38$ with a %2.38 increased compared to the previous day.
In the last month, the price of MGM changed by %-1.54 decreased in value, from 41.01 dollars on 05-06-2024 to 40.38 dollars, decreased.
Last year, the price of MGM was 41.31 dollars on 06-06-2023, and changed by %-2.25 decreased in value, to 40.38 dollars decreased within a year.
The price of MGM Resorts International stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
MGM with AI Stock Forecast & Price Target
On the MGM chart MGM Resorts International price was recorded as 40.38 Dollars on 06/05/2024.
The artificial intelligence's forecast on MGM stock is as follows.
The artificial intelligence's prediction error margin for MGM stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for MGM Resorts International stock over the next 4 months is: 41.7 Dollars.
The commentary on MGM stock Target Price: Highest: 45.437 Dollars is predicted.
The commentary on MGM stock Target Price: Lowest: 37.819 Dollars is predicted.
Resistance Price where MGM Resorts International stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 44.709 |
| 01-01-2025 | 45.437 |
Support Price where MGM Resorts International stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 11-07-2024 | 40.156 |
| 03-27-2025 | 37.819 |
The commentary on MGM stock: Fluctuations in the target price can be expected in the coming days.
The target price for MGM Resorts International stock by the end of 2024 is predicted to be 45.42 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MGM stock, and the 2024 target price predictions for MGM Resorts International are detailed above.
The technical analysis and charts for the commentary on MGM stock are below.
MGM Support & Resistance and Trend Analysis
MGM stock you have reviewed the technical analysis support resistance charts regarding.
MGM : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MGM review, the MGM Resorts International support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
MGM Resorts International Support and Resistance Prices:
| MGM Support Level Price | MGM Resistance Level Price |
|---|---|
| 38.03 | 41.31 |
| 38.64 | 42.14 |
| 39.09 | 43.62 |
| 41.25 | 43.95 |
| 41.27 | 44.45 |
| 41.30 | 45.58 |
| 42.30 | 45.91 |
| 43.44 | 47.53 |
| 48.25 |
MGM Technical Analysis: SMA, RSI, MACD
Upon reviewing the MGM chart, buy and sell signals have been generated in the MGM Resorts International technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MGM stock are as follows:- MGM technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for MGM Resorts International gave a 'Buy' signal when the RSI was at 27.081, with the current RSI value at 43.39.
- The technical analysis for MGM indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for MGM Resorts International issued a 'Buy' signal when the MACD was at -0.708, with the current MACD value being: -0.6
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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