MGM Resorts Stock Forecast - Accumulation Distribution
| MGG Stock | EUR 33.49 0.34 1.03% |
MGM Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of MGM Resorts' historical fundamentals, such as revenue growth or operating cash flow patterns.
MGM |
| Check MGM Resorts Volatility | Backtest MGM Resorts | Trend Details |
MGM Resorts Trading Date Momentum
| On December 27 2024 MGM Resorts International was traded for 33.28 at the closing time. The highest daily price throughout the period was 33.37 and the lowest price was 33.28 . There was no trading activity during the period 2.0. Lack of trading volume on 12/27/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 1.56% . The trading delta at closing time to current closing price is 0.98% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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MGM Resorts Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MGM Resorts stock to make a market-neutral strategy. Peer analysis of MGM Resorts could also be used in its relative valuation, which is a method of valuing MGM Resorts by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MGM Resorts Market Strength Events
Market strength indicators help investors to evaluate how MGM Resorts stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MGM Resorts shares will generate the highest return on investment. By undertsting and applying MGM Resorts stock market strength indicators, traders can identify MGM Resorts International entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 33.49 | |||
| Day Typical Price | 33.49 | |||
| Price Action Indicator | 0.17 | |||
| Period Momentum Indicator | 0.34 | |||
| Relative Strength Index | 48.11 |
MGM Resorts Risk Indicators
The analysis of MGM Resorts' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in MGM Resorts' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mgm stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.38 | |||
| Standard Deviation | 1.82 | |||
| Variance | 3.31 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in MGM Stock
When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.