MGM Resorts Stock Forecast - Daily Balance Of Power
| MGM Stock | USD 38.34 0.97 2.60% |
MGM Stock Forecast is based on your current time horizon. Although MGM Resorts' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MGM Resorts' systematic risk associated with finding meaningful patterns of MGM Resorts fundamentals over time.
MGM |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.75 | 0.4414 |
| Check MGM Resorts Volatility | Backtest MGM Resorts | Trend Details |
MGM Resorts Trading Date Momentum
| On October 30 2024 MGM Resorts International was traded for 41.41 at the closing time. Highest MGM Resorts's price during the trading hours was 42.07 and the lowest price during the day was 41.15 . The net volume was 6.4 M. The overall trading history on the 30th of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.38% . The trading delta at closing time to current price is 13.19% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare MGM Resorts to competition |
Other Forecasting Options for MGM Resorts
For every potential investor in MGM, whether a beginner or expert, MGM Resorts' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MGM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MGM. Basic forecasting techniques help filter out the noise by identifying MGM Resorts' price trends.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 International Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MGM Resorts' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of MGM Resorts' current price.| Cycle Indicators | ||
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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.
| Accumulation Distribution | 48915.39 | |||
| Daily Balance Of Power | 0.97 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 37.96 | |||
| Day Typical Price | 38.09 | |||
| Price Action Indicator | 0.87 | |||
| Period Momentum Indicator | 0.97 |
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 | 1.5 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.62 |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MGM Resorts to cross-verify your projections. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.326 | Earnings Share 2.79 | Revenue Per Share 54.26 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0254 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.