What chart pattern is ChartPattern.io tracking on MGM Resorts?
ChartPattern.io is currently tracking Double Bottom on MGM Resorts in the Consumer Discretionary stock. Secondary context includes Double Bottom.
Live Consumer Discretionary stock scanner page for MGM Resorts. Review the double bottom setup, chart structure, and trade levels in one place.
A clear signal has emerged for MGM Resorts (MGM) on the daily chart. The stock is trading at $28.54, up 1.71% on the day. Algorithmically, a Double Bottom structure has completed. Volume is average (1.06x avg) with moderate trend strength (31.2). A potential breakout level is identified at $39.78, targeting $51.87 with support near $33.73 (R:R 2.0).
MGM is part of the Consumer Discretionary stock on ChartPattern.io. The scanner currently highlights Double Bottom as the leading setup, with an entry near $39.78, a stop around $33.73, and a target near $51.87.
Double Bottom
59/100 CP Index
Entry $39.78 · Stop $33.73 · Target $51.87
A clean Double Bottom often precedes a big move. Validate your entry.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
What is your outlook on MGM?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on MGM.
ChartPattern.io is currently tracking Double Bottom on MGM Resorts in the Consumer Discretionary stock. Secondary context includes Double Bottom.
The current trade plan points to an entry near $39.78, a stop near $33.73, and a target near $51.87.
MGM Resorts currently leans neutral. The page is showing a CP Index of 59/100, which helps summarize the current technical setup.