MGM

MGM ResortsConsumer Discretionary

$45.54+1.22%

Ascending Triangle Symmetrical Triangle Rounding Bottom

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$45.54

MAYJUNJUL

Validate this Pattern

A clean Ascending Triangle often precedes a big move. Validate your entry.

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Quick Actions

Trade Plan: Rounding Bottom

Risk/Reward

1:2

Entry

$50.55

Stop

$42.93

Target

$65.78

Chart Pattern

Ascending Triangle

Bullish continuation pattern.

Symmetrical Triangle

Consolidation. Can break either way.

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

Market participants tracking MGM Resorts should note the latest formation. The stock is trading at $45.54, up 1.22% on the day. Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $50.55, targeting $65.78 with support near $42.93 (R:R 2.0).

Community Sentiment

What is your outlook on MGM?

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