
Technical analysis of MGM Resorts International (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
MGM Resorts International is a gaming and entertainment company that operates casino resorts in the United States, China, and internationally. The company offers gaming services, lodging, convention facilities, dining, entertainment, and other resort amenities, as well as online games and sports betting through its digital platforms. It serves diverse customer segments including premium gaming customers, leisure and business travelers, and group customers.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 16, 2026, computed on the last 12 months of prices.
21 sessions
31.94 $
−10.45%
50 sessions
37.83 $
−24.40%
200 sessions
39.38 $
−27.37%
s2
28.79
Support
s1
29.13
Support
pivot
29.45
Pivot
r1
29.79
Resistance
r2
30.11
Resistance
In the October 16, 2026 session MGM Resorts International closed lower at 28.60 $, −2.99% versus the previous session.
The price sits below every moving average observed: −10.45% against the 21-session average, −24.40% against the 50 and −27.37% against the 200.
The 14-period RSI reads 17.6, in oversold territory.
MACD stands at -2.702 against a signal line at -2.835: the histogram is positive (+0.133).
ADX reads 60.7, indicating a marked directionality.
Levels computed on the latest session place supports at 29.13 and 28.79 $ and resistances at 29.79 and 30.11 $, around a pivot of 29.45.
The average daily range (ATR) is 1.033 $, or 3.61% of price.
Turnover was 5.9M shares, 99% of the 20-session average.
Over the last twelve months the price ranged between 28.43 and 51.56 $, and today stands −44.53% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is MGM Resorts International analysed technically?
Technical analysis of MGM Resorts International is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for MGM Resorts International?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to MGM Resorts International?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to MGM Resorts International it helps frame the technical structure of the historical chart and is not a forecast.
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