MGM Resorts Stock Forecast - Daily Balance Of Power
| MGM Stock | USD 39.44 2.17 5.22% |
MGM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MGM Resorts stock prices and determine the direction of MGM Resorts International's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MGM Resorts' historical fundamentals, such as revenue growth or operating cash flow patterns. 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.
Check out Historical Fundamental Analysis of MGM Resorts to cross-verify your projections. MGM |
Open Interest Against 2024-05-03 MGM Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MGM Resorts' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in MGM Resorts' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MGM Resorts stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current MGM Resorts' open interest, investors have to compare it to MGM Resorts' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of MGM Resorts is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in MGM. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in MGM Resorts cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the MGM Resorts' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MGM Resorts' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of MGM Resorts International market sensitivity to bulls and bears. It estimates the ability of MGM Resorts buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring MGM Resorts Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.10) | (1.11) |
| Check MGM Resorts Volatility | Backtest MGM Resorts | Information Ratio |
MGM Resorts Trading Date Momentum
| On April 30 2024 MGM Resorts International was traded for 39.44 at the closing time. Highest MGM Resorts's price during the trading hours was 41.30 and the lowest price during the day was 39.35 . The net volume was 5.8 M. The overall trading history on the 30th of April did not cause price change. The trading delta at closing time to current price is 4.64% . |
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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 | 274227.0 | |||
| Daily Balance Of Power | (1.11) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 40.33 | |||
| Day Typical Price | 40.03 | |||
| Price Action Indicator | (1.97) | |||
| Period Momentum Indicator | (2.17) | |||
| Relative Strength Index | 35.83 |
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 | 1.16 | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.06 |
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.
MGM Resorts Investors Sentiment
The influence of MGM Resorts' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in MGM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to MGM Resorts' public news can be used to forecast risks associated with an investment in MGM. The trend in average sentiment can be used to explain how an investor holding MGM can time the market purely based on public headlines and social activities around MGM Resorts International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MGM Resorts' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MGM Resorts' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average MGM Resorts' news discussions. The higher the estimated score, the more favorable is the investor's outlook on MGM Resorts.
MGM Resorts Implied Volatility | 113.79 |
MGM Resorts' implied volatility exposes the market's sentiment of MGM Resorts International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if MGM Resorts' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that MGM Resorts stock will not fluctuate a lot when MGM Resorts' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MGM Resorts in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MGM Resorts' short interest history, or implied volatility extrapolated from MGM Resorts options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MGM Resorts to cross-verify your projections. Note that the MGM Resorts International information on this page should be used as a complementary analysis to other MGM Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for MGM Stock analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.
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Is MGM Resorts' industry 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 0.342 | Earnings Share 3.19 | Revenue Per Share 45.414 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0225 |
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.