MGM Growth Properties LLC Forecast and Stock Analysis
Technical MGP stock analysis for Tuesday May 21, 2019.
|Shorts||4.16% ( 2019-04-15 )|
|Price to book||USD 4.63|
|Next Earnings Date||2019-08-05|
MGM Growth Properties LLC gained 0.57% in the last trading day ( Tuesday, 21st May 2019 ), rising from $31.47 to $31.65 During day the stock fluctuated 1.05% from a day low at $31.50 to a day high of $31.83. The price has fallen in 6 of the last 10 days , but is still up by 0.32% over the past 2 weeks. Volume fell in the last day by -485 087 shares, and in total, 448 956 shares bought and sold for approximately $14.21 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the MGP stock price was $33.06 and low was $30.92.
- 90 day high was $33.30 and low was $29.36.
- 52 week high for the MGM Growth Properties LLC - $33.30 and low - $25.50.
MGM Growth Properties LLC lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.58% during the next 3 months and, with 90% probability hold a price between $32.81 and $35.66 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. MGM Growth Properties LLC holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $31.68 and $32.15. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
MGM Growth Properties LLC finds support from accumulated volume at $31.42.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.33 (1.05%) between high and low. For the last week, the stock has had a daily average volatility of 1.64%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.64 %Average volatility
Very Low Low Medium High Very High
The MGM Growth Properties LLC stock holds several negative signals and despite the positive trend we believe MGM Growth Properties LLC will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|MGP $31.65 ($0.18 0.57%)|
MGP is up $0.18 today, but where's it headed in 2019?
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