MGP.L Forecast and Technical Stock Analysis

Hold candidate since 2019-07-17 Gain 3.13%

MGM Growth Properties LLC gained 3.13% in the last trading day ( Thursday, 18th Jul 2019 ), rising from £1.28 to £1.32 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 5.60% from a day low at £1.25 to a day high of £1.32. The price has been going up and down for this period, and there has been a 3.13% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 22 406 more shares were traded than the day before. In total, 55 401 shares bought and sold for approximately £73 129.30.

Quick summary:

  • 30 day high of the MGP.L stock price was £1.42 and low was £1.12.
  • 90 day high was £1.60 and low was £1.12.
  • 52 week high for the MGM Growth Properties LLC - £151.60 and low - £1.07.
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MGM Growth Properties LLC lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £1.34 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.11% during the next 3 months and, with 90% probability hold a price between £0.83 and £1.06 at the end of this period.

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A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. MGM Growth Properties LLC has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. MGM Growth Properties LLC holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £1.33. On a fall, the stock will find some support from the short-term average at £1.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 80 ]

RSI14 is 68 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

MGM Growth Properties LLC finds support from accumulated volume at £1.28.

Support: £1.28 Price: £1.32 Resistance: £1.49


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 £0.07 (5.60%) between high and low. For the last week, the stock has had a daily average volatility of 4.20%.

Our recommended stoploss: £1.26 (-4.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

4.20 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded


MGM Growth Properties LLC holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Will MGP.L stock price go up or down on Mon, 22 Jul 2019?

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