MGM Resorts International (MGM) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for MGM · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$45.72last close · Aug 4, 202652-week range $29.18 – $51.59 · 11.38% below the high
Descending Triangle · playing out now

MGM is breaking down from a descending triangle — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 55% of the time.

As long as price stays below $50.55, it's in play — a daily close back above there calls it off.

The move's natural target sits near $42.55.

MGM Triangle Pattern

MGM is currently forming a triangle on the daily timeframe. Detected Aug 4, 2026.

DirectionBearishTarget$42.55Projected move−8.2%Breakout level$46.38

New to this pattern? What a triangle is and how to trade it →

How Triangles Have Performed

Win rate
52.4%
Avg return
+0.36R
Backtested trades
13,619
MGM win rate
58.3%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

MGM Pattern Trade History

Every completed pattern trade our nightly backtest found on MGM's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeMay 1, 2026 @ $38.53May 20, 2026 @ $35.43Win+1.28R
TriangleApr 15, 2026 @ $37.41Apr 29, 2026 @ $39.27Win+1.12R
TriangleApr 1, 2026 @ $37.52Jun 10, 2026 @ $46.91Win+2.30R
Bullish PennantMar 13, 2026 @ $37.33Jun 10, 2026 @ $46.91Win+2.46R
Rising WedgeFeb 7, 2025 @ $34.35Feb 13, 2025 @ $40.37Loss-8.61R
Falling WedgeDec 17, 2024 @ $35.09Feb 13, 2025 @ $40.37Loss-1.56R
Rising WedgeDec 10, 2024 @ $36.39Dec 18, 2024 @ $34.31Win+1.00R
Rising WedgeOct 22, 2024 @ $40.26Oct 28, 2024 @ $41.72Loss-1.24R
Bullish PennantSep 13, 2024 @ $36.15Dec 18, 2024 @ $33.80Loss-1.18R
Falling WedgeJun 18, 2024 @ $40.61Jul 2, 2024 @ $42.33Win+1.04R
Falling WedgeAug 28, 2023 @ $42.55Sep 13, 2023 @ $41.47Loss-1.64R
TriangleJul 6, 2023 @ $41.92Jul 10, 2023 @ $45.50Loss-1.52R

MGM Support and Resistance Levels

A chance to go short showed up on the weekly chart about 3 weeks ago: price ran up to $46.94 — a level traders often watch as a target (161.8% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.

  • What it was aiming for: a drop toward support line around $40.39 below — the first place to look for a touch and take profit.
  • What would have called it off: a weekly close back above $46.94, where the turn lower would have failed.

Nearest auto-detected support sits near $29.19, resistance near $51.06. These are chart/swing-derived levels, not formula pivots.

Resistance
$51.06$51.31$51.36$51.40$51.76$59.89
Support
$29.19

MGM Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$44.67$45.81$44.45$45.72
Aug 3, 2026$44.82$45.28$44.22$44.50
Jul 31, 2026$45.39$45.57$43.94$44.57
Jul 30, 2026$45.97$46.23$45.05$45.66
Jul 29, 2026$46.05$46.26$45.48$45.83
Jul 28, 2026$46.42$46.59$45.56$46.20
Jul 27, 2026$45.65$46.40$45.62$46.30
Jul 24, 2026$45.13$46.37$45.05$45.54
Jul 23, 2026$45.37$45.37$44.82$44.99
Jul 22, 2026$45.72$45.83$45.15$45.49

MGM Frequently Asked Questions

What chart pattern is MGM forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a triangle on MGM Resorts International (MGM) on the daily chart, with a measured-move target of $42.55.
Is a triangle bullish or bearish?
The triangle detected on MGM is a bearish pattern, projecting a measured-move target of $42.55. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a triangle pattern, and what is its win rate?
Across TradingPal's backtest of the triangle family (13,619 trades over 631 symbols), it resolved in the expected direction 52.4% of the time with an average of +0.36R. These are historical statistics, not a prediction.
What are the support and resistance levels for MGM?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), MGM's nearest support is around $29.19 and nearest resistance around $51.06.
What is the price target if MGM's pattern breaks out?
The detected triangle has a geometry-based measured-move target of $42.55 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was MGM's closing price on Aug 4, 2026?
MGM Resorts International (MGM) last closed at $45.72 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.