MGM Resorts InternationalMGM
Auto-detected technical analysis for MGM · data as of Aug 28, 2026. The chart above is live; the read below updates daily.
MGM is currently forming a triangle on the daily timeframe. Detected Aug 28, 2026.
A triangle is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $42.56 (−8.2%).
New to this pattern? What a triangle is and how to trade it →
MGM's most recent completed falling wedge (which broke against type) resolved as a win: it broke down on Aug 31, 2026 near $41.55, then reached its target at $38.81 on Sep 16, 2026 — a 6.6% move (+0.99R) over 11 sessions. Across 137,309 backtested falling wedges, this setup wins 42.3% of the time.
Every completed pattern trade our nightly backtest found on MGM's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Falling wedge | Aug 31, 2026 @ $41.55 | Sep 16, 2026 @ $38.81 | Win | +6.6% · +0.99R |
| Falling wedge | Aug 21, 2026 @ $43.64 | Aug 31, 2026 @ $42.35 | Loss | +5.4% · -1.22R |
| Rising wedge | Jun 30, 2026 @ $47.63 | Sep 24, 2026 @ $36.71 | Win | +22.9% · +3.74R |
| Triangle | Jun 29, 2026 @ $50.23 | Jul 8, 2026 @ $46.80 | Loss | +5.2% · -0.96R |
| Rising wedge | May 27, 2026 @ $42.32 | Jun 11, 2026 @ $46.84 | Win | +7.7% · +0.98R |
| Rising wedge | May 27, 2026 @ $42.61 | Jun 11, 2026 @ $46.84 | Win | +9.6% · +0.86R |
| Triangle | Apr 27, 2026 @ $40.63 | May 12, 2026 @ $37.31 | Loss | +11.8% · -1.16R |
| Rising wedge | Apr 27, 2026 @ $40.92 | May 12, 2026 @ $37.31 | Loss | +5.7% · -1.15R |
| Triangle | Mar 23, 2026 @ $37.86 | Jun 11, 2026 @ $46.84 | Win | +12.4% · +3.38R |
| Rising wedge | Mar 20, 2026 @ $35.35 | Mar 23, 2026 @ $37.69 | Loss | +14.7% · -1.00R |
| Falling wedge | Nov 7, 2025 @ $32.75 | Nov 18, 2025 @ $30.65 | Loss | +7.3% · -1.97R |
| Rising wedge | Sep 12, 2025 @ $34.46 | Apr 17, 2026 @ $40.16 | Loss | +15.8% · -1.00R |
Historical examples from the published simulation. This selection is not a win-rate sample.
A chance to go short showed up on the weekly chart about 6 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.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 28, 2026 | $43.23 | $43.44 | $42.25 | $42.28 |
| Aug 27, 2026 | $43.63 | $43.63 | $42.80 | $42.97 |
| Aug 26, 2026 | $43.33 | $43.62 | $43.00 | $43.46 |
| Aug 25, 2026 | $43.66 | $43.76 | $43.27 | $43.34 |
| Aug 24, 2026 | $44.10 | $44.31 | $43.64 | $43.69 |
| Aug 21, 2026 | $43.23 | $43.83 | $42.86 | $43.74 |
| Aug 20, 2026 | $43.00 | $43.19 | $42.58 | $43.17 |
| Aug 19, 2026 | $43.70 | $43.70 | $42.92 | $43.22 |
| Aug 18, 2026 | $43.87 | $43.88 | $43.30 | $43.32 |
| Aug 17, 2026 | $43.94 | $44.10 | $43.56 | $43.78 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.