MGM Resorts International (MGM) Chart Patterns, Support & Resistance & Technical Analysis
Auto-detected technical analysis for MGM · data as of Jun 25, 2026. The chart above is live; the read below updates daily.
$47.20last close · Jun 25, 2026
MGM Rising Wedge Pattern
No chart pattern is currently detected on MGM. The most recent was a Rising Wedge, detected Apr 24, 2026.
A Rising Wedge is a brief, tidy pause that typically continues the move higher. It projects a measured-move target near $43.59 (+12.2%). Across 14,154 backtested rising wedges, the setup followed through 49.3% of the time, averaging +0.13R; MGM's own rising wedges have hit 50.0%.
MGM's most recent completed Rising Wedge resolved as a win: it broke higher on Apr 27, 2026 near $40.55, then reached its target at $43.59 on May 29, 2026 — a +0.63R move (7.5%) over 23 sessions. Across 122 backtested rising wedges, this setup wins 54.1% of the time.
OutcomeWinResult+0.63REntry$40.55Exit$43.59
How Rising Wedges have performed
Win rate
49.3%
Avg return
+0.13R
Backtested trades
14,154
MGM win rate
50.0%
Historical pattern statistics (1986-12-18 – 2026-06-11), not a prediction.
MGM support and resistance levels
Price found a floor near $36.24 about 5 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $51.35 — still about 5% away.
Traders commonly watch $51.35 as a target (its 100% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
Nothing here is a signal to act — the long would have set up at the $36.24 floor about 5 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh entry.
Nearest auto-detected support sits near $36.20, resistance near $49.95. These are chart/swing-derived levels, not formula pivots.
No pattern is currently detected on MGM. The most recent was a Rising Wedge, detected Apr 24, 2026.
Is a Rising Wedge bullish or bearish?
The Rising Wedge detected on MGM is a bullish pattern, projecting a measured-move target of $43.59. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Rising Wedge pattern, and what is its win rate?
Across TradingPal's backtest of the Rising Wedge family (14,154 trades over 516 symbols), it resolved in the expected direction 49.3% of the time with an average of +0.13R. 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 Jun 25, 2026), MGM's nearest support is around $36.20 and nearest resistance around $49.95.
What is the price target if MGM's pattern breaks out?
The detected Rising Wedge has a geometry-based measured-move target of $43.59 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was MGM's closing price on Jun 25, 2026?
MGM Resorts International (MGM) last closed at $47.20 on Jun 25, 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.
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