MLCO NEWS why is Melco Resorts & Entertainment Limited price falling or rising

MLCO NEWS reasons for why stock price of Melco Resorts & Entertainment Limited is falling or rising

MLCO Melco Resorts is falling or rising technical reasons

Technical analysis forecast for Melco Resorts Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Melco Resorts MLCO at this time. Stock is falling and might fall more.

It appears as if Melco Resorts MLCO gave a large move recently.

Stock of Melco Resorts (MLCO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Melco Resorts is bearish for shortterm, and stock might move down till 6.2 or till 5.8. Use a stoploss of 6.66 and if the stock hits stoploss, then it can shoot up till 7.07

MLCO Melco Resorts is falling or rising NEWS fundamental reasons

More announcements and NEWS

MLCO Melco Resorts & Entertainment Limited current price & indicator signals

Moving Averages for Melco Resorts & Entertainment Limited

  • 5Day Average: 6.47
  • 12Day Average: 6.39
  • 20Day Average: 6.69
  • 50Day Average: 7.15
  • 100Day Average: 7.83
  • 150Day Average: 7.88
  • 200Day Average: 8.69

MLCO Indicators & signals

Indicator MACD (12,26,9)

6.52, 6.75, -0.26
Indicator MACD is in negative zone

Indicator ADX (14)

22.22, 35.48, 22.58
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MLCO Melco Resorts & Entertainment Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Wed May 2024 6.59 6.46 to 6.78 0.76% 1.29 times
30 Tue Apr 2024 6.54 6.54 to 7.17 -0.61% 1.73 times
29 Mon Apr 2024 6.58 6.51 to 6.71 3.79% 1.55 times
26 Fri Apr 2024 6.34 6.29 to 6.53 0.48% 0.63 times
25 Thu Apr 2024 6.31 6.18 to 6.39 0.64% 0.55 times
24 Wed Apr 2024 6.27 6.11 to 6.31 1.13% 0.9 times
23 Tue Apr 2024 6.20 6.18 to 6.33 0.49% 0.64 times
22 Mon Apr 2024 6.17 6.11 to 6.30 0.33% 0.72 times
19 Fri Apr 2024 6.15 6.10 to 6.28 -1.28% 0.55 times
18 Thu Apr 2024 6.23 6.18 to 6.45 -2.66% 0.9 times
17 Wed Apr 2024 6.40 6.30 to 6.89 -7.11% 1.83 times
16 Tue Apr 2024 6.89 6.77 to 6.91 -0.86% 0.46 times

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MLCO NEWS why is Melco Resorts & Entertainment Limited price falling or rising

 

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