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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Melco Resorts is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7.7 as stoploss in an intra day buy trade for a target of 7.98. However, stock will show a bearish move below 7.7.

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: 7.93
  • 12Day Average: 8.02
  • 20Day Average: 8.18
  • 50Day Average: 7.5
  • 100Day Average: 7.7
  • 150Day Average: 7.81
  • 200Day Average: 8.12

MLCO Indicators & signals

Indicator MACD (12,26,9)

8, 7.93, 0.14
Indicator MACD is in positive zone

Indicator ADX (14)

6.67, 22.58, 25.81
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
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
14 Fri Jun 2024 7.78 7.65 to 7.97 -3.35% 0.59 times
13 Thu Jun 2024 8.05 7.81 to 8.19 2.55% 1.16 times
12 Wed Jun 2024 7.85 7.77 to 7.98 -0.38% 1.02 times
11 Tue Jun 2024 7.88 7.82 to 8.08 -2.84% 1.16 times
10 Mon Jun 2024 8.11 7.94 to 8.12 0.75% 0.52 times
07 Fri Jun 2024 8.05 8.05 to 8.25 -0.86% 0.39 times
06 Thu Jun 2024 8.12 8.05 to 8.26 0.25% 0.44 times
05 Wed Jun 2024 8.10 8.01 to 8.31 -1.7% 1.06 times
04 Tue Jun 2024 8.24 8.01 to 8.27 0.98% 1.2 times
03 Mon Jun 2024 8.16 7.85 to 8.18 4.08% 1.43 times
31 Fri May 2024 7.84 7.77 to 8.10 -2.73% 1.6 times
30 Thu May 2024 8.06 7.90 to 8.11 0.25% 0.89 times

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

 

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