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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Melco Resorts & Entertainment Limited - American Depositary Shares (NASDAQ:MLCO)
Bull Market Weakness (+75) - MLCO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MLCO as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MLCO?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MLCO
The long-term trend has been DOWN since May 10th, 2023 at 11.27
The intermediate-term trend has been UP since May 6th, 2024 at 7.32
The short-term trend has been UP since Apr 25th, 2024 at 6.33
Smart Scan Analysis for MLCO
Based on our trend formula, MLCO is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.630 | 7.840 | 7.505 | 7.835 | +0.165 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.670 | 6282885 | 2024-05-08 15:59:34 |
| Year High | 32.95 | Year High Date | 2018-05-07 |
| Year Low | 15.33 | Year Low Date | 2018-11-08 |
| 52wk High | 13.91 | 52wk High Date | 2023-07-31 |
| 52wk Low | 6.102 | 52wk Low Date | 2024-04-19 |
| Average Volume | 4,409,983 | Market Cap | 5,187M |
| Assets | 833,507,200M | Liabilities | 962,235,200M |
| P/E Ratio | -15.87700000 | Volatility | 69.03 |