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Stock Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Melco Resorts & Entertainment Limited - American Depositary Shares (NASDAQ:MLCO)

Bear Market Rally (-75) - MLCO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MLCO as it may be in the beginning 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.

NASDAQ_MLCO
Open High Low MLCO Price Change
7.740 7.985 7.690 7.935 +0.125
Entry Signal

MarketClub’s Trade Triangles for MLCO

long term down The long-term trend has been DOWN since May 10th, 2023 at 11.27

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 7.72

short term up The short-term trend has been UP since Jun 21st, 2024 at 7.88

Smart Scan Analysis for MLCO

Based on our trend formula, MLCO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MLCO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.740 7.985 7.690 7.935 +0.125
Prev. Close Volume Bid Ask Time
7.810 1036478 2024-06-21 15:59:43
Year High32.95Year High Date2018-05-07
Year Low15.33Year Low Date2018-11-08
52wk High13.9152wk High Date2023-07-31
52wk Low6.10252wk Low Date2024-04-19
Average Volume2,441,709Market Cap5,187M
Assets807,618,300MLiabilities935,902,500M
P/E Ratio-15.87700000Volatility69.03
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