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Stock Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

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

Long-Term Downtrend (-90) - MLCO is in a strong downtrend that is likely to continue. While MLCO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
9.7100 9.9800 9.7100 9.8681 +0.2481
Entry Signal

MarketClub’s Trade Triangles for MLCO

long term down The long-term trend has been DOWN since May 10th, 2023 at 11.270

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2023 at 12.510

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 10.175

Smart Scan Analysis for MLCO

Based on our trend formula, MLCO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MLCO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.7100 9.9800 9.7100 9.8681 +0.2481
Prev. Close Volume Bid Ask Time
9.6200 552118 2023-09-22 11:16:33
Year High32.95Year High Date2018-05-07
Year Low15.33Year Low Date2018-11-08
52wk High14.45552wk High Date2023-04-20
52wk Low4.72552wk Low Date2022-10-28
Average Volume2,341,694Market Cap5,187M
Assets888,031,900MLiabilities998,557,600M
P/E Ratio-15.87700000Volatility69.03
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