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Stock Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

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

Strong Downtrend (-100) - MLCO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MLCO continues to fall. 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
6.6400 6.6400 6.4400 6.4653 -0.1747
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 down The short-term trend has been DOWN since Jun 27th, 2024 at 7.83

Smart Scan Analysis for MLCO

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

-100
Smart Scan Analysis for MLCO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6400 6.6400 6.4400 6.4653 -0.1747
Prev. Close Volume Bid Ask Time
6.6400 1172819 2024-07-15 15:59:33
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 Volume1,790,830Market Cap5,187M
Assets807,618,300MLiabilities935,902,500M
P/E Ratio-15.87700000Volatility69.03
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