updated 2026-07-24 09:49 UTC
MGM — oversold signal, 04 May
short term
5.9 RSI(2)
50.1 RSI(14)
38.24 close $ on flag day
−6.6% off 20-day high
4.5M avg daily volume
What followed
Date Close $
5-day avg. vs flag close 04 May 38.24 38.94 +0.0% 05 May 37.91 38.57 -0.9% 06 May 38.21 38.36 -0.1% 07 May 38.11 38.19 -0.3% 08 May 38.79 38.25 +1.4% 11 May 37.30 38.06 -2.5% 12 May 36.90 37.86 -3.5% 13 May 37.41 37.70 -2.2% 14 May 36.81 37.44 -3.7% 15 May 36.97 37.08 -3.3% 18 May 37.09 37.04 -3.0%
The rule flags the close; the
strategy's exit is the first close above the 5-day average, or six trading
days, whichever comes first. Shown for research — not every flag is traded.
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Closing Note is an automated market scanner: it reports
what a fixed, published rule flags, and tracks what that rule would have
done. It is not investment advice, portfolio management, or a
recommendation — decisions are yours alone. Figures shown are backtested
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