updated 2026-07-24 09:49 UTC
MGM — oversold signal, 05 May
short term
3.1 RSI(2)
47.8 RSI(14)
37.91 close $ on flag day
−7.4% off 20-day high
4.5M avg daily volume
What followed
Date Close $
5-day avg. vs flag close 05 May 37.91 38.57 +0.0% 06 May 38.21 38.36 +0.8% 07 May 38.11 38.19 +0.5% 08 May 38.79 38.25 +2.3% 11 May 37.30 38.06 -1.6% 12 May 36.90 37.86 -2.7% 13 May 37.41 37.70 -1.3% 14 May 36.81 37.44 -2.9% 15 May 36.97 37.08 -2.5% 18 May 37.09 37.04 -2.2% 19 May 36.02 36.86 -5.0%
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
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recommendation — decisions are yours alone. Figures shown are backtested
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