MGM — oversold signal, 01 May
RSI(2)9.3
RSI(14)51.9
Close $ · flag day38.50
Off 20-day high−6.0%
Avg volume4.4M
What followed
| Date | Close $ | 5-day avg. | vs flag close |
|---|---|---|---|
| 01 May | 38.50 | 39.40 | +0.0% |
| 04 May | 38.24 | 38.94 | -0.7% |
| 05 May | 37.91 | 38.57 | -1.5% |
| 06 May | 38.21 | 38.36 | -0.8% |
| 07 May | 38.11 | 38.19 | -1.0% |
| 08 May | 38.79 | 38.25 | +0.8% |
| 11 May | 37.30 | 38.06 | -3.1% |
| 12 May | 36.90 | 37.86 | -4.2% |
| 13 May | 37.41 | 37.70 | -2.8% |
| 14 May | 36.81 | 37.44 | -4.4% |
| 15 May | 36.97 | 37.08 | -4.0% |
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.
Research chart
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