Closing Note
updated 2026-07-24 14:52 UTC

MGM — oversold signal, 04 May

short term
RSI(2)5.9
RSI(14)50.1
Close $ · flag day38.24
Off 20-day high−6.6%
Avg volume4.5M

What followed

DateClose $ 5-day avg.vs flag close
04 May38.2438.94+0.0%
05 May37.9138.57-0.9%
06 May38.2138.36-0.1%
07 May38.1138.19-0.3%
08 May38.7938.25+1.4%
11 May37.3038.06-2.5%
12 May36.9037.86-3.5%
13 May37.4137.70-2.2%
14 May36.8137.44-3.7%
15 May36.9737.08-3.3%
18 May37.0937.04-3.0%

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.

Research chart

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From the oversold list of 04 May. The freshest lists go out in the daily alert at 21:30 CET.