MGM — oversold signal, 05 May
RSI(2)3.1
RSI(14)47.8
Close $ · flag day37.91
Off 20-day high−7.4%
Avg volume4.5M
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.
Research chart
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