MGM — oversold signal, 18 Aug
RSI(2)6.4
RSI(14)37.2
Close $ · flag day43.32
Off 20-day high−7.0%
Avg volume2.5M
What followed
| Date | Close $ | 5-day avg. | vs flag close |
|---|---|---|---|
| 18 Aug | 43.32 | 43.85 | +0.0% |
| 19 Aug | 43.22 | 43.70 | -0.2% |
| 20 Aug | 43.17 | 43.52 | -0.3% |
| 21 Aug | 43.74 | 43.45 | +1.0% |
| 24 Aug | 43.69 | 43.43 | +0.9% |
| 25 Aug | 43.34 | 43.43 | +0.0% |
| 26 Aug | 43.46 | 43.48 | +0.3% |
| 27 Aug | 42.97 | 43.44 | -0.8% |
| 28 Aug | 42.28 | 43.15 | -2.4% |
| 31 Aug | 41.36 | 42.68 | -4.5% |
| 01 Sep | 40.77 | 42.17 | -5.9% |
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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