MGM — oversold signal, 20 Aug
RSI(2)4.1
RSI(14)36.3
Close $ · flag day43.17
Off 20-day high−7.3%
Avg volume2.4M
What followed
| Date | Close $ | 5-day avg. | vs flag close |
|---|---|---|---|
| 20 Aug | 43.17 | 43.52 | +0.0% |
| 21 Aug | 43.74 | 43.45 | +1.3% |
| 24 Aug | 43.69 | 43.43 | +1.2% |
| 25 Aug | 43.34 | 43.43 | +0.4% |
| 26 Aug | 43.46 | 43.48 | +0.7% |
| 27 Aug | 42.97 | 43.44 | -0.5% |
| 28 Aug | 42.28 | 43.15 | -2.1% |
| 31 Aug | 41.36 | 42.68 | -4.2% |
| 01 Sep | 40.77 | 42.17 | -5.6% |
| 02 Sep | 41.44 | 41.76 | -4.0% |
| 03 Sep | 41.13 | 41.40 | -4.7% |
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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