MGM — oversold signal, 28 Aug
RSI(2)4.6
RSI(14)32.5
Close $ · flag day42.28
Off 20-day high−8.4%
Avg volume2.2M
What followed
| Date | Close $ | 5-day avg. | vs flag close |
|---|---|---|---|
| 28 Aug | 42.28 | 43.15 | +0.0% |
| 31 Aug | 41.36 | 42.68 | -2.2% |
| 01 Sep | 40.77 | 42.17 | -3.6% |
| 02 Sep | 41.44 | 41.76 | -2.0% |
| 03 Sep | 41.13 | 41.40 | -2.7% |
| 04 Sep | 41.22 | 41.18 | -2.5% |
| 08 Sep | 40.74 | 41.06 | -3.6% |
| 09 Sep | 40.66 | 41.04 | -3.8% |
| 10 Sep | 40.73 | 40.90 | -3.7% |
| 11 Sep | 39.89 | 40.65 | -5.7% |
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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