MGM Wave Analysis – 24 September 2026

MGM: ⬇️ Sell

– MGM broke support zone

– Likely to fall to support level 32.00

MGM Resorts (MGM) recently broke the support zone located between the support level 36.00 (which previously stopped waves 2 and 4 in May) and the support trendline of the daily up channel from December.

The breakout of this support zone created the wide downward gap – that should add to the bearish pressure on MGM Resorts.

Given the strong downward momentum, MGM Resorts can be expected to fall further toward the next key support level 32.00 – former multi-month support from January.