REPORTING FOR 2019-11-11 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MLCO has been trading over the last 2 weeks and the past day especially. On its latest session, Melco Resorts & Entertainment Limited ($MLCO) opened at 21.84, reaching a high of 22.22 and a low of 21.75 before closing at a price of 22.19. There was a total volume of 795521.
VOLUME INDICATORS FOR MELCO RESORTS & ENTERTAINMENT LIMITED ($MLCO): We saw an accumulation-distribution index of 67.72164, an on-balance volume of 22.05, chaikin money flow of 1.47368 and a force index of 0.1161. There was an ease of movement rating of -0.0017, a volume-price trend of 0.56769 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR MELCO RESORTS & ENTERTAINMENT LIMITED ($MLCO): We noted an average true range of 0.41047, bolinger bands of 21.97971, an upper bollinger band of 21.64029, lower bollinger band of 21.75, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 21.93667, high band keltner channel of 21.55667, low band keltner channel of 22.31667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 21.75, a donchian channel low band of 21.75, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR MELCO RESORTS & ENTERTAINMENT LIMITED ($MLCO): We calculated a Moving Average Convergence Divergence (MACD) of 0.00269, a MACD signal of 0.0015, a MACD difference of 0.0012, a fast Exponential Moving Average (EMA) indicator of 21.75, a slow Exponential Moving Average (EMA) indicator of 21.75, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.2731, a trix of 3.32032, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -0.532, a KST Oscillator (KST) of 25.07324 and a KST Oscillator (KST Signal) of 25.07324 (leaving a KST difference of 1.41389). We also found an Ichimoku rating of 22.03, an Ichimoku B rating of 22.03, a Ichimoku visual trend A of 21.6283, an Ichimoku visual trend B of 21.6251, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.
MOMENTUM INDICATORS FOR MELCO RESORTS & ENTERTAINMENT LIMITED ($MLCO): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 85.53064, a stochastic oscillator of 123.68421, a stochastic oscillator signal of 123.68421, a Williams %R rating of 23.68421 and an awesome oscillator of 0.06167.
RETURNS FOR MELCO RESORTS & ENTERTAINMENT LIMITED ($MLCO): There was a daily return of 2.50732, a daily log return of 0.55021 and a cumulative return of 0.55172.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-11 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Melco Resorts & Entertainment Limited ($MLCO)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Melco Resorts & Entertainment Limited ($MLCO) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.