MGM Resorts International

Following a parabolic peak, MGM has collapsed into a lower-high consolidation beneath falling short-term EMAs, signaling Stage 3 distribution. The primary Post-Parabola Collapse pattern indicates a full unwind of speculative excess, supporting a medium-term bearish bias. Short-term price remains below the declining 9 and 21 EMAs, which now serve as resistance. Execution is favorable to Sell Now into the 9/21 EMA resistance zone.

• ↑Q1 2026 revenue grew 4% to $3.2B, led by Las Vegas group bookings
• ↑BetMGM posted Q1 EBITDA of $22M and aims for $500M annual EBITDA
• ↓Segment-adjusted EBITDA fell by $62M, driven by $37M Las Vegas self-insurance costs