Where Will Melco Resorts & Entertainment Ltd (MLCO) Stock Go Next After It Is Up 7.95% in a Week?

The market has been neutral on Melco Resorts & Entertainment Ltd (MLCO) stock recently. MLCO gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Melco Resorts & Entertainment Ltd has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on MLCO!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MLCO Stock Today?

Melco Resorts & Entertainment Ltd (MLCO) stock is trading at $5.43 as of 9:48 AM on Thursday, Aug 11, a rise of $0.23, or 4.33% from the previous closing price of $5.20. The stock has traded between $5.28 and $5.44 so far today. Volume today is low. So far 37,451 shares have traded compared to average volume of 3,024,241 shares.

More About Melco Resorts & Entertainment Ltd

Melco Resorts is one of only six licenced casino operators in Macao, the only region in China with legalized gambling. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium-end patrons; and Mocha Clubs electronic gaming machines. In addition, the company also has a majority interest in Studio City opened in October 2015. Outside Macao, Melco also owns City of Dreams Manila in Philippines, and City of Dreams Mediterranean in Cyprus. The business mix in term of adjusted EBITDA was about 84% from Macao, and the rest largely from Philippines as of the prepandemic 2019 levels. Click Here to get the full Stock Report for Melco Resorts & Entertainment Ltd stock.