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Melco Resorts & Entertainment Ltd ADR (MLCO) Stock: Uncovering 52-Week Market Trends

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Melco Resorts & Entertainment Ltd ADR’s current trading price is -37.74% away from its 52-week high, while its distance from the 52-week low is 32.35%. The stock’s price range during this period has varied between $6.80 and $14.45. The company, active in the Consumer Cyclical sector, saw a trading volume of around 1.14 million for the day, considerably lower average daily volume of 3.2 million observed over the last three months.

Melco Resorts & Entertainment Ltd ADR’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $14.45 on 04/20/23, and the lowest price during that time was $6.80, recorded on 11/30/23.

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How Financial Performance Impacts Market Capitalization

Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a quarterly rise of 19.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.93B and boasts a workforce of 16908 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 8.36, with a change in price of -1.39. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 2,914,359 in trading volume during the last 100 days, posting a change of -13.40%.

MLCO Stock Stochastic Average

As of today, the raw stochastic average of Melco Resorts & Entertainment Ltd ADR over the last 50 days is at 80.25%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 93.40%. Further, the company’s Stochastic %K and %D values for the last 20 days were 88.25% and 76.63%, respectively.

MLCO Stock Price Performance Analysis

The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The index has shown a price gain of 1.47% this year. Over the last six months, there has been a stronger performance of -28.68%. The price of MLCO fallen by 4.53% during the last 30 days period. For the last 5-days stocks have improved 10.57%.

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