MLCO Price Prediction Next Week
Analysis and Insights
To predict the stock price of Melco Resorts & Entertainment (MLCO) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- Price Trends: MLCO is currently trading at $5.57, with a 14-day RSI of 45.69, indicating a neutral position but leaning towards oversold territory.
- MACD: The MACD line is slightly below the signal line, suggesting a bearish trend in the short term.
- Fibonacci Levels: The stock is approaching a resistance level at $5.77 (Fibonacci R1) and $5.90 (Fibonacci R2). Support levels are at $5.36 (Fibonacci S1) and $5.23 (Fibonacci S2).
News Sentiment:
- Positive News: Macau's gaming revenue increased by 6.8% year-over-year in February, surpassing expectations and indicating a recovery in the sector.
- Negative News: Analysts remain cautious due to U.S.-China trade tensions and the impact on high-value Chinese players.
Options Strategy:
- Covered Call: An investor can buy MLCO at $5.58 and sell a covered call at a $6.00 strike price, potentially earning a 12.01% return if the stock is called away by May 16th.
Conclusion:
Based on the analysis, MLCO is expected to trade between $5.36 and $5.77 next week. Considering the bearish technical indicators and mixed news sentiment, it is recommended to sell MLCO at the resistance level of $5.77 with a target price of $5.36.
MLCO Similar Chart Price Prediction
The price of MLCO is predicted to go up -15.57%, based on the high correlation periods with BHAT. The similarity of these two price pattern on the periods is 95.14%.
MLCO
BHAT
Down: -15.57%Similarity: 95.14%
MLCO Revenue Forecast
MLCO EPS Forecast
MLCO FAQs
What is MLCO revenue forecast for next quarter？
MLCO VS S&P500
The Macao gaming sector is well positioned to benefit from China's reopening, which will allow the sector to restore its profitability meaningfully.
Melco's strengths rest in serving high-margin premium mass patrons, so we think the migration of former junket clients to the premium mass segment brings opportunity for Melco.
The development of the Studio City phase 2 project, which will include two hotel towers with a total of 900 rooms and suites, would help to maintain Melco's market share in the midcycle.
MLCO Analyst's Forecast
Praveen Choudhary
Morgan Stanley
Hold → Buy
2025-03-03
Price Target
$7.5 → $6.7
Upside
+18.58%
Morgan Stanley upgraded Melco Resorts to Overweight from Equal Weight with a price target of $6.70, down from $7.50. The company has shown market share gains in Q4 and Q1, which could continue with HODW opening in May, the analyst tells investors in a research note. The firm thinks consensus revisions may have bottomed for Melco while the stock's valuation is "undemanding." It sees multiple catalysts for the shares in 2025.
George Choi
Citigroup
Strong Buy → Hold
2025-02-10
Price Target
$10 → $6
Upside
+12.99%
Praveen Choudhary
Morgan Stanley
Buy → Hold
2024-12-17
Price Target
$9.6 → $7.5
Upside
+18.3%
