AGAE Technical Analysis - ALLIED GAMING & ENTERTAINMEN

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to AGAE. AGAE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than AGAE.

AGAE is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 87% are performing better than AGAE.

AGAE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month AGAE has a been trading in the 0.71 - 1.03 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

AGAE has an average volume of 2499310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALLIED GAMING & ENTERTAINMEN / AGAE Weekly stock chart

ALLIED GAMING & ENTERTAINMEN / AGAE Daily stock chart

Setup Rating and Analysis

The technical rating of AGAE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.70

1.47

When analyzing the resistance we notice 2 important areas.

Resistance @1.14 from a trend line in the daily time frame.
Resistance @1.46 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for AGAE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AGAE is down.
ChartMill Relative Strength	3.07	NEGATIVE	AGAE has a low relative strength, it was outperformed by 96.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AGAE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AGAE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AGAE is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.52	NEUTRAL	The RSI value for AGAE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests AGAE has a negative trend.
Stochastics (14,3)	4.02	OVERSOLD	The low Stochastics value suggests AGAE may be oversold.
Average True Range in percent/ATR (20)	9.36	HIGH VOLATILITY	The high ATR as a percentage value for AGAE suggests high volalility.
Average Directional Index/ADX (14)	14.69	NEGATIVE	The low ADX value for AGAE suggests a weak or negative trend.