EAGR Technical Analysis - EAST SIDE GAMES GROUP INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to EAGR. EAGR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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

96% of all other stocks performed better in the past year than EAGR.

EAGR is one of the lesser performing stocks in the Entertainment industry. 72% of 12 stocks in the same industry do better.

EAGR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month EAGR has a been trading in the 0.36 - 0.46 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EAST SIDE GAMES GROUP INC / EAGR Weekly stock chart

EAST SIDE GAMES GROUP INC / EAGR Daily stock chart

Setup Rating and Analysis

EAGR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.35

0.47

3 important support areas can be observed.

Support @0.37 from a trend line in the daily time frame.
A support zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.35 from a trend line in the weekly time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.47 from a trend line in the weekly time frame.

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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 EAGR.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EAGR.CA is down.
ChartMill Relative Strength	4.26	NEGATIVE	EAGR.CA has a low relative strength, it was outperformed by 95.74% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EAGR.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EAGR.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of EAGR.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.38	NEUTRAL	The RSI value for EAGR.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests EAGR.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	22.19	NEUTRAL	The Stochastics value for EAGR.CA is a neutral value.
Average True Range in percent/ATR (20)	7.63	HIGH VOLATILITY	The high ATR as a percentage value for EAGR.CA suggests high volalility.
Average Directional Index/ADX (14)	14.57	NEGATIVE	The low ADX value for EAGR.CA suggests a weak or negative trend.