GAMB Technical Analysis - GAMBLING.COM GROUP LTD

Technical Rating and Analysis

Taking everything into account, GAMB scores 0 out of 10 in our technical rating. GAMB 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.

When comparing the yearly performance of all stocks, GAMB is a bad performer in the overall market: 92% of all stocks are doing better.

GAMB is one of the lesser performing stocks in the Media industry. 65% of 99 stocks in the same industry do better.

GAMB 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 GAMB has a been trading in the 7.93 - 8.94 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

GAMBLING.COM GROUP LTD / GAMB Weekly stock chart

GAMBLING.COM GROUP LTD / GAMB Daily stock chart

Setup Rating and Analysis

GAMB has a poor technical rating and the quality of the setup is also not perfect 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

7.88

12.04

5 important resistance areas can be observed.

Resistance @8.04 from a horizontal line in the weekly time frame.
A resistance zone ranging from 8.74 to 8.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 9.42 to 9.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.85 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @11.92 from a trend line in the daily 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 GAMB is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GAMB is down.
ChartMill Relative Strength	8.28	NEGATIVE	GAMB has a low relative strength, it was outperformed by 91.72% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GAMB is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GAMB is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GAMB is below a declining SMA(200).
Relative Strength Index/RSI (14)	31.76	NEUTRAL	The RSI value for GAMB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests GAMB has a positive trend.
Stochastics (14,3)	17.66	OVERSOLD	The low Stochastics value suggests GAMB may be oversold.
Average True Range in percent/ATR (20)	3.14	MEDIUM VOLATILITY	The ATR as a percentage value for GAMB suggests some volalility.
Average Directional Index/ADX (14)	42.97	POSITIVE	The high ADX value value for GAMB suggests a strong trend.