GAMBLING.COM GROUP LTD (GAMB) Stock Technical Analysis
NASDAQ:GAMB - Nasdaq - JE00BL970N11 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to GAMB. Although GAMB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, GAMB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GAMB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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11.40
When analyzing the support we notice one important area.
- A support zone ranging from 11.52 to 11.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.29 to 12.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.68 to 13.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for GAMB is neutral. |
| ChartMill Relative Strength | 83.07 | POSITIVE | GAMB has a high relative strength, it outperformed 83.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAMB is above the rising 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) | UP | MIXED | The current price of GAMB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.63 | NEUTRAL | The RSI value for GAMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GAMB has a positive trend. |
| Stochastics (14,3) | 29.8 | NEUTRAL | The Stochastics value for GAMB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for GAMB suggests some volalility. |
| Average Directional Index/ADX (14) | 12.12 | NEGATIVE | The low ADX value for GAMB suggests a weak or negative trend. |
12.02
+0.33 (+2.82%)