GAME Technical Analysis - GAMESQUARE HOLDINGS INC

Technical Rating and Analysis

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

90% of all other stocks performed better in the past year than GAME.

GAME is one of the lesser performing stocks in the Interactive Media & Services industry. 71% of 70 stocks in the same industry do better.

GAME 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 GAME has a been trading in the 0.66 - 0.86 range, which is quite wide. It is currently trading near the lows of this range.

GAME has an average volume of 3410090 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

GAMESQUARE HOLDINGS INC / GAME Weekly stock chart

GAMESQUARE HOLDINGS INC / GAME Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, GAME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.67, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.66

0.92

We found 1 important support area.

A support zone ranging from 0.67 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

Resistance @0.82 from a trend line in the daily time frame.
Resistance @0.88 from a horizontal line in the daily time frame.
Resistance @0.91 from a horizontal line in the weekly 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 GAME is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GAME is down.
ChartMill Relative Strength	10.88	NEGATIVE	GAME has a low relative strength, it was outperformed by 89.12% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GAME is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GAME is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GAME is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.45	NEUTRAL	The RSI value for GAME is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests GAME has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.86	OVERSOLD	The low Stochastics value suggests GAME may be oversold.
Average True Range in percent/ATR (20)	6.83	HIGH VOLATILITY	The high ATR as a percentage value for GAME suggests high volalility.
Average Directional Index/ADX (14)	12.31	NEGATIVE	The low ADX value for GAME suggests a weak or negative trend.