GAMING INNOVATION GROUP INC (GIG.OL) Technical Analysis
OSL:GIG • US36467X2062
Current stock price
GIG.OL Technical Rating and Analysis
Taking everything into account, GIG scores 1 out of 10 in our technical rating. GIG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, GIG is a bad performer in the overall market: 74% of all stocks are doing better.
- GIG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GIG is lagging the market.
- In the last month GIG has a been trading in the 27.55 - 33.00 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.
- Warning: GIG has an average volume of 19324 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- GIG is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 54% of 58 stocks in the same industry.
GIG.OL Weekly and Daily overview Charts
GIG.OL Setup Rating and Analysis
The technical rating of GIG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GIG.OL Support and Resistance Analysis
26.33
When analyzing the support we can see 2 important areas.
- Support @27.61 from a trend line in the weekly time frame.
- A support zone ranging from 26.60 to 26.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 30.21 to 31.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.46 to 32.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
GIG.OL 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 | NEUTRAL | NEUTRAL | The long term trend for GIG.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GIG.OL is neutral. |
| ChartMill Relative Strength | 26.49 | NEGATIVE | GIG.OL has a low relative strength, it was outperformed by 73.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIG.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GIG.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GIG.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.22 | NEUTRAL | The RSI value for GIG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests GIG.OL has a negative trend. |
| Stochastics (14,3) | 19.11 | OVERSOLD | The low Stochastics value suggests GIG.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for GIG.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.36 | NEUTRAL | The ADX value for GIG.OL suggests a possible start of a new trend. |
GIG.OL Chart- and CandleStick Pattern Analysis
GIG.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:GIG (9/24/2024, 10:30:15 AM)
28.1
-2.8 (-9.06%)
GAMING INNOVATION GROUP INC / GIG.OL TA FAQ
What is the ChartMill technical rating of GAMING INNOVATION GROUP INC (GIG.OL) stock?
ChartMill assigns a technical rating of 1 / 10 to GIG.OL.
Can you provide the trend direction for GAMING INNOVATION GROUP INC?
The current trend direction for GAMING INNOVATION GROUP INC (GIG.OL) is Bearish.
Can you provide the RSI signal for GAMING INNOVATION GROUP INC?
GAMING INNOVATION GROUP INC (GIG.OL) has an RSI value of 34.2207. This indicates that the stock is currently neutral.
What is the short term momentum for GIG stock?
The short term momentum for GAMING INNOVATION GROUP INC (GIG.OL) is neutral.
What is the support and resistance level for GIG stock?
GAMING INNOVATION GROUP INC (GIG.OL) has a support level at 27.61 and a resistance level at 30.21. Check the full technical report for our detailed analysis of GIG.OL support and resistance levels.