GAMING INNOVATION GROUP INC (GIG.OL) Technical Analysis
OSL:GIG • US36467X2062
Current stock price
28.1 NOK
-2.8 (-9.06%)
Last:
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.
- 74% of all other stocks performed better in the past year than GIG.
- GIG 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 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 part of the Hotels, Restaurants & Leisure industry. There are 57 other stocks in this industry, GIG did better than 51% of them.
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
32.97
2 important support areas can be observed.
- 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
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
GIG.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:GIG (9/24/2024, 10:30:15 AM)
28.1
-2.8 (-9.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-9.06%
1 Week-7.41%
2 Weeks-9.94%
1 Month-8.91%
3 Month-4.75%
6 Month-17.35%
12 Month1.08%
2 Year25.56%
3 Year42.64%
5 Year216.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%3.55%
ATR Inc199.55%
Range Today1.55
ADR(20)0.86
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.49
3 months CRSN/A
6 months CRSN/A
Mansfield-1.91
10 Day High31.5
10 Day Low27.55
20 Day High33
20 Day Low27.55
52 Week High35.2
52 Week Low25.9
CS1 End27.61
CR1 Start30.21
Volume & EV
DER(3)-87.57%
DER(5)-59.87%
Volume910
Volume Incr-23.08%
Vol(5)23.96K
Vol(50)19.32K
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.
What is the RSI signal for GAMING INNOVATION GROUP INC (GIG.OL) stock?
GAMING INNOVATION GROUP INC (GIG.OL) has an RSI value of 34.2207. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GAMING INNOVATION GROUP INC?
The MACD indicator for GAMING INNOVATION GROUP INC (GIG.OL) has a value of -0.321858, indicating a bearish trend.