GAMING INNOVATION GROUP INC (GIG.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:GIG - US36467X2062 - Common Stock
We assign a technical rating of 1 out of 10 to GIG. GIG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
26.33
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.
We can see 2 important resistance 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.
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. |
OSL:GIG (9/24/2024, 10:30:15 AM)
28.1
-2.8 (-9.06%)
GAMING INNOVATION GROUP INC / GIG.OL 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.