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ESPORTS ENTERTAINMENT GROUP (GMBL) Stock Technical Analysis

NASDAQ:GMBL - Nasdaq - US29667K6038 - Common Stock - Currency: USD

1.86  +0.29 (+18.12%)

After market: 1.71 -0.15 (-8.06%)

Technical Rating and Analysis

0

Overall GMBL gets a technical rating of 0 out of 10. GMBL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than GMBL.
GMBL is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, of which 95% are performing better than GMBL.
GMBL is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so GMBL is lagging the market.
In the last month GMBL has a been trading in the 1.08 - 4.15 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.
GMBL has an average volume of 55792700 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.
Weekly and Daily overview Charts
ESPORTS ENTERTAINMENT GROUP / GMBL Weekly stock chart
ESPORTS ENTERTAINMENT GROUP / GMBL Daily stock chart
Setup Rating and Analysis

3

The technical rating of GMBL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for GMBL is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for GMBL is down.
ChartMill Relative Strength0.16NEGATIVEGMBL has a low relative strength, it was outperformed by 99.84% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of GMBL is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of GMBL is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of GMBL is below a declining SMA(200).
Relative Strength Index/RSI (14)37.71NEUTRALThe RSI value for GMBL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.08POSITIVEThe MACD value suggests GMBL has a positive trend.
Stochastics (14,3)17.37OVERSOLDThe low Stochastics value suggests GMBL may be oversold.
Average True Range in percent/ATR (20)27.61HIGH VOLATILITYThe high ATR as a percentage value for GMBL suggests high volalility.
Average Directional Index/ADX (14)15.91NEGATIVEThe low ADX value for GMBL suggests a weak or negative trend.
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)
ESPORTS ENTERTAINMENT GROUP / GMBL Daily stock chart

ESPORTS ENTERTAINMENT GROUP

NASDAQ:GMBL (2/20/2024, 8:00:02 PM)

After market: 1.71 -0.15 (-8.06%)

1.86

+0.29 (+18.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg18.12%
1 Week-21.85%
2 Weeks-39.61%
1 Month-11.85%
3 Month-82.9%
6 Month-96.19%
12 Month-99.86%
2 Year-99.99%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%27.61%
ATR Inc-16.12%
Range Today0.8
ADR(20)0.5
ADR(20)%26.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.16
Mansfield-9.95
10 Day High3.08
10 Day Low1.08
20 Day High4.15
20 Day Low1.08
52 Week High1372
52 Week Low1.08
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-9.57%
DER(5)-5.39%
Volume488.50K
Volume Incr-54.19%
Vol(5)266.40K
Vol(50)55.79M