GOLDEN MATRIX GROUP INC (GMGI) Stock Technical Analysis
NASDAQ:GMGI - US3810983003 - Common Stock
1.33 USD
-0.08 (-5.67%)
We assign a technical rating of 0 out of 10 to GMGI. GMGI 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, GMGI is a bad performer in the overall market: 95% of all stocks are doing better.
GMGI is part of the Entertainment industry. There are 75 other stocks in this industry, of which 78% are performing better than GMGI.
GMGI 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 GMGI has a been trading in the 1.26 - 1.64 range, which is quite wide. It is currently trading near the lows of this range.
GMGI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for GMGI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.32
1.74
4 important resistance areas can be observed.
- A resistance zone ranging from 1.34 to 1.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.41 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.62 from a trend line in the daily time frame.
- Resistance @1.72 from a trend line in the daily time frame.
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 GMGI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GMGI is neutral. |
| ChartMill Relative Strength | 5.5 | NEGATIVE | GMGI has a low relative strength, it was outperformed by 94.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GMGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GMGI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GMGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.03 | NEUTRAL | The RSI value for GMGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GMGI has a positive trend. |
| Stochastics (14,3) | 34.78 | NEUTRAL | The Stochastics value for GMGI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.95 | HIGH VOLATILITY | The high ATR as a percentage value for GMGI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for GMGI suggests a weak or negative trend. |
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)
NASDAQ:GMGI (8/26/2025, 1:01:47 PM)
1.33
-0.08 (-5.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-5.67%
1 Week4.44%
2 Weeks6.02%
1 Month-12.42%
3 Month-24.19%
6 Month-32.86%
12 Month-45.56%
2 Year-51.21%
3 Year-62.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%7.95%
ATR Inc65.46%
Range Today0.08
ADR(20)0.11
ADR(20)%8.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.5
Mansfield-3.5
10 Day High1.57
10 Day Low1.26
20 Day High1.64
20 Day Low1.26
52 Week High3.06
52 Week Low1.26
CS1 End1.35
CR1 Start1.41
Volume & EV
DER(3)16.79%
DER(5)12.01%
Volume106.40K
Volume Incr28.13%
Vol(5)280.86K
Vol(50)219.60K