Overall GMGI gets a technical rating of 0 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, GMGI is a bad performer in the overall market: 93% of all stocks are doing better.
- GMGI is one of the lesser performing stocks in the Entertainment industry. 72% of 80 stocks in the same industry do better.
- GMGI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
- In the last month GMGI has a been trading in the 0.58 - 0.80 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, GMGI does present a nice setup opportunity. 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
0.67
When analyzing the support we notice one important area.
- A support zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 7.35 | NEGATIVE | GMGI has a low relative strength, it was outperformed by 92.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GMGI is above 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) | 53.02 | 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) | 69.45 | NEUTRAL | The Stochastics value for GMGI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.47 | HIGH VOLATILITY | The high ATR as a percentage value for GMGI suggests high volalility. |
| Average Directional Index/ADX (14) | 27.78 | POSITIVE | The high ADX value value for GMGI suggests a strong trend. |
0.7403
+0.01 (+1.59%)
GOLDEN MATRIX GROUP INC / GMGI FAQ
What is the technical rating for GMGI stock?
ChartMill assigns a technical rating of 0 / 10 to GMGI.
Can you provide the trend direction for GOLDEN MATRIX GROUP INC?
The current trend direction for GOLDEN MATRIX GROUP INC (GMGI) is Bearish.
What is the RSI signal for GMGI stock?
GOLDEN MATRIX GROUP INC (GMGI) has an RSI value of 53.0231. This indicates that the stock is currently neutral.
What is the MACD signal for GMGI stock?
The MACD indicator for GOLDEN MATRIX GROUP INC (GMGI) has a value of 0.0139308, indicating a bearish trend.
Can you provide the short term momentum for GOLDEN MATRIX GROUP INC?
The short term momentum for GOLDEN MATRIX GROUP INC (GMGI) is neutral.