GOLDEN MATRIX GROUP INC (GMGI) Stock Technical Analysis
USA - NASDAQ:GMGI - US3810983003 - Common Stock
Taking everything into account, GMGI scores 0 out of 10 in our technical rating. GMGI'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 GMGI 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.
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0.87
When analyzing the resistance we notice 2 important areas.
- Resistance @1.26 from a trend line in the daily time frame.
- Resistance @1.31 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 | DOWN | NEGATIVE | The short term trend for GMGI is down. |
| ChartMill Relative Strength | 4.89 | NEGATIVE | GMGI has a low relative strength, it was outperformed by 95.11% 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) | 41.68 | NEUTRAL | The RSI value for GMGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GMGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.74 | OVERSOLD | The low Stochastics value suggests GMGI may be oversold. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for GMGI suggests high volalility. |
| Average Directional Index/ADX (14) | 26.73 | POSITIVE | The high ADX value value for GMGI suggests a strong trend. |
0.8818
+0.04 (+4.59%)
GOLDEN MATRIX GROUP INC / GMGI FAQ
What is the technical rating for GMGI stock?
ChartMill assigns a technical rating of 0 / 10 to GMGI.
What is the trend direction for GMGI stock?
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 41.6802. This indicates that the stock is currently neutral.
What is the MACD signal for GOLDEN MATRIX GROUP INC (GMGI) stock?
The MACD indicator for GOLDEN MATRIX GROUP INC (GMGI) has a value of -0.0106544, indicating a bearish trend.
Can you provide the buy/sell signal for GOLDEN MATRIX GROUP INC?
The buy/sell signal for GOLDEN MATRIX GROUP INC (GMGI) is sell as both the short term and long term trends are negative.