GOLDEN MATRIX GROUP INC (GMGI) Technical Analysis
NASDAQ:GMGI • US3810983003
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.
- 94% of all other stocks performed better in the past year than GMGI.
- GMGI is one of the lesser performing stocks in the Entertainment industry. 77% 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. 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 0.48 - 0.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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.
More info and screens
0.63
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.64 to 0.66. 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 | 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 | 6.2 | NEGATIVE | GMGI has a low relative strength, it was outperformed by 93.8% 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) | 51.95 | NEUTRAL | The RSI value for GMGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GMGI has a positive trend. |
| Stochastics (14,3) | 43.78 | NEUTRAL | The Stochastics value for GMGI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.27 | HIGH VOLATILITY | The high ATR as a percentage value for GMGI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.46 | NEUTRAL | The ADX value for GMGI suggests a possible start of a new trend. |
GMGI Technicals: Chart, Performance Metrics, Trend & Indicators
0.6372
+0.06 (+9.86%)
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 51.9452. 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 0.00433617, 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.