MOBILE GLOBAL ESPORTS INC (MGAM) Stock Technical Analysis
USA - NASDAQ:MGAM - US6073711011 - Common Stock
Overall MGAM gets a technical rating of 0 out of 10. MGAM'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.
MGAM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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When analyzing the resistance we notice 3 important areas.
- Resistance @0.19 from a trend line in the daily time frame.
- Resistance @0.21 from a trend line in the daily time frame.
- Resistance @0.23 from a horizontal 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 MGAM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGAM is down. |
| ChartMill Relative Strength | 1.37 | NEGATIVE | MGAM has a low relative strength, it was outperformed by 98.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGAM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGAM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.07 | NEUTRAL | The RSI value for MGAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGAM has a negative trend. |
| Stochastics (14,3) | 4.56 | OVERSOLD | The low Stochastics value suggests MGAM may be oversold. |
| Average True Range in percent/ATR (20) | 34.96 | HIGH VOLATILITY | The high ATR as a percentage value for MGAM suggests high volalility. |
| Average Directional Index/ADX (14) | 35.1 | POSITIVE | The high ADX value value for MGAM suggests a strong trend. |
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0 (-1.74%)
MOBILE GLOBAL ESPORTS INC / MGAM FAQ
What is the technical rating for MGAM stock?
ChartMill assigns a technical rating of 0 / 10 to MGAM.
What is the trend direction for MGAM stock?
The current trend direction for MOBILE GLOBAL ESPORTS INC (MGAM) is Bearish.
Can you provide the RSI signal for MOBILE GLOBAL ESPORTS INC?
MOBILE GLOBAL ESPORTS INC (MGAM) has an RSI value of 36.0717. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MOBILE GLOBAL ESPORTS INC?
The MACD indicator for MOBILE GLOBAL ESPORTS INC (MGAM) has a value of -0.00261123, indicating a bearish trend.
What is the buy/sell signal for MGAM stock?
The buy/sell signal for MOBILE GLOBAL ESPORTS INC (MGAM) is sell as both the short term and long term trends are negative.