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MOBILE GLOBAL ESPORTS INC (MGAM) Stock Technical Analysis

NASDAQ:MGAM - Nasdaq - US6073711011 - Common Stock - Currency: USD

0.113  0 (-1.74%)

After market: 0.085 -0.03 (-24.78%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to MGAM. MGAM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MGAM is a bad performer in the overall market: 99% of all stocks are doing better.
MGAM is one of the lesser performing stocks in the Entertainment industry. 91% of 72 stocks in the same industry do better.
MGAM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MGAM is lagging the market.
In the last month MGAM has a been trading in the 0.10 - 0.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MGAM has an average volume of 3682950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
MOBILE GLOBAL ESPORTS INC / MGAM Weekly stock chart
MOBILE GLOBAL ESPORTS INC / MGAM Daily stock chart
Setup Rating and Analysis

5

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.

Support and Resistance Analysis

0.11

0.23

3 important resistance areas can be observed.

  • 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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for MGAM is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for MGAM is down.
ChartMill Relative Strength1.37NEGATIVEMGAM has a low relative strength, it was outperformed by 98.63% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of MGAM is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of MGAM is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of MGAM is below a declining SMA(200).
Relative Strength Index/RSI (14)36.07NEUTRALThe RSI value for MGAM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests MGAM has a negative trend.
Stochastics (14,3)4.56OVERSOLDThe low Stochastics value suggests MGAM may be oversold.
Average True Range in percent/ATR (20)34.96HIGH VOLATILITYThe high ATR as a percentage value for MGAM suggests high volalility.
Average Directional Index/ADX (14)35.1POSITIVEThe high ADX value value for MGAM suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
MOBILE GLOBAL ESPORTS INC / MGAM Daily stock chart

MOBILE GLOBAL ESPORTS INC

NASDAQ:MGAM (4/17/2024, 8:12:29 PM)

After market: 0.085 -0.03 (-24.78%)

0.113

0 (-1.74%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-1.74%
1 Week-33.49%
2 Weeks-22.44%
1 Month-47.81%
3 Month-58.15%
6 Month-67.08%
12 Month-84.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%34.96%
ATR Inc-36.74%
Range Today0.03
ADR(20)0.04
ADR(20)%33.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.37
Mansfield-7.4
10 Day High0.37
10 Day Low0.1
20 Day High0.37
20 Day Low0.1
52 Week High0.99
52 Week Low0.1
CS1 EndN/A
CR1 Start0.19
Volume & EV
DER(3)-5.89%
DER(5)-6.41%
Volume11.07M
Volume Incr-37.57%
Vol(5)4.84M
Vol(50)3.68M