MOTORSPORT GAMES INC-A (MSGM) Technical Analysis
NASDAQ:MSGM • US62011B2016
Taking everything into account, MSGM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MSGM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, MSGM did better than 97% of all other stocks.
- MSGM is part of the Entertainment industry. There are 80 other stocks in this industry. MSGM outperforms 97% of them.
- MSGM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MSGM is lagging the market slightly.
- In the last month MSGM has a been trading in the 3.10 - 4.99 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.
Although MSGM has an excellent technical rating, it does not offer a high 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
3.16
3 important support areas can be observed.
- A support zone ranging from 3.41 to 3.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.29 from a trend line in the daily time frame.
- A support zone ranging from 3.19 to 3.21. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.76 to 3.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.88 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 | UP | POSITIVE | The long term trend for MSGM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MSGM is neutral. |
| ChartMill Relative Strength | 97.95 | POSITIVE | MSGM has a high relative strength, it outperformed 97.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MSGM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MSGM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MSGM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.32 | NEUTRAL | The RSI value for MSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MSGM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.72 | NEUTRAL | The Stochastics value for MSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.6 | HIGH VOLATILITY | The high ATR as a percentage value for MSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 27.27 | POSITIVE | The high ADX value value for MSGM suggests a strong trend. |
MSGM Technicals: Chart, Performance Metrics, Trend & Indicators
3.76
-0.15 (-3.84%)
MOTORSPORT GAMES INC-A / MSGM FAQ
Can you provide the ChartMill technical rating for MOTORSPORT GAMES INC-A?
ChartMill assigns a technical rating of 9 / 10 to MSGM.
What is the current trend direction of MOTORSPORT GAMES INC-A (MSGM) stock?
The current trend direction for MOTORSPORT GAMES INC-A (MSGM) is Bullish.
Can you provide the RSI signal for MOTORSPORT GAMES INC-A?
MOTORSPORT GAMES INC-A (MSGM) has an RSI value of 48.323. This indicates that the stock is currently neutral.
What is the MACD signal for MOTORSPORT GAMES INC-A (MSGM) stock?
The MACD indicator for MOTORSPORT GAMES INC-A (MSGM) has a value of 0.0158573, indicating a bearish trend.
Can you provide the short term momentum for MOTORSPORT GAMES INC-A?
The short term momentum for MOTORSPORT GAMES INC-A (MSGM) is neutral.