MSGM Technical Analysis - MOTORSPORT GAMES INC-A

Technical Rating and Analysis

Overall MSGM gets a technical rating of 2 out of 10. Although MSGM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month MSGM has a been trading in the 2.42 - 2.97 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.

Warning: MSGM has an average volume of 19952 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

MSGM is one of the better performing stocks in the Entertainment industry, it outperforms 83% of 79 stocks in the same industry.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When comparing the yearly performance of all stocks, we notice that MSGM is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

MSGM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MSGM is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MOTORSPORT GAMES INC-A / MSGM Weekly stock chart

MOTORSPORT GAMES INC-A / MSGM Daily stock chart

Setup Rating and Analysis

The technical rating of MSGM 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.40

2.84

When analyzing the resistance we notice one important area.

A resistance zone ranging from 2.78 to 2.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for MSGM is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MSGM is down.
ChartMill Relative Strength	89.63	POSITIVE	MSGM has a high relative strength, it outperformed 89.63% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MSGM is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MSGM is below a declining 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)	29.45	OVERSOLD	The low RSI value suggests MSGM may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests MSGM has a negative trend.
Stochastics (14,3)	4.74	OVERSOLD	The low Stochastics value suggests MSGM may be oversold.
Average True Range in percent/ATR (20)	5.26	HIGH VOLATILITY	The high ATR as a percentage value for MSGM suggests high volalility.
Average Directional Index/ADX (14)	22.25	NEUTRAL	The ADX value for MSGM suggests a possible start of a new trend.