Taking everything into account, MSGM scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MSGM is showing a nice and steady performance.
Besides having an excellent technical rating, MSGM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.03, a Stop Loss order could be placed below this zone.
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2.50
We found 5 important support areas.
- A support zone ranging from 3.02 to 3.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.81 from a trend line in the daily time frame.
- Support @2.75 from a trend line in the weekly time frame.
- Support @2.59 from a trend line in the daily time frame.
- Support @2.53 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.17 to 3.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.80 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for MSGM is up. |
| ChartMill Relative Strength | 95.64 | POSITIVE | MSGM has a high relative strength, it outperformed 95.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSGM is above 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) | 52.93 | NEUTRAL | The RSI value for MSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MSGM has a negative trend. |
| Stochastics (14,3) | 26.86 | NEUTRAL | The Stochastics value for MSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for MSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 45.08 | POSITIVE | The high ADX value value for MSGM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.23 | 3.01 | 0.22 (6.81%) | 14.68% |
| An entry @3.23. This is a Buy Stop order right above the resistance zone. | An exit @3.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 6.81%. | For a 1.00% total portfolio risk, you can invest 14.68% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MSGM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.05
+0.01 (+0.33%)
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 52.9274. 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 -0.0132227, 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 positive.