MOTORSPORT GAMES INC-A (MSGM) Stock Technical Analysis
NASDAQ:MSGM - US62011B2016 - Common Stock
3 USD
-0.03 (-0.99%)
2.88 USD
-0.12 (-4%)
We assign a technical rating of 6 out of 10 to MSGM. In the last year, MSGM was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MSGM has a been trading in the 2.76 - 3.78 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MSGM is one of the better performing stocks in the Entertainment industry, it outperforms 91% of 75 stocks in the same industry.
MSGM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MSGM is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that MSGM is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MSGM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.90, a Stop Loss order could be placed below this zone.
More info and screens
2.76
3.30
2 important support areas can be observed.
- A support zone ranging from 2.86 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.79 to 2.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.00 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.27 from a trend 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 | 95.13 | POSITIVE | MSGM has a high relative strength, it outperformed 95.13% 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) | UP | MIXED | The current price of MSGM is below 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) | 45.71 | NEUTRAL | The RSI value for MSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MSGM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.26 | NEUTRAL | The Stochastics value for MSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.64 | HIGH VOLATILITY | The high ATR as a percentage value for MSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for MSGM suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 3.05 | 2.85 | 0.20 (6.56%) | 15.25% |
| An entry @3.05. This is a Buy Stop order right above the resistance zone. | An exit @2.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 6.56%. | When investing 15.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
-0.03 (-0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.99%
1 Week2.04%
2 Weeks-12.54%
1 Month-7.98%
3 Month-2.91%
6 Month158.62%
12 Month156.41%
2 Year-29.25%
3 Year-53.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%7.64%
ATR Inc-8.67%
Range Today0.2
ADR(20)0.21
ADR(20)%7.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.13
Mansfield4.55
10 Day High3.78
10 Day Low2.76
20 Day High3.78
20 Day Low2.76
52 Week High3.92
52 Week Low0.73
CS1 End2.9
CR1 Start3
Volume & EV
DER(3)-1.97%
DER(5)-18.36%
Volume10.70K
Volume Incr-45.24%
Vol(5)18.64K
Vol(50)37.67K