MOTORSPORT GAMES INC-A (MSGM) Technical Analysis
NASDAQ:MSGM • US62011B2016
We assign a technical rating of 9 out of 10 to MSGM. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MSGM did better than 98% of all other stocks.
- MSGM is part of the Entertainment industry. There are 80 other stocks in this industry. MSGM outperforms 98% 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 present a decent entry opportunity 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.75 to 3.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.42 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.30 from a trend line in the daily time frame.
- Support @3.19 from a trend line in the weekly time frame.
We found 1 important resistance area.
- 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 | 98.35 | POSITIVE | MSGM has a high relative strength, it outperformed 98.35% 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) | 54.09 | NEUTRAL | The RSI value for MSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MSGM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.56 | NEUTRAL | The Stochastics value for MSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for MSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for MSGM suggests a strong trend. |
MSGM Technicals: Chart, Performance Metrics, Trend & Indicators
4.08
+0.32 (+8.51%)
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 54.0897. 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 0.00553857, 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.