MOTORSPORT GAMES INC-A (MSGM) Stock Technical Analysis
NASDAQ:MSGM - Nasdaq - US62011B2016 - Common Stock - Currency: USD
Overall MSGM gets a technical rating of 9 out of 10. 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.
In the last month MSGM has a been trading in the 2.83 - 3.92 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that MSGM is one of the better performing stocks in the market, outperforming 93% of all stocks.
MSGM is part of the Entertainment industry. There are 72 other stocks in this industry. MSGM outperforms 88% of them.
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.
Considerably lower volume is observed 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
1.18
3.13
2 important support areas can be observed.
- A support zone ranging from 2.70 to 2.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.19 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 | 93.43 | POSITIVE | MSGM has a high relative strength, it outperformed 93.43% 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) | 44.48 | NEUTRAL | The RSI value for MSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MSGM has a negative trend. |
| Stochastics (14,3) | 31.2 | NEUTRAL | The Stochastics value for MSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.08 | HIGH VOLATILITY | The high ATR as a percentage value for MSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 50.25 | POSITIVE | The high ADX value value for MSGM suggests a strong 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)
3.1
-0.01 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.32%
1 Week-16.4%
2 Weeks-10.63%
1 Month6.87%
3 Month23.41%
6 Month120.57%
12 Month94.38%
2 Year-9.38%
3 Year-49.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%7.08%
ATR Inc51.69%
Range Today0
ADR(20)0.21
ADR(20)%6.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.43
Mansfield6.21
10 Day High3.92
10 Day Low3.1
20 Day High3.92
20 Day Low2.83
52 Week High3.92
52 Week Low0.73
CS1 End2.7
CR1 StartN/A
Volume & EV
DER(3)-29.84%
DER(5)-19.73%
Volume313
Volume Incr-41.31%
Vol(5)29.50K
Vol(50)57.98K