MOTORSPORT GAMES INC-A (MSGM) Stock Technical Analysis
USA - NASDAQ:MSGM - US62011B2016 - Common Stock
2.89 USD
+0.1 (+3.44%)
2.9 USD
+0.01 (+0.35%)
Taking everything into account, MSGM scores 5 out of 10 in our technical rating. MSGM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: MSGM has an average volume of 28674 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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.
MSGM is part of the Entertainment industry. There are 80 other stocks in this industry. MSGM outperforms 88% of them.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
In the last month MSGM has a been trading in the 2.68 - 3.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MSGM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.89. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MSGM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.67
3.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.82 to 2.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.70 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.89 to 2.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.98 to 2.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for MSGM is down. |
| ChartMill Relative Strength | 95.06 | POSITIVE | MSGM has a high relative strength, it outperformed 95.06% 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) | 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) | 47.7 | NEUTRAL | The RSI value for MSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MSGM has a positive trend. |
| Stochastics (14,3) | 34.29 | NEUTRAL | The Stochastics value for MSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.6 | 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)
2.89
+0.1 (+3.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg3.44%
1 Week2.12%
2 Weeks-2.69%
1 Month3.21%
3 Month6.25%
6 Month138.84%
12 Month162.73%
2 Year-20.17%
3 Year-49.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4.95%
ATR Inc5.52%
Range Today0.12
ADR(20)0.14
ADR(20)%4.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.06
Mansfield3.12
10 Day High2.99
10 Day Low2.68
20 Day High3.18
20 Day Low2.68
52 Week High3.92
52 Week Low0.73
CS1 End2.85
CR1 Start2.89
Volume & EV
DER(3)12.26%
DER(5)6.37%
Volume11.80K
Volume Incr-10.84%
Vol(5)14.70K
Vol(50)28.67K