NFT GAMING CO INC/THE (NFTG) Technical Analysis
NASDAQ:NFTG • US62911P2011
Current stock price
NFTG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NFTG. NFTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NFTG is a bad performer in the overall market: 100% of all stocks are doing better.
- NFTG is part of the Entertainment industry. There are 79 other stocks in this industry, of which 85% are performing better than NFTG.
- In the last month NFTG has a been trading in the 0.25 - 0.40 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
NFTG Weekly and Daily overview Charts
NFTG Setup Rating and Analysis
The technical rating of NFTG is bad and it also does not present a 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
NFTG Support and Resistance Analysis
0.25
3 important resistance areas can be observed.
- A resistance zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.38 from a trend line in the daily time frame.
- Resistance @0.45 from a horizontal line in the daily time frame.
NFTG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for NFTG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NFTG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | NFTG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NFTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NFTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NFTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.51 | NEUTRAL | The RSI value for NFTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NFTG has a negative trend. |
| Stochastics (14,3) | 8.92 | OVERSOLD | The low Stochastics value suggests NFTG may be oversold. |
| Average True Range in percent/ATR (20) | 16.25 | HIGH VOLATILITY | The high ATR as a percentage value for NFTG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for NFTG suggests a weak or negative trend. |
NFTG Chart- and CandleStick Pattern Analysis
NFTG Technicals: Chart, Performance Metrics, Trend & Indicators
0.2501
-0.02 (-8.05%)
NFT GAMING CO INC/THE / NFTG TA FAQ
What is the ChartMill technical rating of NFT GAMING CO INC/THE (NFTG) stock?
ChartMill assigns a technical rating of 0 / 10 to NFTG.
Can you provide the trend direction for NFT GAMING CO INC/THE?
The current trend direction for NFT GAMING CO INC/THE (NFTG) is Bearish.
What is the RSI signal for NFTG stock?
NFT GAMING CO INC/THE (NFTG) has an RSI value of 33.509. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NFT GAMING CO INC/THE?
The MACD indicator for NFT GAMING CO INC/THE (NFTG) has a value of -0.00879663, indicating a bearish trend.
Can you provide the support and resistance levels for NFT GAMING CO INC/THE?
NFT GAMING CO INC/THE (NFTG) has a resistance level at 0.33. Check the full technical report for our detailed analysis of NFTG support and resistance levels.