NEOGAMES SA (NGMS) Technical Analysis
NASDAQ:NGMS • LU2263803020
Current stock price
NGMS Technical Rating and Analysis
Taking everything into account, NGMS scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NGMS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- NGMS is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. NGMS outperforms 98% of them.
- NGMS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the yearly performance of all stocks, we notice that NGMS 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 10 months ago.
- In the last month NGMS has a been trading in a tight range between 28.90 and 29.47.
- Volume is considerably higher in the last couple of days.
NGMS Weekly and Daily overview Charts
NGMS Setup Rating and Analysis
NGMS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NGMS Support and Resistance Analysis
25.86
We found 4 important support areas.
- A support zone ranging from 28.79 to 29.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @28.25 from a horizontal line in the daily time frame.
- Support @27.65 from a horizontal line in the daily time frame.
- Support @26.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.46 to 29.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
NGMS 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 | UP | POSITIVE | The long term trend for NGMS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGMS is up. |
| ChartMill Relative Strength | 95.35 | POSITIVE | NGMS has a high relative strength, it outperformed 95.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGMS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGMS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGMS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.46 | OVERBOUGHT | The high RSI value suggests NGMS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NGMS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.32 | OVERBOUGHT | The high Stochastics value suggests NGMS may be overbought. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for NGMS suggests low volalility. |
| Average Directional Index/ADX (14) | 51.77 | POSITIVE | The high ADX value value for NGMS suggests a strong trend. |
NGMS Chart- and CandleStick Pattern Analysis
NGMS Example Setup
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 |
|---|---|---|---|
| 29.61 | 29.01 | 0.60 (2.03%) | 25.00% |
| An entry @29.61. This is a Buy Stop order right above the resistance zone. | An exit @29.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.60 points, which is 2.03%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NGMS Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:NGMS (4/23/2024, 8:15:31 PM)
29.45
+0.02 (+0.07%)
NEOGAMES SA / NGMS TA FAQ
What is the ChartMill technical rating of NEOGAMES SA (NGMS) stock?
ChartMill assigns a technical rating of 8 / 10 to NGMS.
What is the trend direction for NGMS stock?
The current trend direction for NEOGAMES SA (NGMS) is Bullish.
Can you provide the RSI signal for NEOGAMES SA?
NEOGAMES SA (NGMS) has an RSI value of 73.4641. This indicates that the stock is currently overbought.
Can you provide the short term momentum for NEOGAMES SA?
The short term momentum for NEOGAMES SA (NGMS) is positive.
Can you provide the buy/sell signal for NEOGAMES SA?
The buy/sell signal for NEOGAMES SA (NGMS) is buy as both the short term and long term trends are positive.