Overall NGMS gets a technical rating of 8 out of 10. Both in the recent history as in the last year, NGMS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- NGMS is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 99% of 132 stocks in the same industry.
- NGMS is currently making a new 52 week high. This is a strong signal, definitely because the S&P500 Index is trading in the lower area of its yearly range.
- 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 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
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.
When analyzing the resistance we notice one important 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.
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. |
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- 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.
NASDAQ:NGMS (4/23/2024, 8:15:31 PM)
29.45
+0.02 (+0.07%)
NEOGAMES SA / NGMS 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 current trend direction of NEOGAMES SA (NGMS) stock?
The current trend direction for NEOGAMES SA (NGMS) is Bullish.
What is the RSI signal for NGMS stock?
NEOGAMES SA (NGMS) has an RSI value of 73.4641. This indicates that the stock is currently overbought.
What is the buy/sell signal for NEOGAMES SA (NGMS) stock?
The buy/sell signal for NEOGAMES SA (NGMS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for NEOGAMES SA (NGMS) stock?
NEOGAMES SA (NGMS) has a support level at 29.36 and a resistance level at 29.46. Check the full technical report for our detailed analysis of NGMS support and resistance levels.