SHARPLINK GAMING INC (SBET) Stock Technical Analysis
NASDAQ:SBET - US8200141088 - Common Stock
17.82 USD
-0.64 (-3.47%)
17.85 USD
+0.03 (+0.17%)
Overall SBET gets a technical rating of 6 out of 10. In the last year, SBET was one of the better performers, but we do observe some doubts in the very recent evolution.
SBET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SBET has a been trading in the 17.51 - 28.26 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.
SBET has an average volume of 44441300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that SBET is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SBET is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, SBET did better than 69% of them.
Considerably lower volume is observed in the last couple of days.
SBET has an average technical rating and it also 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
17.63
19.70
When analyzing the support we notice one important area.
- A support zone ranging from 17.81 to 17.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 19.12 to 19.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 SBET is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBET is down. |
| ChartMill Relative Strength | 80.73 | POSITIVE | SBET has a high relative strength, it outperformed 80.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SBET is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SBET is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.57 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests SBET has a negative trend. |
| Stochastics (14,3) | 7.62 | OVERSOLD | The low Stochastics value suggests SBET may be oversold. |
| Average True Range in percent/ATR (20) | 13.34 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 18.44 | NEGATIVE | The low ADX value for SBET 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)
17.82
-0.64 (-3.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-3.47%
1 Week-14.61%
2 Weeks-10.23%
1 Month3.97%
3 Month-76.77%
6 Month301.35%
12 Month118.38%
2 Year-37.08%
3 Year-86.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.93
ATR(20)%13.34%
ATR Inc-57.59%
Range Today0.94
ADR(20)2.27
ADR(20)%12.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.73
Mansfield4.94
10 Day High21.21
10 Day Low17.51
20 Day High28.26
20 Day Low17.51
52 Week High124.12
52 Week Low2.26
CS1 End17.81
CR1 Start19.12
Volume & EV
DER(3)-3.33%
DER(5)-2.81%
Volume21.08M
Volume Incr-43.81%
Vol(5)28.07M
Vol(50)44.44M