SBET Technical Analysis - SHARPLINK GAMING INC

Technical Rating and Analysis

Taking everything into account, SBET scores 3 out of 10 in our technical rating. Although SBET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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.

Looking at the yearly performance, SBET did better than 95% of all other stocks.

SBET is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 99% of 134 stocks in the same industry.

SBET has an average volume of 44647600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

In the last month SBET has a been trading in the 14.29 - 21.03 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

SHARPLINK GAMING INC / SBET Weekly stock chart

SHARPLINK GAMING INC / SBET Daily stock chart

Setup Rating and Analysis

SBET has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

14.78

17.88

When analyzing the support we can see 2 important areas.

A support zone ranging from 16.60 to 16.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 14.93 to 14.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 17.70 to 17.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for SBET is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SBET is down.
ChartMill Relative Strength	95.56	POSITIVE	SBET has a high relative strength, it outperformed 95.56% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SBET is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SBET is below a declining 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)	47.02	NEUTRAL	The RSI value for SBET is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests SBET has a positive trend.
Stochastics (14,3)	63.99	NEUTRAL	The Stochastics value for SBET is a neutral value.
Average True Range in percent/ATR (20)	7.7	HIGH VOLATILITY	The high ATR as a percentage value for SBET suggests high volalility.
Average Directional Index/ADX (14)	10.58	NEGATIVE	The low ADX value for SBET suggests a weak or negative trend.