SHARPLINK GAMING INC (SBET) Stock Technical Analysis
NASDAQ:SBET - Nasdaq - US8200141088 - Common Stock - Currency: USD
Overall SBET gets a technical rating of 5 out of 10. 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 near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SBET is lagging the market.
In the last month SBET has a been trading in the 2.79 - 124.12 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.
SBET is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 97% of 134 stocks in the same industry.
SBET has an average volume of 6172470 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!
When comparing the yearly performance of all stocks, we notice that SBET is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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
9.11
9.95
We found 1 important support area.
- A support zone ranging from 9.20 to 9.20. 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 | 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 | 97.38 | POSITIVE | SBET has a high relative strength, it outperformed 97.38% 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) | 42.06 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.1 | NEGATIVE | The MACD value suggests SBET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.48 | OVERSOLD | The low Stochastics value suggests SBET may be oversold. |
| Average True Range in percent/ATR (20) | 183.34 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 38.28 | POSITIVE | The high ADX value value for SBET suggests a strong 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)
9.85
-0.15 (-1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.5%
1 Week-69.72%
2 Weeks-76.83%
1 Month253.05%
3 Month174.99%
6 Month2.73%
12 Month9.8%
2 Year-72.41%
3 Year-90.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.13
ATR(20)%183.34%
ATR Inc-89.82%
Range Today1.62
ADR(20)14.8
ADR(20)%150.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.38
Mansfield0.88
10 Day High49.52
10 Day Low9.05
20 Day High124.12
20 Day Low2.79
52 Week High124.12
52 Week Low2.26
CS1 End9.2
CR1 StartN/A
Volume & EV
DER(3)-8.9%
DER(5)-4.53%
Volume14.30M
Volume Incr287.43%
Vol(5)27.49M
Vol(50)6.17M