SHARPLINK GAMING INC (SBET) Stock Technical Analysis
USA - NASDAQ:SBET - US8200144058 - Common Stock
Overall SBET gets a technical rating of 2 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 has a poor technical rating and the quality of the setup is also only medium 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.
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12.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.83 to 13.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.76 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @14.25 from a trend line in the weekly time frame.
- Resistance @17.02 from a trend line in the daily time frame.
- Resistance @18.21 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SBET is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBET is down. |
| ChartMill Relative Strength | 87.45 | POSITIVE | SBET has a high relative strength, it outperformed 87.45% 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) | 41.76 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SBET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.85 | OVERSOLD | The low Stochastics value suggests SBET may be oversold. |
| Average True Range in percent/ATR (20) | 8.2 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 17.06 | NEGATIVE | The low ADX value for SBET suggests a weak or negative trend. |
13.84
+1.07 (+8.38%)
SHARPLINK GAMING INC / SBET FAQ
Can you provide the ChartMill technical rating for SHARPLINK GAMING INC?
ChartMill assigns a technical rating of 2 / 10 to SBET.
What is the trend direction for SBET stock?
The current trend direction for SHARPLINK GAMING INC (SBET) is Bearish.
What is the RSI signal for SHARPLINK GAMING INC (SBET) stock?
SHARPLINK GAMING INC (SBET) has an RSI value of 41.7609. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SHARPLINK GAMING INC?
The short term momentum for SHARPLINK GAMING INC (SBET) is negative.
Can you provide the buy/sell signal for SHARPLINK GAMING INC?
The buy/sell signal for SHARPLINK GAMING INC (SBET) is sell as both the short term and long term trends are negative.