SHARPLINK GAMING INC (SBET) Stock Technical Analysis
NASDAQ:SBET - Nasdaq - US8200141088 - Common Stock - Currency: USD
Taking everything into account, SBET scores 7 out of 10 in our technical rating. In the last year, SBET was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SBET is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry. SBET outperforms 100% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SBET has an average volume of 13485800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SBET is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month SBET has a been trading in the 8.70 - 37.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SBET has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.94
21.87
We found 1 important support area.
- Support @11.05 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 | NEUTRAL | NEUTRAL | The long term trend for SBET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBET is up. |
| ChartMill Relative Strength | 99.49 | POSITIVE | SBET has a high relative strength, it outperformed 99.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SBET is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBET is above 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) | 55.48 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests SBET has a positive trend. |
| Stochastics (14,3) | 85.34 | OVERBOUGHT | The high Stochastics value suggests SBET may be overbought. |
| Average True Range in percent/ATR (20) | 17.33 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 31.87 | 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)
21.65
+3.17 (+17.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg17.15%
1 Week71.01%
2 Weeks114.78%
1 Month-41.6%
3 Month631.32%
6 Month200.24%
12 Month188.76%
2 Year-36.97%
3 Year-81.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.38
ATR(20)%17.33%
ATR Inc97.41%
Range Today3.52
ADR(20)2.5
ADR(20)%11.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.49
Mansfield11.86
10 Day High22.82
10 Day Low9.07
20 Day High37.18
20 Day Low8.7
52 Week High124.12
52 Week Low2.26
CS1 End11.05
CR1 StartN/A
Volume & EV
DER(3)0.69%
DER(5)0.81%
Volume54.69M
Volume Incr220.95%
Vol(5)48.83M
Vol(50)13.49M