SHARPLINK INC (SBET) Technical Analysis
NASDAQ:SBET • US8200144058
Current stock price
SBET Technical Rating and Analysis
Taking everything into account, SBET scores 2 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 5.96 - 8.41 range, which is quite wide. It is currently trading near the lows of this range.
- SBET is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. SBET outperforms 95% of them.
- SBET has an average volume of 6977190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SBET did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SBET Weekly and Daily overview Charts
SBET Setup Rating and Analysis
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.
More info and screens
SBET Support and Resistance Analysis
5.94
When analyzing the support we notice one important area.
- A support zone ranging from 6.00 to 6.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @6.97 from a trend line in the daily time frame.
- A resistance zone ranging from 7.38 to 7.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.28 from a horizontal line in the weekly time frame.
SBET 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 | 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 | 87.75 | POSITIVE | SBET has a high relative strength, it outperformed 87.75% 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) | DOWN | NEGATIVE | The current price of SBET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.83 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SBET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.65 | OVERSOLD | The low Stochastics value suggests SBET may be oversold. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 20.8 | NEUTRAL | The ADX value for SBET suggests a possible start of a new trend. |
SBET Chart- and CandleStick Pattern Analysis
SBET Technicals: Chart, Performance Metrics, Trend & Indicators
6.38
+0.19 (+3.07%)
SHARPLINK INC / SBET TA FAQ
What is the ChartMill technical rating of SHARPLINK INC (SBET) stock?
ChartMill assigns a technical rating of 2 / 10 to SBET.
Can you provide the trend direction for SHARPLINK INC?
The current trend direction for SHARPLINK INC (SBET) is Bearish.
Can you provide the RSI signal for SHARPLINK INC?
SHARPLINK INC (SBET) has an RSI value of 40.8293. This indicates that the stock is currently neutral.
What is the MACD signal for SHARPLINK INC (SBET) stock?
The MACD indicator for SHARPLINK INC (SBET) has a value of -0.0970087, indicating a bearish trend.
What is the short term momentum for SBET stock?
The short term momentum for SHARPLINK INC (SBET) is negative.