We assign a technical rating of 0 out of 10 to SBET. SBET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
8.69
We found 1 important support area.
- A support zone ranging from 8.78 to 8.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.82 to 9.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.22 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 | 19.31 | NEGATIVE | SBET has a low relative strength, it was outperformed by 80.69% 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 | MIXED | The current price of SBET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.89 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SBET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.85 | OVERSOLD | The low Stochastics value suggests SBET may be oversold. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for SBET suggests a possible start of a new trend. |
8.94
+0.15 (+1.71%)
SHARPLINK GAMING INC / SBET FAQ
What is the ChartMill technical rating of SHARPLINK GAMING INC (SBET) stock?
ChartMill assigns a technical rating of 0 / 10 to SBET.
Can you provide the trend direction for SHARPLINK GAMING INC?
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 38.8932. This indicates that the stock is currently neutral.
What is the MACD signal for SBET stock?
The MACD indicator for SHARPLINK GAMING INC (SBET) has a value of -0.028296, indicating a bearish trend.
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.