SHARPLINK INC (SBET) Stock Technical Analysis
NASDAQ:SBET • US8200144058
Taking everything into account, SBET scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SBET is a bad performer in the overall market: 81% of all stocks are doing better.
- SBET is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month SBET has a been trading in the 5.97 - 11.07 range, which is quite wide. It is currently trading near the lows of this range.
- SBET has an average volume of 8009430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SBET is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, SBET did better than 46% of them.
The technical rating of SBET is bad and it also does not present a 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
6.12
When analyzing the support we notice one important area.
- Support @6.18 from a trend line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 6.86 to 6.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.23 from a trend line in the weekly time frame.
- Resistance @8.71 from a trend line in the daily time frame.
- Resistance @9.09 from a trend line in the weekly time frame.
- Resistance @10.22 from a trend line in the daily time frame.
- Resistance @11.28 from a horizontal line in the weekly 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 | 19.82 | NEGATIVE | SBET has a low relative strength, it was outperformed by 80.18% 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) | 35.65 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SBET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.41 | OVERSOLD | The low Stochastics value suggests SBET may be oversold. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 29.63 | POSITIVE | The high ADX value value for SBET suggests a strong trend. |
6.85
+0.31 (+4.74%)
SHARPLINK INC / SBET FAQ
What is the ChartMill technical rating of SHARPLINK INC (SBET) stock?
ChartMill assigns a technical rating of 0 / 10 to SBET.
Can you provide the trend direction for SHARPLINK INC?
The current trend direction for SHARPLINK INC (SBET) is Bearish.
What is the RSI signal for SHARPLINK INC (SBET) stock?
SHARPLINK INC (SBET) has an RSI value of 35.6547. This indicates that the stock is currently neutral.
What is the MACD signal for SBET stock?
The MACD indicator for SHARPLINK INC (SBET) has a value of -0.151751, indicating a bearish trend.
Can you provide the buy/sell signal for SHARPLINK INC?
The buy/sell signal for SHARPLINK INC (SBET) is sell as both the short term and long term trends are negative.