NASDAQ:SBET • US8200144058
We assign a technical rating of 4 out of 10 to SBET. 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.
Although the technical rating is only medium, SBET does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
6.42
4 important support areas can be observed.
We can see 2 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for SBET is neutral. |
| ChartMill Relative Strength | 84.33 | POSITIVE | SBET has a high relative strength, it outperformed 84.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBET is above the rising 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) | 49.92 | NEUTRAL | The RSI value for SBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SBET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.13 | NEUTRAL | The Stochastics value for SBET is a neutral value. |
| Average True Range in percent/ATR (20) | 6.91 | HIGH VOLATILITY | The high ATR as a percentage value for SBET suggests high volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for SBET suggests a weak or negative trend. |
7.59
+0.2 (+2.71%)
ChartMill assigns a technical rating of 4 / 10 to SBET.
The current trend direction for SHARPLINK INC (SBET) is Bearish.
SHARPLINK INC (SBET) has an RSI value of 49.9162. This indicates that the stock is currently neutral.
The MACD indicator for SHARPLINK INC (SBET) has a value of 0.164367, indicating a bearish trend.