TRUG Technical Analysis - TRUGOLF HOLDINGS INC-CL A

Technical Rating and Analysis

Overall TRUG gets a technical rating of 0 out of 10. TRUG's overall performance in the market is below average. Also 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.

100% of all other stocks performed better in the past year than TRUG.

TRUG is one of the lesser performing stocks in the Entertainment industry. 87% of 80 stocks in the same industry do better.

TRUG is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month TRUG has a been trading in the 2.33 - 3.87 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TRUGOLF HOLDINGS INC-CL A / TRUG Weekly stock chart

TRUGOLF HOLDINGS INC-CL A / TRUG Daily stock chart

Setup Rating and Analysis

TRUG has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.32

2.46

When analyzing the resistance we notice one important area.

A resistance zone ranging from 2.40 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 TRUG is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TRUG is down.
ChartMill Relative Strength	0.55	NEGATIVE	TRUG has a low relative strength, it was outperformed by 99.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TRUG is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TRUG is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TRUG is below a declining SMA(200).
Relative Strength Index/RSI (14)	27.83	OVERSOLD	The low RSI value suggests TRUG may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests TRUG has a positive trend.
Stochastics (14,3)	5.01	OVERSOLD	The low Stochastics value suggests TRUG may be oversold.
Average True Range in percent/ATR (20)	12.63	HIGH VOLATILITY	The high ATR as a percentage value for TRUG suggests high volalility.
Average Directional Index/ADX (14)	27.71	POSITIVE	The high ADX value value for TRUG suggests a strong trend.