GOLDEN MATRIX GROUP INC (GMGI) Stock Technical Analysis
NASDAQ:GMGI - Nasdaq - US3810983003 - Common Stock - Currency: USD
Overall GMGI gets a technical rating of 1 out of 10. GMGI 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
73% of all other stocks performed better in the past year than GMGI.
GMGI is currently trading near the lower end of its 52 week range, which is not a good sign. GMGI is lagging the S&P500 Index which is trading in the middle of its 52 week range.
GMGI is an average performer in the Entertainment industry, it outperforms 45% of 72 stocks in the same industry.
In the last month GMGI has a been trading in the 1.79 - 2.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GMGI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GMGI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.83
2.50
We found 2 important support areas.
- A support zone ranging from 1.96 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.85 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.10 from a trend line in the daily time frame.
- A resistance zone ranging from 2.14 to 2.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.48 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.72
Mansfield-1.6
10 Day High2.14
10 Day Low1.79
20 Day High2.18
20 Day Low1.79
52 Week High6.27
52 Week Low1.7
Performance
1 Week8.99%
2 Weeks5.1%
1 Month-0.48%
3 Month0.98%
6 Month-8.44%
12 Month-34.81%
2 Year-8.85%
3 Year-55.7%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)53.01
LBB1.83
UBB2.11
2.06
+0.01 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.49%
1 Week8.99%
2 Weeks5.1%
1 Month-0.48%
3 Month0.98%
6 Month-8.44%
12 Month-34.81%
2 Year-8.85%
3 Year-55.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%6.67%
ATR Inc7.12%
Range Today0.08
ADR(20)0.13
ADR(20)%6.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.72
Mansfield-1.6
10 Day High2.14
10 Day Low1.79
20 Day High2.18
20 Day Low1.79
52 Week High6.27
52 Week Low1.7
CS1 End2.02
CR1 Start2.1
Volume & EV
DER(3)7.31%
DER(5)6.09%
Volume112.00K
Volume Incr38.04%
Vol(5)176.14K
Vol(50)184.59K