GOLDEN MATRIX GROUP INC (GMGI) Stock Technical Analysis
NASDAQ:GMGI - Nasdaq - US3810983003 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to GMGI. In the past year, GMGI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
88% of all other stocks performed better in the past year than GMGI.
GMGI is one of the lesser performing stocks in the Entertainment industry. 75% of 71 stocks in the same industry do better.
GMGI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month GMGI has a been trading in the 1.70 - 2.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GMGI 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
1.87
2.47
We found 1 important support area.
- Support @1.89 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.45 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
CRS12.91
Mansfield-2.8
10 Day High2.5
10 Day Low1.77
20 Day High2.5
20 Day Low1.7
52 Week High6.27
52 Week Low1.7
Performance
1 Week16.22%
2 Weeks15.59%
1 Month5.65%
3 Month-20.37%
6 Month-16.67%
12 Month-26.62%
2 Year-32.39%
3 YearN/A
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)0.05
RSI(14)56.43
LBB1.57
UBB2.28
2.15
+0.01 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.47%
1 Week16.22%
2 Weeks15.59%
1 Month5.65%
3 Month-20.37%
6 Month-16.67%
12 Month-26.62%
2 Year-32.39%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%6.85%
ATR Inc44.22%
Range Today0.07
ADR(20)0.14
ADR(20)%6.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.91
Mansfield-2.8
10 Day High2.5
10 Day Low1.77
20 Day High2.5
20 Day Low1.7
52 Week High6.27
52 Week Low1.7
CS1 End1.89
CR1 Start2.45
Volume & EV
DER(3)9.58%
DER(5)10.1%
Volume107.50K
Volume Incr236.01%
Vol(5)511.00K
Vol(50)188.58K