Technical Analysis for GMGI - Golden Matrix Group, Inc.

Grade Last Price % Change Price Change
A 4.87 -1.62% -0.08
GMGI closed down 1.62 percent on Thursday, May 9, 2024, on 1.89 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -1.62%
New 52 Week High Strength -1.62%
Wide Bands Range Expansion -1.62%
Overbought Stochastic Strength -1.62%
Jack-in-the-Box Bullish Bullish Swing Setup 2.96%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 18 hours ago
Rose Above Previous Day's High about 20 hours ago
New 52 Week High about 20 hours ago
2x Volume Pace about 20 hours ago
Up 2% about 20 hours ago

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Profile

Golden Matrix Group, Inc. Description

Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region and Europe. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.


Classification

Sector: Communication Services
Industry: Electronic Gaming & Multimedia
Keywords: Casino Gambling Online Casino Bookmakers International Game Technology Betmotion

Is GMGI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.055
52 Week Low 1.95
Average Volume 86,019
200-Day Moving Average 2.76
50-Day Moving Average 3.27
20-Day Moving Average 3.78
10-Day Moving Average 4.28
Average True Range 0.42
RSI (14) 68.55
ADX 32.36
+DI 29.85
-DI 8.09
Chandelier Exit (Long, 3 ATRs) 3.81
Chandelier Exit (Short, 3 ATRs) 3.47
Upper Bollinger Bands 5.21
Lower Bollinger Band 2.35
Percent B (%b) 0.88
BandWidth 75.63
MACD Line 0.47
MACD Signal Line 0.35
MACD Histogram 0.1248
Fundamentals Value
Market Cap 178.32 Million
Num Shares 36.6 Million
EPS -0.03
Price-to-Earnings (P/E) Ratio -162.33
Price-to-Sales 2.78
Price-to-Book 3.79
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.30
Resistance 3 (R3) 5.31 5.18 5.23
Resistance 2 (R2) 5.18 5.07 5.18 5.20
Resistance 1 (R1) 5.03 5.01 4.96 5.01 5.18
Pivot Point 4.90 4.90 4.87 4.89 4.90
Support 1 (S1) 4.74 4.79 4.68 4.73 4.56
Support 2 (S2) 4.61 4.72 4.61 4.54
Support 3 (S3) 4.46 4.61 4.51
Support 4 (S4) 4.44