Technical Analysis for MGAM - Mobile Global Esports Inc.

Grade Last Price % Change Price Change
F 0.04 16.18% 0.01
MGAM closed up 16.18 percent on Friday, April 26, 2024, on 13 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
180 Bearish Setup Bearish Swing Setup 16.18%
Narrow Range Bar Range Contraction 16.18%
Wide Bands Range Expansion 16.18%
Oversold Stochastic Weakness 16.18%
Stochastic Buy Signal Bullish -5.85%
Narrow Range Bar Range Contraction -5.85%
Wide Bands Range Expansion -5.85%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 9 hours ago
Rose Above Previous Day's High about 9 hours ago
Down 3% about 10 hours ago
Up 5% about 10 hours ago
Up 3% about 10 hours ago

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Profile

Mobile Global Esports Inc. operates in the esports business. It organizes and commercializes various virtual esports tournaments in India. The company was formerly known as Elite Esports, Inc. and changed its name to Mobile Global Esports Inc. in April 2021. Mobile Global Esports Inc. was founded in 2016 and is headquartered in San Clemente, California.
Classification

Sector: Communication Services
Industry: Electronic Gaming & Multimedia
Keywords: Esports Video Gaming Video Game Culture

Is MGAM 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 0.99
52 Week Low 0.031
Average Volume 3,690,279
200-Day Moving Average 0.33
50-Day Moving Average 0.17
20-Day Moving Average 0.11
10-Day Moving Average 0.06
Average True Range 0.03
RSI (14) 29.58
ADX 21.54
+DI 28.37
-DI 24.76
Chandelier Exit (Long, 3 ATRs) 0.27
Chandelier Exit (Short, 3 ATRs) 0.12
Upper Bollinger Bands 0.22
Lower Bollinger Band 0.00
Percent B (%b) 0.2
BandWidth 206.98
MACD Line -0.04
MACD Signal Line -0.04
MACD Histogram -0.0066
Fundamentals Value
Market Cap 820.95 Thousand
Num Shares 20.4 Million
EPS -0.21
Price-to-Earnings (P/E) Ratio -0.19
Price-to-Sales 0.00
Price-to-Book 0.91
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.08
Resistance 3 (R3) 0.08 0.07 0.07
Resistance 2 (R2) 0.07 0.06 0.07 0.07
Resistance 1 (R1) 0.06 0.05 0.06 0.05 0.07
Pivot Point 0.04 0.04 0.05 0.04 0.04
Support 1 (S1) 0.03 0.03 0.04 0.03 0.01
Support 2 (S2) 0.02 0.03 0.02 0.01
Support 3 (S3) 0.00 0.02 0.01
Support 4 (S4) 0.00