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    Technical Analysis for GMGI - Golden Matrix Group, Inc.

    Grade Last Price % Change Price Change
    A 4.70 0.00% 0.00
    GMGI closed unchanged on Friday, May 17, 2024, on 1.2 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 price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Down
    Historical GMGI trend table...
    Date Alert Name Type % Chg
    MACD Bearish Signal Line Cross Bearish 0.00%
    Hammer Candlestick Bullish 0.00%
    1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
    Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
    NR7 Range Contraction 0.00%
    Doji - Bullish? Reversal 0.00%
    Wide Bands Range Expansion 0.00%
    Wide Bands Range Expansion 0.00%
    Overbought Stochastic Strength 0.00%
    Down 3 Days in a Row Weakness 0.00%
    Older End-of-Day Signals for GMGI ...

       Recent Intraday Alerts

    Alert Time
    Down 3% 2 days ago
    Fell Below Previous Day's Low 2 days ago
    Down 2 % 2 days ago
    Down 1% 2 days ago
    Down 5% 3 days ago
    View Earlier Intraday Alerts

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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
    Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 14 Meridianbet Expands Its Global Political Betting Offer Amid US Regulatory Shifts
    May 10 Meridianbet, a Golden Matrix Group Company, Joins the Rio Grande do Sul Flood Relief Program
    May 9 HIGHLIGHTS: Bet on Global Gaming: Fireside with CEOs of Golden Matrix Group, MeridianBet
    May 2 Meridianbet Donate: Revolutionizing CSR in the Betting and Gaming Industry
    Apr 29 Bet on Global Gaming: Join Fireside with CEO of Golden Matrix Group May 8 at 9:30AM ET
    Apr 11 The GMGI Acquisition of Meridianbet Receives High Praise from IPO Edge
    Apr 9 Strike Gold with GMGI and MeridianBet’s Global Gaming Powerhouse
    Apr 9 Golden Matrix Announces Completion of Acquisition of the MeridianBet Group
    Apr 5 Meridianbet's Live Betting: Celebrating 23 Years at the Heart of Betting Innovation
    Mar 20 Golden Matrix Stockholders Approve Acquisition of MeridianBet Group
    See more GMGI news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 5.4799
    52 Week Low 1.95
    Average Volume 111,224
    200-Day Moving Average 2.85
    50-Day Moving Average 3.53
    20-Day Moving Average 4.40
    10-Day Moving Average 4.93
    Average True Range 0.39
    RSI (14) 59.35
    ADX 36.45
    +DI 26.33
    -DI 16.26
    Chandelier Exit (Long, 3 ATRs) 4.32
    Chandelier Exit (Short, 3 ATRs) 3.98
    Upper Bollinger Bands 5.55
    Lower Bollinger Band 3.25
    Percent B (%b) 0.63
    BandWidth 52.43
    MACD Line 0.46
    MACD Signal Line 0.46
    MACD Histogram -0.0053
    Fundamentals Value
    Market Cap 172.09 Million
    Num Shares 36.6 Million
    EPS -0.03
    Price-to-Earnings (P/E) Ratio -156.67
    Price-to-Sales 2.78
    Price-to-Book 3.79
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 5.03
    Resistance 3 (R3) 4.99 4.85 4.97
    Resistance 2 (R2) 4.85 4.77 4.87 4.95
    Resistance 1 (R1) 4.78 4.72 4.81 4.81 4.94
    Pivot Point 4.63 4.63 4.65 4.65 4.63
    Support 1 (S1) 4.56 4.55 4.60 4.59 4.46
    Support 2 (S2) 4.42 4.50 4.43 4.45
    Support 3 (S3) 4.34 4.42 4.43
    Support 4 (S4) 4.37