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    Technical Analysis for GMGI - Golden Matrix Group, Inc.

    Grade Last Price % Change Price Change
    F 2.65 7.29% 0.18
    GMGI closed up 7.29 percent on Monday, July 1, 2024, on 64 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Down Down Down
    Historical GMGI trend table...
    Date Alert Name Type % Chg
    Wide Bands Range Expansion 0.00%
    Oversold Stochastic Weakness 0.00%
    Volume Surge Other 7.29%
    Wide Bands Range Expansion 7.29%
    Oversold Stochastic Weakness 7.29%
    Wide Bands Range Expansion 6.43%
    Oversold Stochastic Weakness 6.43%
    Doji - Bullish? Reversal 0.00%
    Wide Bands Range Expansion 0.00%
    Oversold Stochastic Weakness 0.00%
    Older End-of-Day Signals for GMGI ...

       Recent Intraday Alerts

    Alert Time
    Rose Above Previous Day's High about 10 hours ago
    Up 5% about 10 hours ago
    Up 3% about 10 hours ago
    Up 2% about 10 hours ago
    Up 1% about 10 hours ago
    View Earlier Intraday Alerts

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    GMGI Chart by TradingView
    Basic chart:

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

    Recent News

    Date Title
    Jun 20 Golden Matrix Group Granted South African Sports-Betting License
    Jun 13 Meridianbet (GMGI) Transforms iGaming with Newly Launched Casino Bonus Wallet Product
    Jun 5 Golden Matrix Group (GMGI) Joins Russell 3000 Index
    Jun 4 Golden Matrix Group Files Pro Forma Financial Statements in Conjunction With Meridianbet Acquisition
    Jun 3 Expanse Studios’ (GMGI) Super Heli the Most Sought-After iGaming Release in Southeast Europe
    May 30 Expanse Studios (GMGI) Showcases Innovation at SiGMA Asia Philippines
    May 23 Meridianbet Elevates Copa America 2024 Offer with Unmatched 41,600 Betting Options and Exclusive Prize Games
    May 22 Insider Sale: COO Weiting Feng Sells 100,000 Shares of Golden Matrix Group Inc (GMGI)
    May 22 Expanse Studios (GMGI) Expands Global iGaming Reach with Strategic SOFTSWISS Partnership
    May 14 Meridianbet Expands Its Global Political Betting Offer Amid US Regulatory Shifts
    See more GMGI news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 6.27
    52 Week Low 2.0
    Average Volume 239,756
    200-Day Moving Average 3.03
    50-Day Moving Average 4.08
    20-Day Moving Average 3.22
    10-Day Moving Average 2.73
    Average True Range 0.40
    RSI (14) 34.64
    ADX 39.37
    +DI 10.22
    -DI 26.85
    Chandelier Exit (Long, 3 ATRs) 5.08
    Chandelier Exit (Short, 3 ATRs) 3.55
    Upper Bollinger Bands 4.56
    Lower Bollinger Band 1.87
    Percent B (%b) 0.29
    BandWidth 83.48
    MACD Line -0.50
    MACD Signal Line -0.45
    MACD Histogram -0.0529
    Fundamentals Value
    Market Cap 97.03 Million
    Num Shares 36.6 Million
    EPS -0.03
    Price-to-Earnings (P/E) Ratio -88.33
    Price-to-Sales 2.78
    Price-to-Book 3.79
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 3.07
    Resistance 3 (R3) 3.05 2.89 3.00
    Resistance 2 (R2) 2.89 2.78 2.90 2.98
    Resistance 1 (R1) 2.77 2.72 2.83 2.79 2.95
    Pivot Point 2.61 2.61 2.64 2.62 2.61
    Support 1 (S1) 2.49 2.50 2.55 2.51 2.35
    Support 2 (S2) 2.33 2.44 2.34 2.32
    Support 3 (S3) 2.21 2.33 2.30
    Support 4 (S4) 2.23