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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Mobile Global Esports Inc. (NASDAQ:MGAM)
Long-Term Downtrend (-90) - MGAM is in a strong downtrend that is likely to continue. While MGAM is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGAM?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MGAM
The long-term trend has been DOWN since Aug 17th, 2023 at 0.4500
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.1164
The short-term trend has been DOWN since May 2nd, 2024 at 0.0360
Smart Scan Analysis for MGAM
Based on our trend formula, MGAM is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0300 | 0.0320 | 0.0230 | 0.0310 | -0.0015 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0325 | 94843 | 2024-05-08 15:55:07 |
| 52wk High | 0.059 | 52wk High Date | 2024-04-26 |
| 52wk Low | 0.0279 | 52wk Low Date | 2024-05-07 |
| Average Volume | 192,391 | Shares Outstanding | 20,422 |
| Assets | 3,421,344M | Liabilities | 317,607M |