Stock Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Mobile Global Esports Inc. (NASDAQ:MGAM)
Sidelines Mode (+50) - MGAM is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MGAM can gain momentum.
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.
MarketClub’s Trade Triangles for MGAM
The long-term trend has been DOWN since Aug 17th, 2023 at 0.45
The intermediate-term trend has been UP since Sep 27th, 2023 at 0.44
The short-term trend has been UP since Sep 27th, 2023 at 0.34
Smart Scan Analysis for MGAM
Based on our trend formula, MGAM is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||4.68||52wk High Date||2023-02-01|
|52wk Low||0.28||52wk Low Date||2023-09-21|
|Average Volume||295,393||Shares Outstanding||20,422|