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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ELYS
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Volatile ride for Elys Game Technology Corp stock price on Friday moving between $0.121 and $0.137
(Updated on May 03, 2024)

Sell candidate since Apr 12, 2024 Loss -14.69% PDF

The Elys Game Technology Corp stock price fell by -6.46% on the last day (Friday, 3rd May 2024) from $0.137 to $0.128. During the last trading day the stock fluctuated 13.86% from a day low at $0.121 to a day high of $0.137. The price has fallen in 8 of the last 10 days and is down by -5.21% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 36 thousand shares were bought and sold for approximately $4.63 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.47% during the next 3 months and, with a 90% probability hold a price between $0.0892 and $0.114 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ELYS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.66%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Elys Game Technology Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.129 and $0.144. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Elys Game Technology Corp stock

Elys Game Technology Corp finds support from accumulated volume at $0.123 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0167 between high and low, or 13.86%. For the last week the stock has had daily average volatility of 14.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ELYS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Elys Game Technology Corp to open at $0.129, and during the day (based on 14 day Average True Range), to move between $0.113 and $0.143, which gives a possible trading interval of +/-$0.0152 (+/-11.87%) up or down from last closing price. If Elys Game Technology Corp takes out the full calculated possible swing range there will be an estimated 23.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.123 (3.93%) than the resistance at $0.135 (5.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Elys Game Technology Corp stock A Buy?

Elys Game Technology Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.886 Sell Candidate Unchanged

Predicted Opening Price for Elys Game Technology Corp of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$0.129 ( 0.464%) $0.128

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ELYS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.145 13.51 %
R2 0.139 8.53 %
R1 0.135 5.45 %
Current price: 0.128
Support S1 0.122 -4.52 %
S2 0.118 -7.60 %
S3 0.112 -12.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.155 21.05 %
R2 0.152 18.66 %
R1 0.135 5.58 %
Current price 0.128
Support S1 0.123 -3.93%
S2 0.121 -5.36%
S3 0 .

FAQ

What is the symbol for Elys Game Technology Corp Stock and on which exchange is it traded?
The symbol for Elys Game Technology Corp is ELYS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Elys Game Technology Corp Stock?
Elys Game Technology Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Elys Game Technology Corp Stock?
Elys Game Technology Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Elys Game Technology Corp Stock.

What's the current price of Elys Game Technology Corp Stock?
As of the end of day on the May 03, 2024, the price of an Elys Game Technology Corp (ELYS) share was $0.128.

What is the 52-week high and low for Elys Game Technology Corp Stock?
The 52-week high for Elys Game Technology Corp Stock is $0.770 and the 52-week low is $0.112.

What is the market capitalization of Elys Game Technology Corp Stock?
As of the May 03, 2024, the market capitalization of Elys Game Technology Corp is 4.791M.

When is the next earnings date for Elys Game Technology Corp?
The upcoming earnings date for Elys Game Technology Corp is Aug 12, 2024.
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About Elys Game Technology Corp

Elys Game Technology Elys Game Technology, Corp. provides online and land-based gaming services in Europe and North America. It offers lottery, online casino games, sports betting, poker, bingo, virtual sports betting, and horse racing, as well as skilled and interactive games and slots; virtual sports products; and operates betting platform software services for leisure betting establishments. The company provides its products through physical, land-based retail loc... ELYS Profile

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