Engine Gaming and Media, Inc. Stock Forecast
Engine Gaming and Media, Inc. stock price up 1.27% on Friday
(Updated on Apr 26, 2024)
The Engine Gaming and Media, Inc. stock price gained 1.27% on the last trading day (Friday, 26th Apr 2024), rising from $1.58 to $1.60. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.18% from a day low at $1.53 to a day high of $1.64. The price has risen in 6 of the last 10 days but is still down by -15.79% for this period. Volume fell on the last day by -80 thousand shares and in total, 136 thousand shares were bought and sold for approximately $218.07 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.13% during the next 3 months and, with a 90% probability hold a price between $1.51 and $2.37 at the end of this 3-month period.
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GAME Signals & Forecast
The Engine Gaming and Media, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.50 and $1.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 14.29%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Engine Gaming and Media, Inc. stock
Engine Gaming and Media, Inc. finds support from accumulated volume at $1.56 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.110 between high and low, or 7.18%. For the last week the stock has had daily average volatility of 10.11%.
Our recommended stop-loss: $1.54 (-3.60%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (GAME) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Engine Gaming and Media, Inc. to open at $1.59, and during the day (based on 14 day Average True Range), to move between $1.43 and $1.77, which gives a possible trading interval of +/-$0.171 (+/-10.66%) up or down from last closing price. If Engine Gaming and Media, Inc. takes out the full calculated possible swing range there will be an estimated 21.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.56 (2.50%) than the resistance at $1.71 (6.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Engine Gaming and Media, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Engine Gaming and Media, Inc. stock to perform well in the short-term.
Current score: 1.584 Buy Candidate Unchanged
Predicted Opening Price for Engine Gaming and Media, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.59 ( 0.627%) | $1.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAME
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.70 | 6.24 % | |
| R2 | 1.66 | 3.62 % | ||
| R1 | 1.63 | 2.00 % | ||
| Current price: | 1.60 | |||
| Support | S1 | 1.55 | -3.25 % | |
| S2 | 1.52 | -4.87 % | ||
| S3 | 1.48 | -7.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.87 | 16.88 % | |
| R2 | 1.73 | 8.12 % | ||
| R1 | 1.71 | 6.87 % | ||
| Current price | 1.60 | |||
| Support | S1 | 1.56 | -2.50% | |
| S2 | 1.43 | -10.63% | ||
| S3 | 1.31 | -18.13% |
GAME Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 12, 2012 | Jan 23, 2012 | Jan 23, 2012 | $1.02 | 0% |
| 2 | Dec 18, 2011 | Dec 18, 2011 | Dec 18, 2011 | $1.02 | 0% |
FAQ
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