RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NGMS
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NeoGames S.A. stock price up 0.277% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 20, 2024 Gain 3.57% PDF

The NeoGames S.A. stock price gained 0.277% on the last trading day (Wednesday, 27th Mar 2024), rising from $28.92 to $29.00. During the last trading day the stock fluctuated 0.311% from a day low at $28.91 to a day high of $29.00. The price has been going up and down for this period, and there has been a 0.55% gain for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 54 thousand shares were bought and sold for approximately $1.57 million. 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 upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $29.10 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.42% during the next 3 months and, with a 90% probability hold a price between $29.38 and $30.10 at the end of this 3-month period.

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NGMS Signals & Forecast

The NeoGames S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.91 and $28.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 06, 2024, and so far it has risen 4.09%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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). The stock had a Golden Star Signal on Wednesday, February 21, 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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, February 21, 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.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, February 06, 2024 with a target of $27.92. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for NeoGames S.A. stock

NeoGames S.A. finds support from accumulated volume at $28.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 0.311%. For the last week the stock has had daily average volatility of 0.288%.

Our recommended stop-loss: $27.81 (-4.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (NGMS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NeoGames S.A. to open at $28.97, and during the day (based on 14 day Average True Range), to move between $28.85 and $29.15, which gives a possible trading interval of +/-$0.147 (+/-0.51%) up or down from last closing price. If NeoGames S.A. takes out the full calculated possible swing range there will be an estimated 1.02% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $28.88, some $0.120 (0.41%) from the current price of $29.00, our system finds the risk reward attractive.

Is NeoGames S.A. stock A Buy?

NeoGames S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for NeoGames S.A. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$28.97 ( 0.103%) $29.00

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

Trading levels for NGMS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.06 0.207 %
R2 29.03 0.0883 %
R1 29.00 0.0151 %
Current price: 29.00
Support S1 28.94 -0.222 %
S2 28.91 -0.295 %
S3 28.88 -0.414 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 29.00
Support S1 28.88 -0.414%
S2 28.30 -2.41%
S3 28.02 -3.38%

FAQ

What is the symbol for NeoGames S.A. Stock and on which exchange is it traded?
The symbol for NeoGames S.A. is NGMS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NeoGames S.A. Stock?
NeoGames S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy NeoGames S.A. Stock?
NeoGames S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NeoGames S.A. Stock.

What's the current price of NeoGames S.A. Stock?
As of the end of day on the 2024-03-27, the price of an NeoGames S.A. (NGMS) share was $29.00.

What is the 52-week high and low for NeoGames S.A. Stock?
The 52-week high for NeoGames S.A. Stock is $29.00 and the 52-week low is $12.55.

What is the market capitalization of NeoGames S.A. Stock?
As of the 2024-03-27, the market capitalization of NeoGames S.A. is 975.325M.

When is the next earnings date for NeoGames S.A.?
The upcoming earnings date for NeoGames S.A. is May 08, 2024.
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About NeoGames S.A.

NeoGames S.A. NeoGames S.A. provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's ... NGMS Profile

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