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Golden Matrix Group, Inc.

GMGI•NASDAQ
Technology
Electronic Gaming & Multimedia
$0.64
$0.06(9.86%)
U.S. Market is Open • 14:16

Golden Matrix Group, Inc. (GMGI) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Golden Matrix Group, Inc. (NASDAQ:GMGI).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

GMGI Technical Analysis Summary

Golden Matrix Group, Inc. stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 50.84)
Trend Strength:Strong (ADX: 31.03)
Volatility:High (ATR: 11.22)
Support/Resistance:$-33.25 – $46.02 (Bollinger Bands)

Technical conditions suggest Golden Matrix Group, Inc. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 50.84

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 8.44

Bullish
Oversold zone signals rebound potential.

Williams %R: -90.59

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): 1475.73

Strongly Bullish
Strong upside momentum.

Takeaway:Golden Matrix Group, Inc. shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 4.70

Bullish
Bullish, trend momentum is strengthening.

ADX: 31.03

Strong
Strong trend, momentum well established.

ATR (14): 11.22

Rising
Rising volatility, market activity increasing.

CCI (14): 6.55

Neutral
Neutral, no strong directional signal.

Takeaway:Golden Matrix Group, Inc. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$46.02
Middle Band (SMA 20)
$6.38
Lower Band
$-33.25
Current Position
Within Bands

Takeaway:Golden Matrix Group, Inc. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$31.62
Middle Line (EMA 20)
$9.19
Lower Channel
$-13.24
Squeeze Status
No Squeeze

Takeaway:Golden Matrix Group, Inc. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-2.18M
Money Flow Index50.92Neutral, balanced money flows with no clear signal.
Relative Vigor Index76.84Bullish, price momentum strongly favors buyers.

Overall Takeaway:GMGI shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Golden Matrix Group, Inc., here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Golden Matrix Group, Inc. are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ