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$BET (Betmakers Technology Group Ltd) Price Analysis
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Penke

I guess you are interested in Betmakers Technology Group Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Betmakers Technology Group Ltd’s Price Targets

I'm going to help you getting a better view of Betmakers Technology Group Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Betmakers Technology Group Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Betmakers Technology Group Ltd. The general trend of Betmakers Technology Group Ltd is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Betmakers Technology Group Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Betmakers Technology Group Ltd Price Targets

1.1 sr

Score

Let's take a look at the sr of Betmakers Technology Group Ltd.

  • The price is currently trading around a support level. This can be considered as a potential entry level.
Betmakers Technology Group Ltd Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Betmakers Technology Group Ltd.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is leading the INTER, indicating positive trend alignment.
  • The SHORT is leading the LONG, indicating positive trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is leading the INTER, indicating positive trend alignment.
  • The MEDIUM is leading the LONG, indicating positive trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is supported by the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Betmakers Technology Group Ltd Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Betmakers Technology Group Ltd.

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Betmakers Technology Group Ltd.
  • Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.
Betmakers Technology Group Ltd Daily macd ChartBetmakers Technology Group Ltd Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Betmakers Technology Group Ltd.

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Directional bias is mildly bullish, but overall trend conditions remain weak and lack clear conviction.
Betmakers Technology Group Ltd Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Betmakers Technology Group Ltd.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
Betmakers Technology Group Ltd Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Betmakers Technology Group Ltd. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Momentum is weakening as selling pressure becomes more pronounced.
Betmakers Technology Group Ltd Daily rsi ChartBetmakers Technology Group Ltd Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Betmakers Technology Group Ltd. The current phase is Oversold in neutral market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Betmakers Technology Group Ltd.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Betmakers Technology Group Ltd Daily stoch ChartBetmakers Technology Group Ltd Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Betmakers Technology Group Ltd.

Betmakers Technology Group Ltd Daily cci ChartBetmakers Technology Group Ltd Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Betmakers Technology Group Ltd.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Betmakers Technology Group Ltd Daily cmo ChartBetmakers Technology Group Ltd Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Betmakers Technology Group Ltd.

  • Downward momentum appears stretched, suggesting selling pressure may be exhausted and conditions could stabilize or rebound.
Betmakers Technology Group Ltd Daily willr ChartBetmakers Technology Group Ltd Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Betmakers Technology Group Ltd.

Betmakers Technology Group Ltd Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Betmakers Technology Group Ltd.

Betmakers Technology Group Ltd Daily atr ChartBetmakers Technology Group Ltd Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Betmakers Technology Group Ltd.

Betmakers Technology Group Ltd Daily obv ChartBetmakers Technology Group Ltd Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Betmakers Technology Group Ltd.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Betmakers Technology Group Ltd Daily mfi ChartBetmakers Technology Group Ltd Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Betmakers Technology Group Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Betmakers Technology Group Ltd Daily Candlestick Chart
DateCandlestick Pattern
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