An Analysis of The NFT Gaming Company Inc. (NFTG)’s Potential Price Growth


In a filing, The NFT Gaming Company Inc. revealed its CEO & Chairman MATS VADIM acquired Company’s shares for reported $1817.0 on Jun 22. In the deal valued at $0.66 per share,2,750 shares were bought. As a result of this transaction, MATS VADIM now holds 2,674,423 shares worth roughly $ 1.12 million.

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Then, MATS VADIM bought 2,500 shares, generating $2,500 in total proceeds. Upon buying the shares at $1.00, the CEO & Chairman now owns 2,671,673 shares.

Price Performance Review of NFTG

On Friday, The NFT Gaming Company Inc. [NASDAQ:NFTG] saw its stock fall -4.36% to $0.42. On the same session, the stock had its day’s lowest price of $0.4208, but rose to a high of $0.466. Over the last five days, the stock has lost -0.28%. The NFT Gaming Company Inc. shares have fallen nearly -89.61% since the year began. A total of 51920.0 shares were traded, compared to the trading of 0.19 million shares in the previous session.

Levels Of Support And Resistance For NFTG Stock

The 24-hour chart illustrates a support level at 0.4057, which if violated will result in even more drops to 0.3907. On the upside, there is a resistance level at 0.4509. A further resistance level may holdings at 0.4811. The Relative Strength Index (RSI) on the 14-day chart is 32.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0660, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.77%. Stochastics %K at 24.08% indicates the stock is a holding.

How much short interest is there in The NFT Gaming Company Inc.?

A steep rise in short interest was recorded in The NFT Gaming Company Inc. stocks on Aug 14, 2023, dropping by -0.31 million shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.44 million shares. There was a decline of -231.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.43.


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