Entertainment in this Week’s Analysis!
Aksjeanalyser.com examines a gaming company on Nasdaq!
G5 Entertainment (ticker on Nasdaq Stockholm: G5EN)
The share is showing strong development, and further increases are signaled in the short and longer term. Read more about this below under the technical analysis of G5 Entertainment.
First, briefly about the company
G5 Entertainment (G5EN)
G5 Entertainment Group (NASDAQ OMX: G5EN.ST) is a group of companies headquartered and publicly listed in Stockholm since 2006 and New York since 2019. The group develops and publishes high quality free-to-play games for smartphones, tablets and personal computers that are family-friendly, easy to learn, and targeted at the widest audience of both experienced and novice players. The company distributes its games through the G5 Store (www.g5.com), Apple App store, Google Play, Amazon Appstore and Microsoft Store. The company’s portfolio includes popular games like Jewels of Rome®, Sherlock: Hidden Match-3 Cases, Jewels of the Wild West®, Hidden City®, Mahjong Journey® and The Secret Society®.
For more information about the company visit their website here.
Technical Analysis of G5 Entertainment
The G5EN share shows a strong development within a rising trend, and further price increases are signaled for the share within this trend. According to this rising trend, a potential for the share is indicated at around SEK 235.00 in 3-6 months’ time, and in 12-18 months’ time up to SEK 300.00 – 400.00 (the Swedish Redeye.se also has a Bull case target price for G5EN- at SEK 450.00).
G5EN has broken upwards through a technical resistance level around SEK 130.00, and there will now be support for the stock around that level in the event of a downward correction.
Furthermore, the stock is above both the 50-day and 200-day moving averages and the 50-day moving average is above the 200-day moving average. This confirms that the stock is in a positive trend both in the short and long term.
Various momentum indicators are also signalling further gains for the stock.
The BEST model in Vikingen also find G5EN to be a buy candidate!
The BEST model in Vikingen is also in a buy signal for the G5EN stock. This popular and effective technical analysis model was developed by Peter Östevik. He finalized the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software. If we look at the weekly chart for the share, we see that it has fluctuated widely in recent years, fluctuating between SEK 80.00 and SEK 600 in the period from 2018 until today.
At the end of 2024 a buy signal was triggered when the stock broke out of the long term falling trend, where the stock had fallen from the SEK 600.00 level in 2021 down to the SEK 80.00 level in the fall of 2024 (see weekly chart).
The overall technical picture for the G5EN share is thus positive and Aksjeanalyser.com considers the share to be an interesting and exciting buy candidate at the current price level.
The potential for the share is therefore estimated to be around SEK 235.00 in 3-6 months’ time, and SEK 300.00 – 400.00 in 12-18 months’ time.
Aksjeanalyser.com is not alone in seeing significant upside for G5 Entertainment (G5EN), and the Swedish research firm Redeye.se is also positive on the stock, Redeye.se has a base case target price for the G5EN share of SEK 280.00 and a bull case target price of SEK 450.00. The G5EN share is traded around SEK 143.00 on Tuesday morning and the company has a market capitalization of around SEK 1.17 Bn. Source.
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