SPORTRADAR GROUP AG-A (NASDAQ:SRAD) – A Strong Technical Setup for Breakout Traders

SPORTRADAR GROUP AG-A (NASDAQ:SRAD) has been identified as a standout candidate in our technical breakout screen. The stock displays strong technical health and a high-quality setup, making it worth a closer look for traders focused on momentum and consolidation patterns.

Technical Strength

SRAD currently holds a perfect Technical Rating of 10, reflecting its strong upward momentum across multiple timeframes. Key factors contributing to this score include:

• Positive trends: Both short-term and long-term trends are upward, reinforcing the stock’s bullish posture.
• Relative strength: Over the past year, SRAD has outperformed 96% of all stocks, with consistent gains spread across the period.
• Industry leadership: Within the Hotels, Restaurants & Leisure sector, SRAD ranks in the top 5% of performers among 133 peers.
• Moving averages: The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, all of which are rising—a sign of sustained bullish momentum.

Setup Quality

With a Setup Rating of 9, SRAD presents a compelling consolidation pattern, suggesting a potential breakout opportunity:

• Tight trading range: Prices have consolidated between $21.95 and $24.75 over the past month, with the stock now testing the upper boundary.
• Support and resistance: A clear support zone exists between $23.66 and $23.98, providing a logical stop-loss level. Resistance sits at $24.11, and a breakout above this level could signal further upside.
• Institutional interest: Recent activity indicates large players are accumulating shares, adding confidence to the setup.

Trade Considerations

For traders considering this setup:

• Entry: A breakout above $24.12 (just above resistance) could serve as a trigger.
• Exit: A stop-loss below $23.65 limits downside risk to 1.95%.
• Risk management: The tight stop distance relative to the stock’s average daily movement suggests traders may want to adjust positioning based on their strategy.

For more breakout opportunities, explore our Technical Breakout Setups screener.

Disclaimer

This is not investment advice. The analysis is based on technical observations at the time of writing, and market conditions can change rapidly. Always conduct your own research before making trading decisions.