Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


SIX FLAGS ENTERTAINMENT CORP

New York Stock Exchange, Inc. / Consumer Discretionary / Hotels, Restaurants & Leisure

Technical Rating and Analysis

7

Overall SIX gets a technical rating of 7 out of 10. Although SIX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
SIX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SIX is lagging the market slightly.
When compared to the yearly performance of all other stocks, SIX outperforms 42% of them, which is more or less in line with the market.
SIX is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 51% of 135 stocks in the same industry.
In the last month SIX has a been trading in the 24.82 - 26.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
SIX Weekly chart
SIX Daily chart
Setup Rating and Analysis

10

SIX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SIX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

22.70

26.71

4 important support areas can be observed.

  • A support zone ranging from 25.31 to 25.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 24.61 to 24.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @24.15 from a horizontal line in the daily time frame.
  • A support zone ranging from 22.93 to 23.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 26.33 to 26.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.57
Mansfield-0.68
10 Day High26.64
10 Day Low24.82
20 Day High26.94
20 Day Low24.82
52 Week High28.99
52 Week Low18.29
Performance
1 Week3.26%
2 Weeks2.49%
1 Month3.87%
3 Month4.94%
6 Month11.95%
12 Month-1.46%
2 Year-39.49%
3 Year-43.36%
5 Year-46.67%
10 Year-34.45%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)57.98
LBB25.13
UBB26.39
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
26.4625.301.16 (4.38%)22.81%
An entry @26.46. This is a Buy Stop order right above the resistance zone.An exit @25.30. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.16 points, which is 4.38%.For a 1.00% total portfolio risk, you can invest 22.81% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.