ENDEAVOR GROUP HOLD-CLASS A (EDR)

US29260Y1091 - Common Stock

26.43  -0.01 (-0.04%)

After market: 26.43 0 (0%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to EDR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EDR is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
EDR is one of the better performing stocks in the Entertainment industry, it outperforms 71% of 77 stocks in the same industry.
EDR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EDR is leading the market.
EDR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
EDR has an average volume of 5212730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, EDR outperforms 53% of them, which is more or less in line with the market.

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Weekly and Daily overview Charts
EDR Weekly chart
EDR Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, EDR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 26.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.41, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

22.55

26.83

4 important support areas can be observed.

  • A support zone ranging from 26.11 to 26.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @24.60 from a horizontal line in the daily time frame.
  • Support @23.27 from a horizontal line in the weekly time frame.
  • A support zone ranging from 22.78 to 22.78. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 26.50 to 26.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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
CRS53.69
Mansfield0.23
10 Day High26.54
10 Day Low26.29
20 Day High26.63
20 Day Low25.07
52 Week High26.63
52 Week Low17.65
Performance
1 Week-0.04%
2 Weeks0.11%
1 Month3.61%
3 Month3.93%
6 Month15.67%
12 Month2.52%
2 Year16.18%
3 Year-4.1%
5 YearN/A
10 YearN/A
15 YearN/A

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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)

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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)-0.06
RSI(14)62.1
LBB26.29
UBB26.56

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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
26.5726.280.29 (1.09%)25.00%
An entry @26.57. This is a Buy Stop order right above the resistance zone.An exit @26.28. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.29 points, which is 1.09%.For a 0.27% total portfolio risk, you can invest 25.00% 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.

More info and screens

EDR Daily chart

ENDEAVOR GROUP HOLD-CLASS A

NYSE:EDR (4/25/2024, 7:04:00 PM)

After market: 26.43 0 (0%)

26.43

-0.01 (-0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.04%
1 Week-0.04%
2 Weeks0.11%
1 Month3.61%
3 Month3.93%
6 Month15.67%
12 Month2.52%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.14
ATR(20)%0.96%
ATR Inc
Range Today0.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High26.54
10 Day Low26.29
20 Day High26.63
20 Day Low25.07
52 Week High26.63
52 Week Low17.65
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.45M
Volume Incr-74.07%
Vol(5)2.20M
Vol(50)5.21M