FUN Technical Analysis - SIX FLAGS ENTERTAINMENT CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to FUN. FUN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, FUN is a bad performer in the overall market: 94% of all stocks are doing better.

FUN is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 79% are performing better than FUN.

FUN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

FUN has an average volume of 4329850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month FUN has a been trading in the 20.79 - 26.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SIX FLAGS ENTERTAINMENT CORP / FUN Weekly stock chart

SIX FLAGS ENTERTAINMENT CORP / FUN Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, FUN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.16

35.75

4 important resistance areas can be observed.

Resistance @23.97 from a trend line in the daily time frame.
A resistance zone ranging from 25.60 to 25.64. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
Resistance @26.16 from a trend line in the daily time frame.
Resistance @35.40 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for FUN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FUN is down.
ChartMill Relative Strength	6.28	NEGATIVE	FUN has a low relative strength, it was outperformed by 93.72% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of FUN is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FUN is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FUN is below a declining SMA(200).
Relative Strength Index/RSI (14)	50.02	NEUTRAL	The RSI value for FUN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.24	POSITIVE	The MACD value suggests FUN has a positive trend.
Stochastics (14,3)	60.38	NEUTRAL	The Stochastics value for FUN is a neutral value.
Average True Range in percent/ATR (20)	5.1	HIGH VOLATILITY	The high ATR as a percentage value for FUN suggests high volalility.
Average Directional Index/ADX (14)	23.03	NEUTRAL	The ADX value for FUN suggests a possible start of a new trend.