SIX FLAGS ENTERTAINMENT CORP (FUN) Stock Technical Analysis
NYSE:FUN - New York Stock Exchange, Inc. - US83001C1080 - Common Stock - Currency: USD
Overall FUN gets a technical rating of 0 out of 10. FUN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
91% of all other stocks performed better in the past year than FUN.
FUN is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, of which 81% are performing better than FUN.
FUN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
FUN has an average volume of 2420220 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 27.07 - 33.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, FUN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
29.39
39.27
2 important support areas can be observed.
- A support zone ranging from 30.47 to 30.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.69 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 31.03 to 32.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.94 from a horizontal line in the daily time frame.
- Resistance @38.14 from a trend line in the weekly time frame.
- Resistance @38.88 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for FUN is neutral. |
| ChartMill Relative Strength | 9.37 | NEGATIVE | FUN has a low relative strength, it was outperformed by 90.63% 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) | 48.62 | NEUTRAL | The RSI value for FUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FUN has a positive trend. |
| Stochastics (14,3) | 46.95 | NEUTRAL | The Stochastics value for FUN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for FUN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.79 | NEGATIVE | The low ADX value for FUN suggests a weak or negative trend. |
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)
30.61
+0.92 (+3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg3.1%
1 Week-2.52%
2 Weeks-1.13%
1 Month-1.48%
3 Month-14.76%
6 Month-30.43%
12 Month-29.11%
2 Year-23.57%
3 Year-26.93%
5 Year3.59%
10 Year-44.53%
15 Year167.1%
Volatility
ATR(14)1.2
ATR(20)%4.04%
ATR Inc11.55%
Range Today1.6
ADR(20)1.18
ADR(20)%3.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.37
Mansfield-2.77
10 Day High33.5
10 Day Low28.8
20 Day High33.5
20 Day Low27.07
52 Week High49.77
52 Week Low27.07
CS1 End30.5
CR1 Start31.03
Volume & EV
DER(3)-3.3%
DER(5)-1.24%
Volume5.15M
Volume Incr1.07%
Vol(5)2.74M
Vol(50)2.42M