SIX FLAGS ENTERTAINMENT CORP (FUN) Stock Technical Analysis
NYSE:FUN - New York Stock Exchange, Inc. - US83001C1080 - Common Stock - Currency: USD
Taking everything into account, FUN scores 0 out of 10 in our technical rating. 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.
89% of all other stocks performed better in the past year than FUN.
FUN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 83% of 133 stocks in the same industry do better.
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.
In the last month FUN has a been trading in the 31.52 - 38.27 range, which is quite wide. It is currently trading near the lows of this range.
FUN has an average volume of 2167980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, FUN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 34.27. Right above this resistance zone may be a good entry point.
More info and screens
31.71
48.83
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 34.27 to 35.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.88 from a horizontal line in the daily time frame.
- Resistance @40.87 from a trend line in the weekly time frame.
- Resistance @48.35 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 | DOWN | NEGATIVE | The short term trend for FUN is down. |
| ChartMill Relative Strength | 11.47 | NEGATIVE | FUN has a low relative strength, it was outperformed by 88.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FUN is below 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) | 39.4 | NEUTRAL | The RSI value for FUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests FUN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.12 | OVERSOLD | The low Stochastics value suggests FUN may be oversold. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for FUN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.8 | 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)
32.03
-0.67 (-2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.05%
1 Week-3.7%
2 Weeks-7.24%
1 Month-13.81%
3 Month-15.26%
6 Month-30.52%
12 Month-31.46%
2 Year-19.86%
3 Year-27.06%
5 Year16.47%
10 Year-41.22%
15 Year159.98%
Volatility
ATR(14)1.23
ATR(20)%4.25%
ATR Inc-8.63%
Range Today1.27
ADR(20)1.31
ADR(20)%4.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.47
Mansfield-2.77
10 Day High34.96
10 Day Low31.52
20 Day High38.27
20 Day Low31.52
52 Week High58.7
52 Week Low28.02
CS1 EndN/A
CR1 Start34.27
Volume & EV
DER(3)0.36%
DER(5)0.62%
Volume2.15M
Volume Incr-15.02%
Vol(5)2.06M
Vol(50)2.17M