Madison Square Garden Sports Corp. (MSG) Stock Technical Analysis
NASDAQ:MSG
Overall MSG gets a technical rating of 2 out of 10. MSG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- MSG 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.
- When compared to the yearly performance of all other stocks, MSG outperforms 47% of them, which is more or less in line with the market.
- MSG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MSG is lagging the market.
Although the technical rating is bad, MSG 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 242.16. Right above this resistance zone may be a good entry point.
More info and screens
204.10
2 important support areas can be observed.
- A support zone ranging from 221.89 to 224.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @206.16 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 242.16 to 242.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @290.84 from a horizontal line in the daily time frame.
- Resistance @296.26 from a horizontal line in the daily time frame.
- A resistance zone ranging from 308.92 to 309.97. This zone is formed by a combination of multiple trend lines in the weekly 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 MSG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MSG is neutral. |
| ChartMill Relative Strength | 47.9 | NEUTRAL | MSG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MSG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MSG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.65 | NEUTRAL | The RSI value for MSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.03 | POSITIVE | The MACD value suggests MSG has a positive trend. |
| Stochastics (14,3) | 63.28 | NEUTRAL | The Stochastics value for MSG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for MSG suggests high volalility. |
237.22
+7.31 (+3.18%)
Madison Square Garden Sports Corp. / MSG FAQ
What is the technical rating for MSG stock?
ChartMill assigns a technical rating of 2 / 10 to MSG.
Can you provide the trend direction for Madison Square Garden Sports Corp.?
The current trend direction for Madison Square Garden Sports Corp. (MSG) is Bearish.
What is the RSI signal for MSG stock?
Madison Square Garden Sports Corp. (MSG) has an RSI value of 53.6549. This indicates that the stock is currently neutral.
What is the short term momentum for Madison Square Garden Sports Corp. (MSG) stock?
The short term momentum for Madison Square Garden Sports Corp. (MSG) is neutral.
What is the support and resistance level for MSG stock?
Madison Square Garden Sports Corp. (MSG) has a support level at 224.83 and a resistance level at 242.16. Check the full technical report for our detailed analysis of MSG support and resistance levels.