Madison Square Garden Sports Corp. (MSG) Technical Analysis
NASDAQ:MSG
Current stock price
MSG Technical Rating and Analysis
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 comparing the performance of all stocks over the past year, MSG turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- MSG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MSG is lagging the market slightly.
MSG Weekly and Daily overview Charts
MSG Setup Rating and Analysis
Although the technical rating is bad, MSG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
MSG Support and Resistance Analysis
204.10
We found 2 important support areas.
- 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.
MSG 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 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. |
MSG Chart- and CandleStick Pattern Analysis
MSG Technicals: Chart, Performance Metrics, Trend & Indicators
237.22
+7.31 (+3.18%)
Madison Square Garden Sports Corp. / MSG TA 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 Madison Square Garden Sports Corp. (MSG) stock?
Madison Square Garden Sports Corp. (MSG) has an RSI value of 53.6549. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Madison Square Garden Sports Corp.?
The MACD indicator for Madison Square Garden Sports Corp. (MSG) has a value of 4.02509, indicating a bullish trend.
Can you provide the support and resistance levels for Madison Square Garden Sports Corp.?
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.