MADISON SQUARE GARDEN ENTERT (MSGE) Stock Technical Analysis
NYSE:MSGE • US5582561032
Overall MSGE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MSGE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MSGE did better than 92% of all other stocks. On top of that, MSGE also shows a nice and consistent pattern of rising prices.
- MSGE is part of the Entertainment industry. There are 80 other stocks in this industry. MSGE outperforms 93% of them.
- MSGE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MSGE has a been trading in the 57.75 - 65.26 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, MSGE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 61.80, a Stop Loss order could be placed below this zone.
More info and screens
46.51
We found 4 important support areas.
- A support zone ranging from 60.61 to 61.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.15 from a horizontal line in the daily time frame.
- Support @54.01 from a trend line in the daily time frame.
- Support @46.98 from a trend line 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 | UP | POSITIVE | The long term trend for MSGE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSGE is up. |
| ChartMill Relative Strength | 92.52 | POSITIVE | MSGE has a high relative strength, it outperformed 92.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MSGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MSGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.23 | NEUTRAL | The RSI value for MSGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MSGE has a positive trend. |
| Stochastics (14,3) | 79.67 | NEUTRAL | The Stochastics value for MSGE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGE suggests some volalility. |
| Average Directional Index/ADX (14) | 31.61 | POSITIVE | The high ADX value value for MSGE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 65.27 | 60.60 | 4.67 (7.15%) | 13.98% |
| An entry @65.27. This is a Buy Stop order right above the 10 day high. | An exit @60.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.67 points, which is 7.15%. | For a 1.00% total portfolio risk, you can invest 13.98% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
63.71
+0.56 (+0.89%)
MADISON SQUARE GARDEN ENTERT / MSGE FAQ
What is the technical rating for MSGE stock?
ChartMill assigns a technical rating of 10 / 10 to MSGE.
Can you provide the trend direction for MADISON SQUARE GARDEN ENTERT?
The current trend direction for MADISON SQUARE GARDEN ENTERT (MSGE) is Bullish.
Can you provide the RSI signal for MADISON SQUARE GARDEN ENTERT?
MADISON SQUARE GARDEN ENTERT (MSGE) has an RSI value of 64.232. This indicates that the stock is currently neutral.
What is the MACD signal for MSGE stock?
The MACD indicator for MADISON SQUARE GARDEN ENTERT (MSGE) has a value of 0.0915631, indicating a bearish trend.
What are the support and resistance levels for MADISON SQUARE GARDEN ENTERT (MSGE) stock?
MADISON SQUARE GARDEN ENTERT (MSGE) has a support level at 61.8. Check the full technical report for our detailed analysis of MSGE support and resistance levels.