MADISON SQUARE GARDEN ENTERT (MSGE) Stock Technical Analysis
NYSE:MSGE - New York Stock Exchange, Inc. - US5582561032 - Common Stock - Currency: USD
Overall MSGE gets a technical rating of 4 out of 10. MSGE was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
66% of all other stocks performed better in the past year than MSGE.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MSGE is an average performer in the Entertainment industry, it outperforms 45% of 73 stocks in the same industry.
MSGE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MSGE is lagging the market.
In the last month MSGE has a been trading in the 36.49 - 41.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MSGE has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.88
41.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 37.49 to 38.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.55 to 36.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.34 from a horizontal line in the weekly time frame.
- Support @29.17 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.95 to 40.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MSGE is neutral. |
| ChartMill Relative Strength | 34.97 | NEUTRAL | MSGE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MSGE is below a declining 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) | DOWN | MIXED | The current price of MSGE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.31 | NEUTRAL | The RSI value for MSGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MSGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.78 | NEUTRAL | The Stochastics value for MSGE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.15 | NEUTRAL | The ADX value for MSGE suggests a possible start of a new 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)
38.93
+0.91 (+2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg2.39%
1 Week1.8%
2 Weeks-2.01%
1 Month-3.83%
3 Month1.59%
6 Month2.8%
12 Month-3.88%
2 Year21.32%
3 Year-29.93%
5 Year-48.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%2.5%
ATR Inc-19.77%
Range Today0.87
ADR(20)0.93
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.97
Mansfield-0.35
10 Day High40.16
10 Day Low36.49
20 Day High41.02
20 Day Low36.49
52 Week High44.14
52 Week Low28.29
CS1 End38.08
CR1 Start39.95
Volume & EV
DER(3)2.55%
DER(5)3.16%
Volume292.30K
Volume Incr-28.9%
Vol(5)206.27K
Vol(50)316.95K