MADISON SQUARE GARDEN ENTERT (MSGE) Stock Technical Analysis
USA - NYSE:MSGE - US5582561032 - Common Stock
46.18 USD
+0.58 (+1.27%)
46.18 USD
0 (0%)
Taking everything into account, MSGE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MSGE is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MSGE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MSGE is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that MSGE is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MSGE is part of the Entertainment industry. There are 80 other stocks in this industry, MSGE did better than 65% of them.
In the last month MSGE has a been trading in the 41.65 - 48.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MSGE has an excellent technical rating, the quality of the presented setup is 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
30.04
46.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 42.56 to 42.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.76 to 41.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.38 to 40.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.55 from a horizontal line in the daily time frame.
- Support @30.34 from a horizontal 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 | 75.15 | POSITIVE | MSGE has a high relative strength, it outperformed 75.15% 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) | 60.43 | NEUTRAL | The RSI value for MSGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MSGE has a positive trend. |
| Stochastics (14,3) | 63.36 | NEUTRAL | The Stochastics value for MSGE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.19 | POSITIVE | The high ADX value value for MSGE suggests a strong 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)
46.18
+0.58 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.27%
1 Week2.65%
2 Weeks8.23%
1 Month2.26%
3 Month16.06%
6 Month41.4%
12 Month9.46%
2 Year51.51%
3 Year-5.81%
5 Year-28.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.48
ATR(20)%3.15%
ATR Inc-19.95%
Range Today1.01
ADR(20)1.41
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.15
3 months CRS84.91
6 months CRS84.13
Mansfield1.18
10 Day High46.24
10 Day Low41.65
20 Day High48.09
20 Day Low41.65
52 Week High48.09
52 Week Low28.29
CS1 End42.86
CR1 StartN/A
Volume & EV
DER(3)-2.39%
DER(5)-2.99%
Volume354.70K
Volume Incr-21.88%
Vol(5)306.08K
Vol(50)387.37K