MADISON SQUARE GARDEN ENTERT (MSGE) Stock Technical Analysis
USA - NYSE:MSGE - US5582561032 - Common Stock
45.29 USD
+0.49 (+1.09%)
45.29 USD
0 (0%)
Overall MSGE gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
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 39.85 - 46.74 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MSGE outperforms 66% of them, which is more or less in line with the market.
MSGE is part of the Entertainment industry. There are 80 other stocks in this industry, MSGE did better than 53% of them.
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
28.88
46.51
When analyzing the support we can see 5 important areas.
- A support zone ranging from 44.79 to 45.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.86 to 39.08. 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.
- Support @29.17 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @46.05 from a horizontal line in the daily 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 | 66.18 | NEUTRAL | MSGE is not amongst the best or worst performers 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) | 65.85 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 72.4 | NEUTRAL | The Stochastics value for MSGE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.01 | 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)
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 |
|---|---|---|---|
| 46.06 | 44.78 | 1.28 (2.78%) | 25.00% |
| An entry @46.06. This is a Buy Stop order right above the resistance zone. | An exit @44.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.28 points, which is 2.78%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MSGE. Please evaluate whether better entry and exit points can be found.
- 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.
45.29
+0.49 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.09%
1 Week0.31%
2 Weeks2.3%
1 Month10.73%
3 Month11.83%
6 Month34.35%
12 Month7.48%
2 Year37.62%
3 Year2.72%
5 Year-33.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%2.31%
ATR Inc-25.46%
Range Today1.15
ADR(20)1.04
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.18
Mansfield0.98
10 Day High46.74
10 Day Low43.06
20 Day High46.74
20 Day Low39.85
52 Week High46.74
52 Week Low28.29
CS1 End45.28
CR1 Start46.05
Volume & EV
DER(3)-4.22%
DER(5)-2.61%
Volume324.00K
Volume Incr-13.32%
Vol(5)333.78K
Vol(50)344.43K