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 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MSGE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
MSGE 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 yearly performance of all stocks, we notice that MSGE is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MSGE is part of the Entertainment industry. There are 72 other stocks in this industry, MSGE did better than 63% of them.
MSGE 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 MSGE is lagging the market slightly.
Although MSGE has an excellent technical rating, it does not offer a high quality setup 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
39.26
3 important support areas can be observed.
- A support zone ranging from 35.90 to 37.36. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- Resistance @38.87 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 | 80.78 | POSITIVE | MSGE has a high relative strength, it outperformed 80.78% 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) | DOWN | MIXED | The current price of MSGE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.94 | NEUTRAL | The RSI value for MSGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MSGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.29 | NEUTRAL | The Stochastics value for MSGE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.59 | 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)
38.44
+1.05 (+2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg2.81%
1 Week4.37%
2 Weeks1.42%
1 Month5.03%
3 Month13.56%
6 Month15.09%
12 Month14.3%
2 Year14.34%
3 Year-26.95%
5 Year-48.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%2.05%
ATR Inc35.33%
Range Today0.99
ADR(20)0.76
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.78
Mansfield0.07
10 Day High38.62
10 Day Low36.11
20 Day High38.62
20 Day Low36.11
52 Week High44.14
52 Week Low28.29
CS1 End37.36
CR1 Start38.87
Volume & EV
DER(3)-1.06%
DER(5)-1.61%
Volume459.70K
Volume Incr27.58%
Vol(5)320.56K
Vol(50)277.63K