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 8 out of 10. Although MSGE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
Looking at the yearly performance, MSGE did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
MSGE is an average performer in the Entertainment industry, it outperforms 65% of 71 stocks in the same industry.
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.
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 a resistance zone just above the current price starting at 38.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.77, a Stop Loss order could be placed below this zone.
More info and screens
28.88
39.26
We found 3 important support areas.
- A support zone ranging from 36.54 to 36.77. 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.
We found 1 important resistance area.
- A resistance zone ranging from 38.33 to 38.87. 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 | UP | POSITIVE | The short term trend for MSGE is up. |
| ChartMill Relative Strength | 70.92 | POSITIVE | MSGE has a high relative strength, it outperformed 70.92% 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) | 59.79 | NEUTRAL | The RSI value for MSGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MSGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.54 | NEUTRAL | The Stochastics value for MSGE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGE suggests some volalility. |
| Average Directional Index/ADX (14) | 33.01 | 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 |
|---|---|---|---|
| 37.28 | 36.53 | 0.75 (2.01%) | 25.00% |
| An entry @37.28. This is a Buy Stop order right above the 10 day moving average. | An exit @36.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.75 points, which is 2.01%. | For a 0.50% 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.
37.11
+0.31 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.84%
1 Week0.57%
2 Weeks-2.6%
1 Month13.35%
3 Month7.47%
6 Month0.32%
12 Month4.42%
2 Year5.76%
3 Year-45.26%
5 Year-53.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%2.73%
ATR Inc-23.06%
Range Today0.8
ADR(20)0.95
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.92
Mansfield-0.19
10 Day High38.81
10 Day Low36.33
20 Day High38.81
20 Day Low32.91
52 Week High44.14
52 Week Low28.29
CS1 End36.77
CR1 Start38.33
Volume & EV
DER(3)-2.99%
DER(5)-0.77%
Volume274.70K
Volume Incr-19.92%
Vol(5)209.66K
Vol(50)293.78K