MADISON SQUARE GARDEN ENTERT (MSGE) Stock Technical Analysis
NYSE:MSGE - US5582561032 - Common Stock
40.86 USD
+0.39 (+0.96%)
40.86 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.
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.
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 performance of all stocks over the past year, MSGE turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
MSGE is an average performer in the Entertainment industry, it outperforms 52% of 79 stocks in the same industry.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 40.98. Right above this resistance zone may be a good entry point.
More info and screens
28.88
41.39
We found 5 important support areas.
- A support zone ranging from 38.74 to 39.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.60 to 37.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.32 to 36.82. 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.
We found 1 important resistance area.
- Resistance @40.98 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 | 48.31 | 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) | 61.3 | NEUTRAL | The RSI value for MSGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests MSGE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.27 | OVERBOUGHT | The high Stochastics value suggests MSGE may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.28 | NEGATIVE | The low ADX value for MSGE suggests a weak or negative 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 |
|---|---|---|---|
| 40.99 | 37.85 | 3.14 (7.66%) | 13.05% |
| An entry @40.99. This is a Buy Stop order right above the resistance zone. | An exit @37.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.14 points, which is 7.66%. | When investing 13.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
40.86
+0.39 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.96%
1 Week-0.1%
2 Weeks8.5%
1 Month7.39%
3 Month8.18%
6 Month28.29%
12 Month2.1%
2 Year24.16%
3 Year-7.33%
5 Year-40.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%2.88%
ATR Inc-24.91%
Range Today0.93
ADR(20)1.12
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.31
Mansfield0.08
10 Day High41.23
10 Day Low37.86
20 Day High41.23
20 Day Low35.31
52 Week High44.14
52 Week Low28.29
CS1 End39.16
CR1 Start40.98
Volume & EV
DER(3)-4.49%
DER(5)-3.56%
Volume224.80K
Volume Incr3.21%
Vol(5)362.80K
Vol(50)344.46K