MADISON SQUARE GARDEN SPORTS (MSGS) Technical Analysis
NYSE:MSGS • US55825T1034
Taking everything into account, MSGS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MSGS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MSGS is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, MSGS also shows a nice and consistent pattern of rising prices.
- MSGS is part of the Entertainment industry. There are 80 other stocks in this industry. MSGS outperforms 92% of them.
- MSGS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MSGS is performing more or less in line with the market.
- In the last month MSGS has a been trading in the 276.74 - 345.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MSGS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 312.30, a Stop Loss order could be placed below this zone.
More info and screens
178.09
We found 5 important support areas.
- A support zone ranging from 312.30 to 312.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @300.65 from a trend line in the daily time frame.
- Support @236.85 from a trend line in the daily time frame.
- Support @212.32 from a trend line in the weekly time frame.
- Support @179.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 315.99 to 319.56. This zone is formed by a combination of multiple trend lines and important moving averages 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 MSGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSGS is up. |
| ChartMill Relative Strength | 91.96 | POSITIVE | MSGS has a high relative strength, it outperformed 91.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MSGS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MSGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MSGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.45 | NEUTRAL | The RSI value for MSGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.51 | NEGATIVE | The MACD value suggests MSGS has a negative trend. |
| Stochastics (14,3) | 25.53 | NEUTRAL | The Stochastics value for MSGS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGS suggests some volalility. |
| Average Directional Index/ADX (14) | 35.37 | POSITIVE | The high ADX value value for MSGS suggests a strong trend. |
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 |
|---|---|---|---|
| 319.57 | 312.29 | 7.28 (2.28%) | 25.00% |
| An entry @319.57. This is a Buy Stop order right above the resistance zone. | An exit @312.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.28 points, which is 2.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- The distance between exit and entry is rather small compared to the average daily movement of MSGS. 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.
MSGS Technicals: Chart, Performance Metrics, Trend & Indicators
312.31
-4.18 (-1.32%)
MADISON SQUARE GARDEN SPORTS / MSGS FAQ
What is the technical rating for MSGS stock?
ChartMill assigns a technical rating of 10 / 10 to MSGS.
Can you provide the trend direction for MADISON SQUARE GARDEN SPORTS?
The current trend direction for MADISON SQUARE GARDEN SPORTS (MSGS) is Bullish.
What is the RSI signal for MSGS stock?
MADISON SQUARE GARDEN SPORTS (MSGS) has an RSI value of 53.454. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MADISON SQUARE GARDEN SPORTS?
The short term momentum for MADISON SQUARE GARDEN SPORTS (MSGS) is positive.
Can you provide the support and resistance levels for MADISON SQUARE GARDEN SPORTS?
MADISON SQUARE GARDEN SPORTS (MSGS) has a support level at 312.3 and a resistance level at 315.99. Check the full technical report for our detailed analysis of MSGS support and resistance levels.