MADISON SQUARE GARDEN SPORTS (MSGS) Stock Technical Analysis
NYSE:MSGS - New York Stock Exchange, Inc. - US55825T1034 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MSGS. MSGS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
MSGS has only a medium technical rating, but it does show 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 resistance zone just above the current price starting at 207.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 202.18, a Stop Loss order could be placed below this zone.
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178.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 199.29 to 202.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 192.48 to 194.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 184.75 to 185.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 179.89 to 180.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 207.95 to 211.67. 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 | NEUTRAL | NEUTRAL | The long term trend for MSGS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MSGS is neutral. |
| ChartMill Relative Strength | 51.1 | NEUTRAL | MSGS is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MSGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.08 | NEUTRAL | The RSI value for MSGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests MSGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.5 | NEUTRAL | The Stochastics value for MSGS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for MSGS suggests low volalility. |
| Average Directional Index/ADX (14) | 17.36 | NEGATIVE | The low ADX value for MSGS suggests a weak or negative trend. |
203.24
+0.89 (+0.44%)