MADISON SQUARE GARDEN SPORTS (MSGS) Stock Technical Analysis
NYSE:MSGS • US55825T1034
Taking everything into account, MSGS scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MSGS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- MSGS is part of the Entertainment industry. There are 80 other stocks in this industry. MSGS outperforms 88% of them.
- MSGS 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 MSGS is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that MSGS is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month MSGS has a been trading in the 265.56 - 298.97 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.
More info and screens
178.09
When analyzing the support we can see 6 important areas.
- Support @289.61 from a horizontal line in the daily time frame.
- A support zone ranging from 279.28 to 284.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @273.64 from a horizontal line in the daily time frame.
- Support @231.33 from a trend line in the daily time frame.
- Support @209.76 from a trend line in the weekly time frame.
- Support @179.89 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 291.49 to 291.49. 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 MSGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSGS is up. |
| ChartMill Relative Strength | 86.94 | POSITIVE | MSGS has a high relative strength, it outperformed 86.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSGS is above 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) | 65.86 | NEUTRAL | The RSI value for MSGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.39 | NEGATIVE | The MACD value suggests MSGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.52 | NEUTRAL | The Stochastics value for MSGS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.78 | 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 |
|---|---|---|---|
| 283.67 | 273.63 | 10.04 (3.54%) | 25.00% |
| An entry @283.67. This is a Buy Stop order right above the resistance zone. | An exit @273.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.04 points, which is 3.54%. | For a 0.88% 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 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.
291.48
+13.28 (+4.77%)
MADISON SQUARE GARDEN SPORTS / MSGS FAQ
What is the technical rating for MSGS stock?
ChartMill assigns a technical rating of 8 / 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 65.8578. 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 273.64 and a resistance level at 279.27. Check the full technical report for our detailed analysis of MSGS support and resistance levels.