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 8 out of 10 to MSGS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MSGS is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MSGS has a been trading in the 186.00 - 211.88 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MSGS outperforms 51% of them, which is more or less in line with the market.
MSGS is part of the Entertainment industry. There are 72 other stocks in this industry, MSGS did better than 53% of them.
MSGS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MSGS is lagging the market.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MSGS also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 199.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
178.09
222.74
When analyzing the support we notice one important area.
- A support zone ranging from 179.89 to 189.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 208.34 to 211.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @220.53 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 MSGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSGS is up. |
| ChartMill Relative Strength | 51.95 | NEUTRAL | MSGS is not amongst the best or worst performers 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) | 64.38 | NEUTRAL | The RSI value for MSGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests MSGS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.65 | OVERBOUGHT | The high Stochastics value suggests MSGS may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.95 | POSITIVE | The high ADX value value for MSGS 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 |
|---|---|---|---|
| 211.89 | 197.50 | 14.39 (6.79%) | 14.72% |
| An entry @211.89. This is a Buy Stop order right above the 10 day high. | An exit @197.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 14.39 points, which is 6.79%. | When investing 14.72% 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.
207.9
-0.3 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.14%
1 Week0.57%
2 Weeks8.79%
1 Month10.12%
3 Month14.89%
6 Month-6.91%
12 Month6.76%
2 Year-2.28%
3 Year35.19%
5 Year35.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.41
ATR(20)%2.17%
ATR Inc-1.68%
Range Today5.68
ADR(20)4.11
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.95
Mansfield-0.72
10 Day High211.88
10 Day Low197.51
20 Day High211.88
20 Day Low186
52 Week High237.99
52 Week Low173.26
CS1 End199.51
CR1 Start220.53
Volume & EV
DER(3)0.42%
DER(5)-0.39%
Volume148.40K
Volume Incr27.64%
Vol(5)247.44K
Vol(50)166.67K