MADISON SQUARE GARDEN SPORTS (MSGS) Stock Technical Analysis
NYSE:MSGS - US55825T1034 - Common Stock
197.84 USD
+1.3 (+0.66%)
197.5 USD
-0.34 (-0.17%)
We assign a technical rating of 2 out of 10 to MSGS. MSGS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
70% of all other stocks performed better in the past year than MSGS.
In the last month MSGS has a been trading in the 188.59 - 204.56 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MSGS is part of the Entertainment industry. There are 75 other stocks in this industry, MSGS did better than 44% 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.
Although the technical rating is bad, MSGS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 198.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 197.04, a Stop Loss order could be placed below this zone.
More info and screens
178.09
213.79
3 important support areas can be observed.
- A support zone ranging from 194.40 to 197.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 185.38 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 198.10 to 204.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 208.58 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 | DOWN | NEGATIVE | The long term trend for MSGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MSGS is down. |
| ChartMill Relative Strength | 30.68 | NEUTRAL | MSGS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MSGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MSGS is below 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) | 47.85 | NEUTRAL | The RSI value for MSGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MSGS has a positive trend. |
| Stochastics (14,3) | 52.06 | NEUTRAL | The Stochastics value for MSGS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for MSGS suggests low volalility. |
| Average Directional Index/ADX (14) | 22.27 | NEUTRAL | The ADX value for MSGS suggests a possible start of a new 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)
197.84
+1.3 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.66%
1 Week-0.41%
2 Weeks0.12%
1 Month-0.86%
3 Month4.19%
6 Month-2.87%
12 Month-5.36%
2 Year11.15%
3 Year23.44%
5 Year20.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.01
ATR(20)%1.94%
ATR Inc-45.2%
Range Today2.62
ADR(20)3.78
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.68
Mansfield-1.26
10 Day High200.03
10 Day Low194.41
20 Day High204.56
20 Day Low188.6
52 Week High237.99
52 Week Low173.26
CS1 End197.04
CR1 Start198.1
Volume & EV
DER(3)0.51%
DER(5)0.68%
Volume192.30K
Volume Incr-25.08%
Vol(5)154.88K
Vol(50)205.75K