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 2 out of 10 to MSGS. MSGS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
MSGS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MSGS is lagging the market.
When comparing the performance of all stocks over the past year, MSGS turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
MSGS is an average performer in the Entertainment industry, it outperforms 54% of 72 stocks in the same industry.
In the last month MSGS has a been trading in the 186.72 - 199.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MSGS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 189.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 185.40, a Stop Loss order could be placed below this zone.
More info and screens
178.09
222.74
2 important support areas can be observed.
- A support zone ranging from 189.82 to 190.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 179.89 to 185.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 191.26 to 193.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 197.43 to 199.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @203.69 from a horizontal line 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 | 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 | 41.17 | 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) | DOWN | NEGATIVE | The current price of MSGS is below a declining 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) | 49.45 | NEUTRAL | The RSI value for MSGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests MSGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.08 | NEUTRAL | The Stochastics value for MSGS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for MSGS suggests low volalility. |
| Average Directional Index/ADX (14) | 15.78 | NEGATIVE | The low ADX value for MSGS suggests a weak or negative 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)
191.22
+1.47 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.77%
1 Week0.7%
2 Weeks0.51%
1 Month0.16%
3 Month-2.86%
6 Month-16.94%
12 Month1.9%
2 Year1.69%
3 Year26.64%
5 Year30.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.97
ATR(20)%1.56%
ATR Inc-38.64%
Range Today1.75
ADR(20)2.84
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.17
Mansfield-1.12
10 Day High192.34
10 Day Low186.72
20 Day High199
20 Day Low186.72
52 Week High237.99
52 Week Low173.26
CS1 End185.4
CR1 Start189.93
Volume & EV
DER(3)2.96%
DER(5)2%
Volume102.70K
Volume Incr-12.17%
Vol(5)112.24K
Vol(50)143.62K