MADISON SQUARE GARDEN SPORTS (MSGS) Stock Technical Analysis
USA - NYSE:MSGS - US55825T1034 - Common Stock
We assign a technical rating of 6 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.
Although the technical rating is only medium, MSGS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 217.49, a Stop Loss order could be placed below this zone.
More info and screens
178.09
We found 7 important support areas.
- A support zone ranging from 214.86 to 217.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @204.27 from a trend line in the daily time frame.
- Support @200.80 from a trend line in the weekly time frame.
- Support @195.97 from a horizontal line in the weekly time frame.
- Support @192.64 from a horizontal line in the daily time frame.
- Support @187.36 from a horizontal line in the daily 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 232.63 to 235.86. 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 | NEUTRAL | NEUTRAL | The short term trend for MSGS is neutral. |
| ChartMill Relative Strength | 57.06 | 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) | UP | POSITIVE | The current price of MSGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.02 | NEUTRAL | The RSI value for MSGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.16 | NEGATIVE | The MACD value suggests MSGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.43 | NEUTRAL | The Stochastics value for MSGS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MSGS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.46 | NEGATIVE | The low ADX value for MSGS suggests a weak or negative 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 |
|---|---|---|---|
| 220.58 | 214.85 | 5.73 (2.60%) | 25.00% |
| An entry @220.58. This is a Buy Stop order right above the 10 day moving average. | An exit @214.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.73 points, which is 2.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- 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.
220.15
+4.49 (+2.08%)
MADISON SQUARE GARDEN SPORTS / MSGS FAQ
What is the technical rating for MSGS stock?
ChartMill assigns a technical rating of 6 / 10 to MSGS.
What is the trend direction for MSGS stock?
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 50.0173. This indicates that the stock is currently neutral.
What is the short term momentum for MSGS stock?
The short term momentum for MADISON SQUARE GARDEN SPORTS (MSGS) is neutral.