SINCLAIR INC (SBGI) Stock Technical Analysis
USA - NASDAQ:SBGI - US8292421067 - Common Stock
Taking everything into account, SBGI scores 8 out of 10 in our technical rating. Although SBGI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although SBGI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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11.93
5 important support areas can be observed.
- A support zone ranging from 15.84 to 16.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.88 from a trend line in the daily time frame.
- Support @13.56 from a horizontal line in the daily time frame.
- A support zone ranging from 13.07 to 13.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.05 from a trend line in the weekly 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 SBGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBGI is up. |
| ChartMill Relative Strength | 73.37 | POSITIVE | SBGI has a high relative strength, it outperformed 73.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.06 | OVERBOUGHT | The high RSI value suggests SBGI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests SBGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.68 | OVERBOUGHT | The high Stochastics value suggests SBGI may be overbought. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for SBGI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.56 | POSITIVE | The high ADX value value for SBGI suggests a strong trend. |
16.87
+0.79 (+4.91%)
SINCLAIR INC / SBGI FAQ
Can you provide the ChartMill technical rating for SINCLAIR INC?
ChartMill assigns a technical rating of 8 / 10 to SBGI.
What is the trend direction for SBGI stock?
The current trend direction for SINCLAIR INC (SBGI) is Bullish.
Can you provide the RSI signal for SINCLAIR INC?
SINCLAIR INC (SBGI) has an RSI value of 74.06. This indicates that the stock is currently overbought.
What is the short term momentum for SBGI stock?
The short term momentum for SINCLAIR INC (SBGI) is positive.
What are the support and resistance levels for SINCLAIR INC (SBGI) stock?
SINCLAIR INC (SBGI) has a support level at 16.08. Check the full technical report for our detailed analysis of SBGI support and resistance levels.