SINCLAIR INC (SBGI) Stock Technical Analysis
USA - NASDAQ:SBGI - US8292421067 - Common Stock
16.41 USD
+0.34 (+2.12%)
16.41 USD
0 (0%)
Taking everything into account, SBGI scores 7 out of 10 in our technical rating. SBGI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SBGI is one of the better performing stocks in the Media industry, it outperforms 88% of 95 stocks in the same industry.
In the last month SBGI has a been trading in the 12.66 - 16.90 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that SBGI is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SBGI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SBGI is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SBGI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.91
16.57
4 important support areas can be observed.
- A support zone ranging from 13.93 to 14.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.55 to 13.56. 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 12.97 to 12.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.03 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 | NEUTRAL | NEUTRAL | The long term trend for SBGI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBGI is up. |
| ChartMill Relative Strength | 84.28 | POSITIVE | SBGI has a high relative strength, it outperformed 84.28% 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) | 78.3 | OVERBOUGHT | The high RSI value suggests SBGI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests SBGI has a positive trend. |
| Stochastics (14,3) | 85.1 | OVERBOUGHT | The high Stochastics value suggests SBGI may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SBGI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for SBGI 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)
16.41
+0.34 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg2.12%
1 Week20.13%
2 Weeks21.83%
1 Month24.13%
3 Month37.61%
6 Month7.68%
12 Month3.14%
2 Year30.13%
3 Year-11.58%
5 Year-39.8%
10 Year-53.25%
15 Year111.74%
Volatility
ATR(14)0.59
ATR(20)%3.1%
ATR Inc378.35%
Range Today0.93
ADR(20)0.48
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.28
3 months CRS93.01
6 months CRS52.3
Mansfield-0.01
10 Day High16.9
10 Day Low12.91
20 Day High16.9
20 Day Low12.66
52 Week High18.45
52 Week Low11.89
CS1 End14.18
CR1 StartN/A
Volume & EV
DER(3)-4%
DER(5)-2.8%
Volume1.37M
Volume Incr136.33%
Vol(5)919.26K
Vol(50)484.02K
SINCLAIR INC / SBGI FAQ
Can you provide the ChartMill technical rating for SINCLAIR INC?
ChartMill assigns a technical rating of 7 / 10 to SBGI.
What is the trend direction for SBGI stock?
The current trend direction for SINCLAIR INC (SBGI) is Bearish.
Can you provide the RSI signal for SINCLAIR INC?
SINCLAIR INC (SBGI) has an RSI value of 78.295. 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 14.18. Check the full technical report for our detailed analysis of SBGI support and resistance levels.