We assign a technical rating of 1 out of 10 to SBGI. SBGI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SBGI is bad and it also does not present a quality setup 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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11.95
We found 4 important support areas.
- Support @13.56 from a horizontal line in the daily time frame.
- A support zone ranging from 13.29 to 13.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.72 to 12.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.82 to 15.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.25 to 16.41. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @16.96 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 | NEUTRAL | NEUTRAL | The long term trend for SBGI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBGI is down. |
| ChartMill Relative Strength | 25.59 | NEGATIVE | SBGI has a low relative strength, it was outperformed by 74.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBGI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SBGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.63 | NEUTRAL | The RSI value for SBGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests SBGI has a negative trend. |
| Stochastics (14,3) | 8.37 | OVERSOLD | The low Stochastics value suggests SBGI may be oversold. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for SBGI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.37 | NEUTRAL | The ADX value for SBGI suggests a possible start of a new trend. |
14.33
-0.32 (-2.18%)
SINCLAIR INC / SBGI FAQ
Can you provide the ChartMill technical rating for SINCLAIR INC?
ChartMill assigns a technical rating of 1 / 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 39.6291. This indicates that the stock is currently neutral.
What is the short term momentum for SBGI stock?
The short term momentum for SINCLAIR INC (SBGI) is negative.
What are the support and resistance levels for SINCLAIR INC (SBGI) stock?
SINCLAIR INC (SBGI) has a support level at 13.56 and a resistance level at 15.82. Check the full technical report for our detailed analysis of SBGI support and resistance levels.