SINCLAIR INC (SBGI) Stock Technical Analysis
NASDAQ:SBGI - Nasdaq - US8292421067 - Common Stock - Currency: USD
Taking everything into account, SBGI scores 1 out of 10 in our technical rating. SBGI 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.
In the last month SBGI has a been trading in the 13.77 - 16.17 range, which is quite wide. It is currently trading near the lows of this range.
SBGI is one of the better performing stocks in the Media industry, it outperforms 75% of 96 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that SBGI is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
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.
More info and screens
13.42
17.31
When analyzing the support we notice one important area.
- A support zone ranging from 13.56 to 13.79. 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 14.84 to 15.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.33 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.95 to 16.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.14 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 | 75.9 | POSITIVE | SBGI has a high relative strength, it outperformed 75.9% 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) | UP | MIXED | The current price of SBGI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.83 | NEUTRAL | The RSI value for SBGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SBGI has a negative trend. |
| Stochastics (14,3) | 7.92 | OVERSOLD | The low Stochastics value suggests SBGI may be oversold. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for SBGI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.57 | 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)
14.13
+0.1 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.71%
1 Week-5.45%
2 Weeks-7.28%
1 Month-4.4%
3 Month-2.55%
6 Month-18.28%
12 Month14.69%
2 Year-8.13%
3 Year-41.68%
5 Year-24.4%
10 Year-52.96%
15 Year112.8%
Volatility
ATR(14)0.59
ATR(20)%4.27%
ATR Inc-42.62%
Range Today0.44
ADR(20)0.57
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.9
Mansfield-0.72
10 Day High16.17
10 Day Low13.77
20 Day High16.17
20 Day Low13.77
52 Week High18.45
52 Week Low11.13
CS1 End13.79
CR1 Start14.84
Volume & EV
DER(3)-1.98%
DER(5)-1.95%
Volume340.33K
Volume Incr-12.1%
Vol(5)317.71K
Vol(50)423.22K