SINCLAIR INC (SBGI) Stock Technical Analysis
NASDAQ:SBGI - Nasdaq - US8292421067 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SBGI. SBGI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was 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.
In the last month SBGI has a been trading in the 12.79 - 15.78 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, SBGI outperforms 45% of them, which is more or less in line with the market.
SBGI is part of the Media industry. There are 97 other stocks in this industry, SBGI did better than 52% of them.
SBGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBGI is lagging the market.
Although SBGI has an excellent technical rating, the quality of the presented setup is not ideal 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
12.66
17.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.96 to 14.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.79 to 13.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.58 to 15.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.96 to 17.14. 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 | 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 | 45.84 | NEUTRAL | SBGI is not amongst the best or worst performers 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 | MIXED | The current price of SBGI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.68 | NEUTRAL | The RSI value for SBGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SBGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.69 | OVERBOUGHT | The high Stochastics value suggests SBGI may be overbought. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for SBGI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.31 | NEUTRAL | The ADX value for SBGI suggests a possible start of a new 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)
15.09
-0.32 (-2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-2.08%
1 Week1.99%
2 Weeks10.03%
1 Month12.53%
3 Month10.31%
6 Month-3.58%
12 Month0.94%
2 Year8.48%
3 Year-30.91%
5 Year-26.75%
10 Year-48%
15 Year149.83%
Volatility
ATR(14)0.58
ATR(20)%3.67%
ATR Inc-25.84%
Range Today0.41
ADR(20)0.54
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.84
Mansfield-0.74
10 Day High15.78
10 Day Low13.38
20 Day High15.78
20 Day Low12.79
52 Week High18.45
52 Week Low12.07
CS1 End14.31
CR1 Start15.58
Volume & EV
DER(3)4.31%
DER(5)4.38%
Volume382.90K
Volume Incr-23.7%
Vol(5)425.72K
Vol(50)465.46K