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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
SBGI is currently trading in the lower part 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.
SBGI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the performance of all stocks over the past year, SBGI turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
SBGI is an average performer in the Media industry, it outperforms 58% of 98 stocks in the same industry.
Although the technical rating is bad, SBGI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
12.54
17.31
2 important support areas can be observed.
- Support @12.99 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.67 to 12.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 13.01 to 13.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.57 from a horizontal line in the daily time frame.
- Resistance @15.32 from a trend line in the daily time frame.
- Resistance @15.94 from a trend line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for SBGI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBGI is down. |
| ChartMill Relative Strength | 45.65 | NEUTRAL | SBGI is not amongst the best or worst performers 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) | 35.81 | NEUTRAL | The RSI value for SBGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SBGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.37 | NEUTRAL | The Stochastics value for SBGI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for SBGI suggests some volalility. |
| Average Directional Index/ADX (14) | 28 | POSITIVE | The high ADX value value for SBGI suggests a strong 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)
13
-0.16 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.22%
1 Week-1.29%
2 Weeks-7.34%
1 Month-15.36%
3 Month-12.46%
6 Month-24.51%
12 Month13.84%
2 Year-5.93%
3 Year-36.27%
5 Year-29.58%
10 Year-53.42%
15 Year122.99%
Volatility
ATR(14)0.45
ATR(20)%3.44%
ATR Inc-13.85%
Range Today0.4
ADR(20)0.42
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.65
Mansfield-1.7
10 Day High14.05
10 Day Low12.7
20 Day High15.59
20 Day Low12.7
52 Week High18.45
52 Week Low11.13
CS1 End12.99
CR1 Start13.01
Volume & EV
DER(3)-4.83%
DER(5)-4.32%
Volume444.60K
Volume Incr27.75%
Vol(5)512.20K
Vol(50)428.73K