SBGI Technical Analysis - SINCLAIR INC

Technical Rating and Analysis

Overall SBGI gets a technical rating of 0 out of 10. 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.

88% of all other stocks performed better in the past year than SBGI.

SBGI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month SBGI has a been trading in the 12.66 - 15.45 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

SBGI is part of the Media industry. There are 95 other stocks in this industry, SBGI did better than 47% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.80

15.69

When analyzing the support we notice one important area.

A support zone ranging from 11.92 to 12.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 5 important resistance areas.

A resistance 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 resistance zone ranging from 13.90 to 14.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 14.41 to 14.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 14.93 to 14.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @15.53 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	12.98	NEGATIVE	SBGI has a low relative strength, it was outperformed by 87.02% 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)	28.22	OVERSOLD	The low RSI value suggests SBGI may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.19	NEGATIVE	The MACD value suggests SBGI has a negative trend.
Stochastics (14,3)	4.59	OVERSOLD	The low Stochastics value suggests SBGI may be oversold.
Average True Range in percent/ATR (20)	3.78	MEDIUM VOLATILITY	The ATR as a percentage value for SBGI suggests some volalility.
Average Directional Index/ADX (14)	17.82	NEGATIVE	The low ADX value for SBGI suggests a weak or negative trend.