SBGI Technical Analysis - SINCLAIR INC

Technical Rating and Analysis

Overall SBGI gets a technical rating of 0 out of 10. SBGI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, SBGI is a bad performer in the overall market: 87% of all stocks are doing better.

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 13.00 - 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.

SBGI is an average performer in the Media industry, it outperforms 51% of 96 stocks in the same industry.

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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

We found 1 important support area.

A support zone ranging from 11.92 to 12.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

Resistance @13.56 from a horizontal line in the daily time frame.
A resistance zone ranging from 14.09 to 14.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 14.80 to 15.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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	13.79	NEGATIVE	SBGI has a low relative strength, it was outperformed by 86.21% 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)	33.54	NEUTRAL	The RSI value for SBGI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests SBGI has a negative trend.
Stochastics (14,3)	6.7	OVERSOLD	The low Stochastics value suggests SBGI may be oversold.
Average True Range in percent/ATR (20)	3.68	MEDIUM VOLATILITY	The ATR as a percentage value for SBGI suggests some volalility.
Average Directional Index/ADX (14)	17	NEGATIVE	The low ADX value for SBGI suggests a weak or negative trend.