SBGI Technical Analysis - SINCLAIR INC

Technical Rating and Analysis

Taking everything into account, SBGI scores 2 out of 10 in our technical rating. 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.

66% of all other stocks performed better in the past year than SBGI.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

SBGI is an average performer in the Media industry, it outperforms 60% of 99 stocks in the same industry.

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.

In the last month SBGI has a been trading in the 13.19 - 14.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

SBGI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.10, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.26

16.10

2 important support areas can be observed.

A support zone ranging from 13.83 to 14.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 13.39 to 13.61. 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 14.21 to 14.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @14.50 from a horizontal line in the daily time frame.
A resistance zone ranging from 14.75 to 15.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @15.64 from a horizontal line in the daily time frame.
Resistance @15.94 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The short term trend for SBGI is neutral.
ChartMill Relative Strength	34.73	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)	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)	51.03	NEUTRAL	The RSI value for SBGI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests SBGI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	71.77	NEUTRAL	The Stochastics value for SBGI is a neutral value.
Average True Range in percent/ATR (20)	2.84	MEDIUM VOLATILITY	The ATR as a percentage value for SBGI suggests some volalility.
Average Directional Index/ADX (14)	9.12	NEGATIVE	The low ADX value for SBGI suggests a weak or negative trend.