SPHERE ENTERTAINMENT CO (SPHR) Stock Technical Analysis
NYSE:SPHR • US55826T1025
Overall SPHR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPHR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SPHR did better than 96% of all other stocks. On top of that, SPHR also shows a nice and consistent pattern of rising prices.
- SPHR is part of the Entertainment industry. There are 80 other stocks in this industry. SPHR outperforms 97% of them.
- SPHR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- SPHR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although SPHR 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
62.25
We found 4 important support areas.
- A support zone ranging from 114.23 to 114.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.45 from a trend line in the daily time frame.
- Support @86.27 from a horizontal line in the daily time frame.
- Support @62.88 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for SPHR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPHR is up. |
| ChartMill Relative Strength | 96.37 | POSITIVE | SPHR has a high relative strength, it outperformed 96.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPHR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPHR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPHR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.74 | NEUTRAL | The RSI value for SPHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.96 | POSITIVE | The MACD value suggests SPHR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.47 | OVERBOUGHT | The high Stochastics value suggests SPHR may be overbought. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for SPHR suggests some volalility. |
| Average Directional Index/ADX (14) | 33.61 | POSITIVE | The high ADX value value for SPHR suggests a strong trend. |
114.24
-1.05 (-0.91%)
SPHERE ENTERTAINMENT CO / SPHR FAQ
Can you provide the ChartMill technical rating for SPHERE ENTERTAINMENT CO?
ChartMill assigns a technical rating of 10 / 10 to SPHR.
What is the trend direction for SPHR stock?
The current trend direction for SPHERE ENTERTAINMENT CO (SPHR) is Bullish.
What is the RSI signal for SPHERE ENTERTAINMENT CO (SPHR) stock?
SPHERE ENTERTAINMENT CO (SPHR) has an RSI value of 69.7429. This indicates that the stock is currently neutral.
What is the short term momentum for SPHR stock?
The short term momentum for SPHERE ENTERTAINMENT CO (SPHR) is positive.
What is the buy/sell signal for SPHERE ENTERTAINMENT CO (SPHR) stock?
The buy/sell signal for SPHERE ENTERTAINMENT CO (SPHR) is buy as both the short term and long term trends are positive.