SPHERE ENTERTAINMENT CO (SPHR) Stock Technical Analysis
USA - NYSE:SPHR - US55826T1025 - Common Stock
59.65 USD
-2.02 (-3.28%)
59.65 USD
0 (0%)
Overall SPHR gets a technical rating of 8 out of 10. Both in the recent history as in the last year, SPHR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SPHR is part of the Entertainment industry. There are 79 other stocks in this industry. SPHR outperforms 79% of them.
SPHR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPHR is lagging the market slightly.
SPHR has an average volume of 1128400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SPHR did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SPHR has a been trading in the 56.36 - 68.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPHR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
37.81
60.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.96 to 58.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.50 to 47.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.72 from a trend line in the daily time frame.
- Support @38.19 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 | 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 | 86.71 | POSITIVE | SPHR has a high relative strength, it outperformed 86.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPHR is below a declining 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) | 53.25 | NEUTRAL | The RSI value for SPHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests SPHR has a negative trend. |
| Stochastics (14,3) | 38.52 | NEUTRAL | The Stochastics value for SPHR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for SPHR suggests some volalility. |
| Average Directional Index/ADX (14) | 47.18 | POSITIVE | The high ADX value value for SPHR 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.82 | 58.95 | 1.86 (3.07%) | 25.00% |
| An entry @60.81. This is a Buy Stop order right above the 10 day moving average. | An exit @58.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.86 points, which is 3.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of SPHR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
59.65
-2.02 (-3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-3.28%
1 Week0.85%
2 Weeks-9.24%
1 Month-1.79%
3 Month29.25%
6 Month135.03%
12 Month28.67%
2 Year81.25%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.13
ATR(20)%4.94%
ATR Inc-7.39%
Range Today3.71
ADR(20)2.89
ADR(20)%4.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.71
Mansfield3.12
10 Day High68
10 Day Low57.01
20 Day High68
20 Day Low56.36
52 Week High68
52 Week Low23.89
CS1 End58.96
CR1 StartN/A
Volume & EV
DER(3)-2.07%
DER(5)-1.01%
Volume716.00K
Volume Incr-33.37%
Vol(5)828.26K
Vol(50)1.13M