SPHERE ENTERTAINMENT CO (SPHR) Stock Technical Analysis
USA - NYSE:SPHR - US55826T1025 - Common Stock
Taking everything into account, SPHR scores 9 out of 10 in our technical rating. 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.
Although SPHR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
37.81
We found 5 important support areas.
- A support zone ranging from 69.12 to 69.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 66.34 to 66.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @64.95 from a trend line in the daily time frame.
- Support @50.10 from a trend line in the weekly 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 | 95.98 | POSITIVE | SPHR has a high relative strength, it outperformed 95.98% 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) | 75.68 | OVERBOUGHT | The high RSI value suggests SPHR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests SPHR has a positive trend. |
| Stochastics (14,3) | 94.47 | OVERBOUGHT | The high Stochastics value suggests SPHR may be overbought. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for SPHR suggests some volalility. |
| Average Directional Index/ADX (14) | 45.55 | POSITIVE | The high ADX value value for SPHR suggests a strong trend. |
77.08
+4.01 (+5.49%)
SPHERE ENTERTAINMENT CO / SPHR FAQ
Can you provide the ChartMill technical rating for SPHERE ENTERTAINMENT CO?
ChartMill assigns a technical rating of 9 / 10 to SPHR.
What is the current trend direction of SPHERE ENTERTAINMENT CO (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 75.6823. This indicates that the stock is currently overbought.
Can you provide the short term momentum for SPHERE ENTERTAINMENT CO?
The short term momentum for SPHERE ENTERTAINMENT CO (SPHR) is positive.
What is the buy/sell signal for SPHR stock?
The buy/sell signal for SPHERE ENTERTAINMENT CO (SPHR) is buy as both the short term and long term trends are positive.