SPHERE ENTERTAINMENT CO (SPHR) Stock Technical Analysis
NYSE:SPHR - New York Stock Exchange, Inc. - US55826T1025 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SPHR. SPHR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SPHR has a been trading in the 36.32 - 42.96 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SPHR did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SPHR is an average performer in the Entertainment industry, it outperforms 69% of 72 stocks in the same industry.
SPHR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPHR is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SPHR has an excellent technical rating, but the quality of the setup is only medium 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
36.62
49.57
2 important support areas can be observed.
- A support zone ranging from 39.22 to 39.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.99 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @42.50 from a horizontal line in the daily time frame.
- Resistance @46.70 from a trend line in the weekly time frame.
- A resistance zone ranging from 48.21 to 49.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 86.85 | POSITIVE | SPHR has a high relative strength, it outperformed 86.85% 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) | 65.49 | NEUTRAL | The RSI value for SPHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SPHR has a positive trend. |
| Stochastics (14,3) | 80.81 | OVERBOUGHT | The high Stochastics value suggests SPHR may be overbought. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for SPHR suggests some volalility. |
| Average Directional Index/ADX (14) | 32.71 | 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 |
|---|---|---|---|
| 42.97 | 38.14 | 4.83 (11.24%) | 8.90% |
| An entry @42.97. This is a Buy Stop order right above the 10 day high. | An exit @38.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.83 points, which is 11.24%. | For a 1.00% total portfolio risk, you can invest 8.90% of your capital in this trade. |
- 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.
42.49
+0.79 (+1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.89%
1 Week7.54%
2 Weeks11.26%
1 Month11.99%
3 Month59.02%
6 Month0.07%
12 Month13.52%
2 Year0.09%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.59
ATR(20)%3.6%
ATR Inc-13.37%
Range Today1.13
ADR(20)1.44
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.85
Mansfield-0.13
10 Day High42.96
10 Day Low38.15
20 Day High42.96
20 Day Low36.32
52 Week High50.88
52 Week Low23.89
CS1 End38.17
CR1 Start46.78
Volume & EV
DER(3)1.09%
DER(5)1.2%
Volume467.20K
Volume Incr43.96%
Vol(5)788.74K
Vol(50)803.60K