TKO GROUP HOLDINGS INC (TKO) Stock Technical Analysis
NYSE:TKO • US87256C1018
Overall TKO gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, TKO did better than 74% of all other stocks.
- TKO is one of the better performing stocks in the Entertainment industry, it outperforms 83% of 80 stocks in the same industry.
- TKO 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 TKO is lagging the market slightly.
- TKO has an average volume of 1004130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TKO has a been trading in the 192.51 - 216.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TKO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 217.45. Right above this resistance zone may be a good entry point.
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174.72
When analyzing the support we can see 4 important areas.
- A support zone ranging from 203.07 to 206.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @199.78 from a trend line in the daily time frame.
- A support zone ranging from 192.20 to 192.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 176.48 to 178.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 217.45 to 217.99. 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 TKO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TKO is neutral. |
| ChartMill Relative Strength | 74.13 | POSITIVE | TKO has a high relative strength, it outperformed 74.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TKO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TKO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TKO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.47 | NEUTRAL | The RSI value for TKO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests TKO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.64 | NEUTRAL | The Stochastics value for TKO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for TKO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.3 | NEGATIVE | The low ADX value for TKO suggests a weak or negative trend. |
206.75
+6.76 (+3.38%)
TKO GROUP HOLDINGS INC / TKO FAQ
Can you provide the ChartMill technical rating for TKO GROUP HOLDINGS INC?
ChartMill assigns a technical rating of 7 / 10 to TKO.
Can you provide the trend direction for TKO GROUP HOLDINGS INC?
The current trend direction for TKO GROUP HOLDINGS INC (TKO) is Bullish.
What is the RSI signal for TKO GROUP HOLDINGS INC (TKO) stock?
TKO GROUP HOLDINGS INC (TKO) has an RSI value of 51.4739. This indicates that the stock is currently neutral.
What is the support and resistance level for TKO stock?
TKO GROUP HOLDINGS INC (TKO) has a support level at 206.01 and a resistance level at 217.45. Check the full technical report for our detailed analysis of TKO support and resistance levels.