SINCLAIR INC. - Daily - Technical analysis published on 07/17/2019 (GMT)
- 341
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 50.89 USD
My targets
61.81 USD (+5.60%)
My analysis
The basic bullish trend is very strong on SINCLAIR BROADCAST GROUP INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 50.89 USD. Crossing the first resistance at 61.81 USD would be a sign of a potential new surge in the price. Caution, a return to below 50.89 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SINCLAIR BROADCAST GROUP INC. rating 58.53 USD. The price registered a decrease of -1.13% on the session with the lowest point at 58.39 USD and the highest point at 59.38 USD. The deviation from the price is +0.24% for the low point and -1.43% for the high point.58.39
59.38
58.53
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SINCLAIR BROADCAST GROUP INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SINCLAIR BROADCAST GROUP INC. in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 33.09 | 42.90 | 50.89 | 58.53 | 61.81 |
| Change (%) | -43.46% | -26.70% | -13.05% | - | +5.60% |
| Change | -25.44 | -15.63 | -7.64 | - | +3.28 |
| Level | Intermediate | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.81 | 58.16 | 58.68 | 59.03 | 59.55 | 59.90 | 60.42 |
| Camarilla | 58.96 | 59.04 | 59.12 | 59.20 | 59.28 | 59.36 | 59.44 |
| Woodie | 57.90 | 58.20 | 58.77 | 59.07 | 59.64 | 59.94 | 60.51 |
| Fibonacci | 58.16 | 58.49 | 58.70 | 59.03 | 59.36 | 59.57 | 59.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.44 | 53.18 | 56.11 | 57.85 | 60.78 | 62.52 | 65.45 |
| Camarilla | 57.77 | 58.19 | 58.62 | 59.05 | 59.48 | 59.91 | 60.33 |
| Woodie | 52.05 | 53.48 | 56.72 | 58.15 | 61.39 | 62.82 | 66.06 |
| Fibonacci | 53.18 | 54.96 | 56.06 | 57.85 | 59.63 | 60.73 | 62.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.93 | 47.58 | 50.60 | 53.25 | 56.27 | 58.92 | 61.94 |
| Camarilla | 52.07 | 52.59 | 53.11 | 53.63 | 54.15 | 54.67 | 55.19 |
| Woodie | 45.13 | 47.67 | 50.80 | 53.34 | 56.47 | 59.01 | 62.14 |
| Fibonacci | 47.58 | 49.74 | 51.08 | 53.25 | 55.41 | 56.75 | 58.92 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.41 | |
| MACD (12,26,9): | 1.5000 | |
| Directional Movement: | 16.70 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 57.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.06 | |
| Elder Ray (13): | 1.98 | |
| Super Trend (3,10): | 54.22 | |
| Zig ZAG (10): | 58.53 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 91.38 | |
| TEMA (21): | 58.48 | |
| Williams %R (14): | -13.85 | |
| Chande Momentum Oscillator (20): | 5.33 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 17.08 |
| MA7: | 57.74 | |
| MA20: | 55.45 | |
| MA50: | 55.45 | |
| MA100: | 47.88 | |
| MAexp7: | 57.94 | |
| MAexp20: | 56.09 | |
| MAexp50: | 53.39 | |
| MAexp100: | 48.66 | |
| Price / MA7: | +1.37% | |
| Price / MA20: | +5.55% | |
| Price / MA50: | +5.55% | |
| Price / MA100: | +22.24% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +4.35% | |
| Price / MAexp50: | +9.63% | |
| Price / MAexp100: | +20.28% |
News
The latest news and videos published on SINCLAIR BROADCAST GROUP INC. at the time of the analysis were as follows:
- Sinclair Promotes Richard Cook to General Manager In Pittsburgh, PA
- Sinclair Reports Preliminary Second Quarter 2019 Media Revenue
- Sinclair Announces Private Offering of Senior Secured Notes and Senior Notes of Diamond Sports Group
- Sinclair Broadcast Group's CompulseOTT Unit Releases New OTT Reporting Platform: "Compulse360"
- Sinclair Promotes Brian Dodge To General Manager In South Bend, IN
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SINCLAIR INC. - Daily