SINCLAIR INC.
SINCLAIR INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SBGI
ISIN:

SINCLAIR INC. - Daily - Technical analysis published on 07/17/2019 (GMT)

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  • Timeframe : Daily
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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:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SINCLAIR BROADCAST GROUP INC.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1
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
Standard57.8158.1658.6859.0359.5559.9060.42
Camarilla58.9659.0459.1259.2059.2859.3659.44
Woodie57.9058.2058.7759.0759.6459.9460.51
Fibonacci58.1658.4958.7059.0359.3659.5759.90


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.4453.1856.1157.8560.7862.5265.45
Camarilla57.7758.1958.6259.0559.4859.9160.33
Woodie52.0553.4856.7258.1561.3962.8266.06
Fibonacci53.1854.9656.0657.8559.6360.7362.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.9347.5850.6053.2556.2758.9261.94
Camarilla52.0752.5953.1153.6354.1554.6755.19
Woodie45.1347.6750.8053.3456.4759.0162.14
Fibonacci47.5849.7451.0853.2555.4156.7558.92

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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