SINCLAIR INC. - Daily - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 42.90 USD
My targets
36.80 USD (-13.51%)
33.09 USD (-22.23%)
My analysis
The bearish trend is currently very strong for SINCLAIR BROADCAST GROUP INC.. As long as the price remains below the resistance at 42.90 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 36.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 33.09 USD as an objective. Crossing it would then enable sellers to target 29.58 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SINCLAIR BROADCAST GROUP INC. rating is 42.55 USD. The price has increased by +0.59% since the last closing and was traded between 41.62 USD and 42.83 USD over the period. The price is currently at +2.23% from its lowest and -0.65% from its highest.41.62
42.83
42.55
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SINCLAIR BROADCAST GROUP INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.58 | 33.09 | 36.80 | 42.55 | 42.90 | 50.89 | 54.05 |
| Change (%) | -30.48% | -22.23% | -13.51% | - | +0.82% | +19.60% | +27.03% |
| Change | -12.97 | -9.46 | -5.75 | - | +0.35 | +8.34 | +11.50 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.37 | 40.95 | 41.63 | 42.21 | 42.89 | 43.47 | 44.15 |
| Camarilla | 41.95 | 42.07 | 42.19 | 42.30 | 42.42 | 42.53 | 42.65 |
| Woodie | 40.41 | 40.98 | 41.67 | 42.24 | 42.93 | 43.50 | 44.19 |
| Fibonacci | 40.95 | 41.44 | 41.73 | 42.21 | 42.70 | 42.99 | 43.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.19 | 41.70 | 42.72 | 44.23 | 45.25 | 46.76 | 47.78 |
| Camarilla | 43.05 | 43.29 | 43.52 | 43.75 | 43.98 | 44.21 | 44.45 |
| Woodie | 39.96 | 41.58 | 42.49 | 44.11 | 45.02 | 46.64 | 47.55 |
| Fibonacci | 41.70 | 42.66 | 43.26 | 44.23 | 45.19 | 45.79 | 46.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.54 | 36.27 | 40.42 | 46.15 | 50.30 | 56.03 | 60.18 |
| Camarilla | 41.85 | 42.76 | 43.66 | 44.57 | 45.48 | 46.38 | 47.29 |
| Woodie | 29.75 | 35.88 | 39.63 | 45.76 | 49.51 | 55.64 | 59.39 |
| Fibonacci | 36.27 | 40.04 | 42.38 | 46.15 | 49.92 | 52.26 | 56.03 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.97 | |
| MACD (12,26,9): | -0.8600 | |
| Directional Movement: | -16.23 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 42.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.50 | |
| Elder Ray (13): | -1.37 | |
| Super Trend (3,10): | 46.26 | |
| Zig ZAG (10): | 42.55 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 16.34 | |
| TEMA (21): | 43.23 | |
| Williams %R (14): | -75.89 | |
| Chande Momentum Oscillator (20): | -2.03 | |
| Repulse (5,40,3): | -0.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 1.52 |
| MA7: | 43.55 | |
| MA20: | 43.82 | |
| MA50: | 46.59 | |
| MA100: | 50.98 | |
| MAexp7: | 43.22 | |
| MAexp20: | 43.98 | |
| MAexp50: | 46.11 | |
| MAexp100: | 46.82 | |
| Price / MA7: | -2.30% | |
| Price / MA20: | -2.90% | |
| Price / MA50: | -8.67% | |
| Price / MA100: | -16.54% | |
| Price / MAexp7: | -1.55% | |
| Price / MAexp20: | -3.25% | |
| Price / MAexp50: | -7.72% | |
| Price / MAexp100: | -9.12% |
News
Don"t forget to follow the news on SINCLAIR BROADCAST GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- Sinclair Names Michael R. Nurse General Manager in Dayton, Ohio
- Millions Of Viewers Across The United States Could Be Deprived Of Local News, Sports And Entertainment Programming If AT&T/DIRECTV Do Not Reach Deal With Sinclair Broadcast Group
- Sinclair's Dielectric Recognized in 2019 Best Places to Work in Maine
- Sinclair's 'Full Measure with Sharyl Attkisson' Returns for Fifth Season
- Sinclair Promotes Kathan Jager To General Manager In Sioux City, IA
This member declared not having a position on this financial instrument or a related financial instrument.
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