Sinclair Broadcast Technical Analysis (NASDAQ:SBGI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Sinclair Broadcast stock price data and volume are plotted in SBGI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Sinclair Broadcast. The technical analysis form of Sinclair Broadcast stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Sinclair Broadcast Moving Average:
Moving averages help predict the price direction of SBGI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling SBGI moving average implies that Sinclair Broadcast stock price is falling.
Sinclair Broadcast Bollinger Bands:
Bollinger bands comprise of a center line usually SBGI SMA, and two SBGI stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Sinclair Broadcast bollinger bands show that the stock price is $29.35, upper band is 15.79, lower band is 13.92, and the average is 14.86.
Sinclair Broadcast Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Sinclair Broadcast MACD indicator is below 0 indicating a bearish trend.
Sinclair Broadcast Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of SBGI stock is 42.42. .