Sinclair Broadcast Technical Analysis (NASDAQ:SBGI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. 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. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Sinclair Broadcast stock analysis.
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 key factor that impacts moving averages is the lag factor. The 20 day moving average of $30.35 is below the price of $32.75.
Sinclair Broadcast Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SBGI stock. Currently the stock price of $32.75 is in the upper range of Sinclair Broadcast bollinger bands.
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 line is below the signal line.
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. 78.53 is the RSI value of SBGI stock.