Technical Analysis for SBGI - Sinclair Broadcast Group, Inc.

Grade Last Price % Change Price Change
C 12.74 2.58% 0.32
SBGI closed up 2.58 percent on Wednesday, April 24, 2024, on 60 percent of normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
Earnings due: May 8
*** please verify all earnings dates ***
3 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Down Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
20 DMA Resistance Bearish 2.58%
Gapped Down Weakness 2.58%
20 DMA Resistance Bearish 3.24%
Spinning Top Other 3.24%
20 DMA Resistance Bearish 3.16%
MACD Bullish Signal Line Cross Bullish 3.16%
NR7 Range Contraction 3.16%
Oversold Stochastic Weakness 3.16%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 16 hours ago
Rose Above 200 DMA about 16 hours ago
Possible NR7 about 18 hours ago
Rose Above Previous Day's High about 22 hours ago
Up 2% about 22 hours ago

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Profile

Sinclair Broadcast Group, Inc. Description

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. It broadcasts free over-the-air programming, such as network provided programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs, and other locally produced programs. As of March 1, 2013, the company owned, provided programming and operating services pursuant to local marketing agreements, or provided sales services pursuant to outsourcing agreements to 86 television stations in 46 markets. It also offers sign design and fabrication services; security alarm monitoring services; and engages in real estate activities, such as investing in developmental land, and operating commercial real estate properties and apartments, as well as invests in private equity and structured debt/mezzanine financing investment funds. The company was founded in 1952 and is headquartered in Hunt Valley, Maryland.


Classification

Sector: Consumer Cyclical
Industry: Broadcasting - TV
Keywords: Telecommunications Real Estate Properties Broadcasting Television Television Stations Television Network Monitoring Services Real Estate Activities Fabrication Services Media In The United States Broadcast Law Security Alarm

Is SBGI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 19.0919
52 Week Low 9.0396
Average Volume 445,829
200-Day Moving Average 12.69
50-Day Moving Average 13.12
20-Day Moving Average 12.47
10-Day Moving Average 12.18
Average True Range 0.58
RSI (14) 52.38
ADX 14.67
+DI 20.88
-DI 24.27
Chandelier Exit (Long, 3 ATRs) 11.95
Chandelier Exit (Short, 3 ATRs) 13.38
Upper Bollinger Bands 13.41
Lower Bollinger Band 11.53
Percent B (%b) 0.64
BandWidth 15.07
MACD Line -0.18
MACD Signal Line -0.27
MACD Histogram 0.0928
Fundamentals Value
Market Cap 506.28 Million
Num Shares 39.7 Million
EPS 1.70
Price-to-Earnings (P/E) Ratio 7.49
Price-to-Sales 0.27
Price-to-Book 1.43
PEG Ratio 0.89
Dividend 1.00
Dividend Yield 7.85%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.35
Resistance 3 (R3) 13.28 13.01 13.25
Resistance 2 (R2) 13.01 12.86 13.05 13.21
Resistance 1 (R1) 12.88 12.76 12.95 12.94 13.18
Pivot Point 12.61 12.61 12.64 12.64 12.61
Support 1 (S1) 12.47 12.45 12.54 12.54 12.30
Support 2 (S2) 12.20 12.36 12.24 12.27
Support 3 (S3) 12.07 12.20 12.23
Support 4 (S4) 12.13