Technical Analysis for SBGI - Sinclair Broadcast Group, Inc.

Grade Last Price % Change Price Change
A 16.65 4.00% 0.64
SBGI closed up 4.0 percent on Friday, October 4, 2024, on 1.14 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New Uptrend Bullish 4.00%
Overbought Stochastic Strength 4.00%

   Recent Intraday Alerts

Alert Time
Up 3% about 19 hours ago
Rose Above Upper Bollinger Band about 22 hours ago
60 Minute Opening Range Breakout about 22 hours ago
Up 2% about 22 hours ago
Upper Bollinger Band Resistance about 23 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 16.67
52 Week Low 8.7228
Average Volume 390,116
200-Day Moving Average 13.28
50-Day Moving Average 13.87
20-Day Moving Average 14.47
10-Day Moving Average 15.31
Average True Range 0.65
RSI (14) 78.17
ADX 28.58
+DI 30.97
-DI 8.32
Chandelier Exit (Long, 3 ATRs) 14.71
Chandelier Exit (Short, 3 ATRs) 14.18
Upper Bollinger Bands 16.56
Lower Bollinger Band 12.39
Percent B (%b) 1.02
BandWidth 28.86
MACD Line 0.67
MACD Signal Line 0.46
MACD Histogram 0.2094
Fundamentals Value
Market Cap 661.66 Million
Num Shares 39.7 Million
EPS 1.70
Price-to-Earnings (P/E) Ratio 9.79
Price-to-Sales 0.27
Price-to-Book 1.43
PEG Ratio 0.89
Dividend 1.00
Dividend Yield 6.01%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.77
Resistance 3 (R3) 17.65 17.16 17.58
Resistance 2 (R2) 17.16 16.88 17.22 17.52
Resistance 1 (R1) 16.90 16.70 17.03 17.02 17.46
Pivot Point 16.42 16.42 16.48 16.47 16.42
Support 1 (S1) 16.16 16.13 16.29 16.28 15.84
Support 2 (S2) 15.67 15.95 15.73 15.78
Support 3 (S3) 15.42 15.67 15.72
Support 4 (S4) 15.53