Technical Analysis for SBGI - Sinclair Broadcast Group, Inc.

Grade Last Price % Change Price Change
B 12.32 -1.83% -0.23
SBGI closed down 1.83 percent on Friday, May 24, 2024, on 83 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish -1.83%
Fell Below 50 DMA Bearish -1.83%
Stochastic Reached Oversold Weakness -1.83%
Wide Bands Range Expansion -1.83%
Down 3 Days in a Row Weakness -1.83%

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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 17.2498
52 Week Low 9.0396
Average Volume 426,429
200-Day Moving Average 12.75
50-Day Moving Average 12.91
20-Day Moving Average 13.76
10-Day Moving Average 13.97
Average True Range 0.82
RSI (14) 40.83
ADX 20.83
+DI 22.52
-DI 26.03
Chandelier Exit (Long, 3 ATRs) 14.08
Chandelier Exit (Short, 3 ATRs) 14.36
Upper Bollinger Bands 15.94
Lower Bollinger Band 11.59
Percent B (%b) 0.17
BandWidth 31.63
MACD Line 0.07
MACD Signal Line 0.33
MACD Histogram -0.2646
Fundamentals Value
Market Cap 489.59 Million
Num Shares 39.7 Million
EPS 1.70
Price-to-Earnings (P/E) Ratio 7.25
Price-to-Sales 0.27
Price-to-Book 1.43
PEG Ratio 0.89
Dividend 1.00
Dividend Yield 8.12%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.00
Resistance 3 (R3) 13.05 12.89 12.88
Resistance 2 (R2) 12.89 12.71 12.86 12.84
Resistance 1 (R1) 12.60 12.61 12.52 12.55 12.81
Pivot Point 12.44 12.44 12.40 12.41 12.44
Support 1 (S1) 12.15 12.26 12.07 12.10 11.83
Support 2 (S2) 11.99 12.16 11.96 11.80
Support 3 (S3) 11.70 11.99 11.76
Support 4 (S4) 11.65