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(SBGI) Sinclair Broadcast complete technical analysis [charts+indicators] | Buy/Sell Sinclair Broadcast | (SBGI) share price targets

Complete technical analysis of Sinclair Broadcast (SBGI) by charts plus indicators, forecast predictions and share price targets for Sinclair Broadcast (SBGI)

Sinclair Broadcast trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-07-09 View latest technical analysis

10 day averaged volume of Sinclair Broadcast is 430840

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	13.38	13.31	13.42	12.97	0.834 times
08 Mon Jul 2024	13.32	13.47	13.60	13.04	0.808 times
05 Fri Jul 2024	13.38	13.23	13.74	13.05	1.059 times
03 Wed Jul 2024	13.35	13.38	13.81	13.35	0.39 times
03 Wed Jul 2024	13.35	13.38	13.81	13.35	0.39 times
02 Tue Jul 2024	13.34	13.25	13.37	12.81	0.557 times
01 Mon Jul 2024	13.38	13.27	13.93	13.15	0.837 times
28 Fri Jun 2024	13.33	12.40	13.53	12.32	3.875 times
27 Thu Jun 2024	12.30	12.14	12.33	11.97	0.583 times
26 Wed Jun 2024	12.15	11.58	12.27	11.58	0.988 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.2, but if it comes below 13.2, then a intra day sell could be more profitable.
If you take a sell trade below 13.2, then use 13.2 as stoploss and 12.41 as target. However if you take a buy trade in stock , then use 13.2 as stoploss and 14.2 as target.

Share price targets for Sinclair Broadcast (SBGI)

Target Type	Value
Downside Target	11.13
Downside Target	11.88
Downside Target	12.30
Downside Target	12.81
Upside Target	13.53
Upside Target	13.70
Upside Target	13.81
Upside Target	13.93
Upside Target	14.20
Upside Target	15.25
Upside Target	16.53

Intraday share price targets for Sinclair Broadcast (SBGI)

Target Type	Value
Downside Intraday Target	13.03
Downside Intraday Target	12.69
Upside Intraday Target	13.66
Upside Intraday Target	13.95
Downside Intraday Target	13.32

Weekly technical analysis of Sinclair Broadcast (SBGI)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	13.38	13.47	13.60	12.97	1.133 times
05 Fri Jul 2024	13.38	13.38	13.81	13.05	0.812 times
03 Wed Jul 2024	13.35	13.27	13.93	12.81	0.261 times
28 Fri Jun 2024	13.33	12.02	13.53	11.43	1.733 times
21 Fri Jun 2024	11.88	11.67	12.30	11.13	2.424 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sinclair Broadcast (SBGI)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	13.38	13.27	13.93	12.81	0.244 times
28 Fri Jun 2024	13.33	14.03	14.20	11.13	0.891 times
31 Fri May 2024	14.20	12.26	16.53	11.88	1.336 times
30 Tue Apr 2024	12.30	13.39	13.70	11.63	0.69 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sinclair Broadcast (SBGI)

Price action analysis of Sinclair Broadcast ( (SBGI) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sinclair Broadcast ( (SBGI) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sinclair Broadcast ( (SBGI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sinclair Broadcast ( (SBGI) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sinclair Broadcast stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sinclair Broadcast in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sinclair Broadcast Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Sinclair Broadcast in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sinclair Broadcast is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.17 and Sinclair Broadcast (SBGI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sinclair Broadcast (SBGI) stock. Volume based technical analysis of Sinclair Broadcast (SBGI) stock is negative.

Sinclair Broadcast Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.