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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 2024-06-05 View latest technical analysis

10 day averaged volume of Sinclair Broadcast is 395400

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	12.56	13.13	13.19	12.46	0.74 times
04 Tue Jun 2024	13.23	13.51	13.60	13.07	0.738 times
03 Mon Jun 2024	13.66	14.03	14.20	13.34	0.887 times
31 Fri May 2024	14.20	12.85	14.34	12.75	2.156 times
30 Thu May 2024	12.67	12.23	12.81	12.20	0.559 times
29 Wed May 2024	12.17	12.11	12.22	11.88	0.604 times
28 Tue May 2024	12.36	12.44	12.61	12.04	0.746 times
23 Thu May 2024	12.55	13.50	13.56	12.47	1.614 times
22 Wed May 2024	13.44	13.34	13.72	13.25	0.75 times
21 Tue May 2024	13.54	13.60	13.79	13.26	0.657 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.7, but if it comes above 12.7, then a intra day buy could be more profitable.
If you take a sell trade below 12.7, then use 12.7 as stoploss and 11.4 as target. However if you take a buy trade in stock , then use 12.7 as stoploss and 13.81 as target.

Share price targets for Sinclair Broadcast (SBGI)

Target Type	Value
Downside Target	11.35
Downside Target	11.63
Downside Target	11.88
Downside Target	12.46
Upside Target	12.91
Upside Target	13.70
Upside Target	14.15
Upside Target	14.66
Upside Target	15.25
Upside Target	16.35
Upside Target	16.40
Upside Target	16.53

Intraday share price targets for Sinclair Broadcast (SBGI)

Target Type	Value
Downside Intraday Target	11.95
Downside Intraday Target	11.33
Upside Intraday Target	13.69
Upside Intraday Target	14.81
Upside Intraday Target	13.07

Weekly technical analysis of Sinclair Broadcast (SBGI)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	12.56	14.03	14.20	12.46	0.582 times
31 Fri May 2024	14.20	12.44	14.34	11.88	0.943 times
23 Thu May 2024	12.55	14.60	14.66	12.47	0.706 times
17 Fri May 2024	14.55	15.37	16.53	14.15	0.749 times
10 Fri May 2024	15.00	13.42	16.35	12.91	2.618 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
05 Wed Jun 2024	12.56	14.03	14.20	12.46	0.097 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
28 Thu Mar 2024	13.47	15.25	15.25	11.35	1.067 times

Scroll below to view daily charts

Price has moved down 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sinclair Broadcast ( (SBGI) ) based on a short 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 short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sinclair Broadcast ( (SBGI) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a SELL signal for Sinclair Broadcast in short term and the sell signal is strong.

Sinclair Broadcast Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sinclair Broadcast in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.19 and Sinclair Broadcast (SBGI) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.