Our Thoughts on Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) (2020-01-02)

REPORTING FOR 2020-01-02 | WCX19.ORG: We have done an in-depth analysis of how SBGI has been trading over the last 2 weeks and the past day especially. On its latest session, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) opened at 32.83, reaching a high of 33.43 and a low of 32.64 before closing at a price of 33.34. There was a total volume of 722974.

VOLUME INDICATORS FOR SINCLAIR BROADCAST GROUP, INC. (NASDAQ:SBGI): We saw an accumulation-distribution index of 356.04027, an on-balance volume of -32.895, chaikin money flow of 1.63333 and a force index of 0.2442. There was an ease of movement rating of -7e-05, a volume-price trend of -5.38866 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR SINCLAIR BROADCAST GROUP, INC. (NASDAQ:SBGI): We noted an average true range of 0.94623, bolinger bands of 32.66743, an upper bollinger band of 32.58257, lower bollinger band of 32.64, a bollinger high band indicator of 1.0, bollinger low band indicator of nan, a central keltner channel of 32.96667, high band keltner channel of 32.36667, low band keltner channel of 33.56667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 32.64, a donchian channel low band of 32.64, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR SINCLAIR BROADCAST GROUP, INC. (NASDAQ:SBGI): We calculated a Moving Average Convergence Divergence (MACD) of -0.00067, a MACD signal of -0.00037, a MACD difference of -0.0003, a fast Exponential Moving Average (EMA) indicator of 32.64, a slow Exponential Moving Average (EMA) indicator of 32.64, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.26689, a trix of -11.35975, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 6.40984, a KST Oscillator (KST) of -164.14506 and a KST Oscillator (KST Signal) of -164.14506 (leaving a KST difference of -0.19206). We also found an Ichimoku rating of 33.13, an Ichimoku B rating of 33.13, a Ichimoku visual trend A of 39.08248, an Ichimoku visual trend B of 37.15749, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR SINCLAIR BROADCAST GROUP, INC. (NASDAQ:SBGI): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 34.0215, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -14.05734, a stochastic oscillator of 131.66667, a stochastic oscillator signal of 131.66667, a Williams %R rating of 31.66667 and an awesome oscillator of 0.07833.

RETURNS FOR SINCLAIR BROADCAST GROUP, INC. (NASDAQ:SBGI): There was a daily return of -16.41451, a daily log return of -0.09195 and a cumulative return of -0.09191.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-02 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.