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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 2024-06-12 View latest technical analysis

10 day averaged volume of Sinclair Broadcast is 328240

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	12.21	12.49	12.88	12.11	0.944 times
11 Tue Jun 2024	12.04	12.18	12.41	11.96	0.883 times
10 Mon Jun 2024	12.21	12.27	12.40	11.98	0.733 times
07 Fri Jun 2024	12.47	12.36	12.75	12.20	0.731 times
06 Thu Jun 2024	12.68	12.58	12.87	12.42	0.805 times
05 Wed Jun 2024	12.56	13.13	13.19	12.46	0.892 times
04 Tue Jun 2024	13.23	13.51	13.60	13.07	0.889 times
03 Mon Jun 2024	13.66	14.03	14.20	13.34	1.068 times
31 Fri May 2024	14.20	12.85	14.34	12.75	2.597 times
30 Thu May 2024	12.67	12.23	12.81	12.20	0.674 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.3, but if it comes above 12.3, then a intra day buy could be more profitable.
If you take a sell trade below 12.3, then use 12.3 as stoploss and 11.1 as target. However if you take a buy trade in stock , then use 12.3 as stoploss and 13.24 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	12.20
Upside Target	12.47
Upside Target	12.88
Upside Target	13.70
Upside Target	14.15
Upside Target	14.34
Upside Target	14.66
Upside Target	15.25
Upside Target	16.40
Upside Target	16.53

Intraday share price targets for Sinclair Broadcast (SBGI)

Target Type	Value
Downside Intraday Target	11.82
Downside Intraday Target	11.43
Upside Intraday Target	12.74
Upside Intraday Target	13.27
Upside Intraday Target	12.35

Weekly technical analysis of Sinclair Broadcast (SBGI)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	12.21	12.27	12.88	11.96	0.584 times
07 Fri Jun 2024	12.47	14.03	14.20	12.20	0.895 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

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
12 Wed Jun 2024	12.21	14.03	14.20	11.96	0.236 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 13.06 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 is giving positive returns over a short term period. Returns for a longer term period have been negative.

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