Sinclair Broadcast Group Stock Technical Analysis

SBGI Stock  USD 13.47  0.28  2.12%   
As of the 29th of March, Sinclair Broadcast has the Coefficient Of Variation of 2547.01, semi deviation of 4.06, and Risk Adjusted Performance of 0.0306. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sinclair Broadcast, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Sinclair Broadcast Group, which can be compared to its competition. Please validate Sinclair Broadcast variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Sinclair Broadcast is priced more or less accurately, providing market reflects its prevalent price of 13.47 per share. Given that Sinclair Broadcast has jensen alpha of (0.02), we advise you to double-check Sinclair Broadcast Group's current market performance to make sure the company can sustain itself at a future point.

Sinclair Broadcast Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sinclair, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Sinclair
  
Sinclair Broadcast's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Sinclair Broadcast Analyst Consensus

Target PriceAdvice# of Analysts
18.5Hold8Odds
Sinclair Broadcast Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Sinclair analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Sinclair stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Sinclair Broadcast, talking to its executives and customers, or listening to Sinclair conference calls.
Sinclair Analyst Advice Details
Sinclair Broadcast technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Sinclair Broadcast technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sinclair Broadcast trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Sinclair Broadcast Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sinclair Broadcast volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Sinclair Broadcast Trend Analysis

Use this graph to draw trend lines for Sinclair Broadcast Group. You can use it to identify possible trend reversals for Sinclair Broadcast as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sinclair Broadcast price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Sinclair Broadcast Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sinclair Broadcast Group applied against its price change over selected period. The best fit line has a slop of   0.04  , which may suggest that Sinclair Broadcast Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 50.28, which is the sum of squared deviations for the predicted Sinclair Broadcast price change compared to its average price change.

About Sinclair Broadcast Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sinclair Broadcast Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sinclair Broadcast Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sinclair Broadcast price pattern first instead of the macroeconomic environment surrounding Sinclair Broadcast. By analyzing Sinclair Broadcast's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sinclair Broadcast's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sinclair Broadcast specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.03280.07030.07660.0804
Price To Sales Ratio0.320.280.270.26

Sinclair Broadcast March 29, 2024 Technical Indicators

Most technical analysis of Sinclair help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sinclair from various momentum indicators to cycle indicators. When you analyze Sinclair charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Sinclair Broadcast March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Sinclair stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Sinclair Broadcast offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sinclair Broadcast's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sinclair Broadcast Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sinclair Broadcast Group Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sinclair Broadcast Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Sinclair Broadcast information on this page should be used as a complementary analysis to other Sinclair Broadcast's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Sinclair Stock analysis

When running Sinclair Broadcast's price analysis, check to measure Sinclair Broadcast's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sinclair Broadcast is operating at the current time. Most of Sinclair Broadcast's value examination focuses on studying past and present price action to predict the probability of Sinclair Broadcast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sinclair Broadcast's price. Additionally, you may evaluate how the addition of Sinclair Broadcast to your portfolios can decrease your overall portfolio volatility.
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Is Sinclair Broadcast's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sinclair Broadcast. If investors know Sinclair will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sinclair Broadcast listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.93)
Dividend Share
1
Earnings Share
(4.46)
Revenue Per Share
48.123
Quarterly Revenue Growth
(0.14)
The market value of Sinclair Broadcast is measured differently than its book value, which is the value of Sinclair that is recorded on the company's balance sheet. Investors also form their own opinion of Sinclair Broadcast's value that differs from its market value or its book value, called intrinsic value, which is Sinclair Broadcast's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sinclair Broadcast's market value can be influenced by many factors that don't directly affect Sinclair Broadcast's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sinclair Broadcast's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sinclair Broadcast is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sinclair Broadcast's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.