TKO Group Holdings is a sports and entertainment company which operates combat sport and sports entertainment brands. Co. owns and manages sports and entertainment intellectual properties through four principal activities: Media and Content, Live Events, Sponsorship and Consumer Products Licensing. Co. operates through two segments: Ultimate Fighting Championship consists of media rights fees associated with the distribution of its programming content, ticket sales and site fees associated with live events, sponsorships and consumer product licensing agreements; and World Wrestling Entertainment, Inc. which is an integrated media organization and sports entertainment.
When researching a stock like TKO Group Holdings, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from TKO Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for TKO stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting TKO RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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Video: RSI Indicator