Sphere Entertainment Co

SPHR is in a Stage 4 decline with active lower highs and lower lows, confirmed by support failure and a bearish pivot point pattern. The medium-term bias is firmly bearish, and short-term price action—rejection at declining EMAs—favors immediate selling. The long-term uptrend remains intact but does not negate the current downtrend. A momentum-focused strategy supports participation in the downside continuation.

• ↑Q1 2026 revenue surged 70% YoY to $386.4M, driven by ‘Wizard of Oz’
• ↑Nearly 3 million tickets sold for flagship production, reflecting strong demand
• ↓P/E multiple of ~95.8x signals stretched valuation risk