Lionsgate Studios Corp

The stock remains in a defined downtrend in Stage 4 with lower highs and lower lows below its EMAs, despite near-oversold RSI and support at the 200-day SMA. Medium-term bias is bearish under the continuation pattern and declining EMAs. Short-term timing is neutral as oversold conditions and the 200-day support delay further downside entries. We will defer new shorts and look to trim into rallies near the 9/20/50-day EMA resistance zone.

• ↑Q1 revenue rose 48% YoY to $777M, fueled by key franchises
• ↑Content backlog expanded 21% YoY to $1.5B, supporting future releases
• ↓Negative earnings yield and low profitability raise sustainability concerns