Taking everything into account, NWS scores 5 out of 10 in our technical rating. NWS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- NWS is part of the Media industry. There are 91 other stocks in this industry. NWS outperforms 72% of them.
- When compared to the yearly performance of all other stocks, NWS outperforms 47% of them, which is more or less in line with the market.
- NWS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NWS is lagging the market.
- In the last month NWS has a been trading in a tight range between 29.26 and 30.98.
Although the technical rating is only medium, NWS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 30.29, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.87
We found 4 important support areas.
- A support zone ranging from 29.00 to 30.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.48 from a horizontal line in the daily time frame.
- Support @27.98 from a horizontal line in the daily time frame.
- Support @27.14 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.41 to 35.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NWS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWS is up. |
| ChartMill Relative Strength | 47.28 | NEUTRAL | NWS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NWS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.2 | NEUTRAL | The RSI value for NWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NWS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.07 | OVERBOUGHT | The high Stochastics value suggests NWS may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for NWS suggests low volalility. |
| Average Directional Index/ADX (14) | 23.38 | NEUTRAL | The ADX value for NWS suggests a possible start of a new trend. |
30.7
+0.01 (+0.03%)
NEWS CORP - CLASS B / NWS FAQ
What is the ChartMill technical rating of NEWS CORP - CLASS B (NWS) stock?
ChartMill assigns a technical rating of 5 / 10 to NWS.
What is the trend direction for NWS stock?
The current trend direction for NEWS CORP - CLASS B (NWS) is Bearish.
What is the RSI signal for NWS stock?
NEWS CORP - CLASS B (NWS) has an RSI value of 67.2012. This indicates that the stock is currently neutral.
What are the support and resistance levels for NEWS CORP - CLASS B (NWS) stock?
NEWS CORP - CLASS B (NWS) has a support level at 30.29 and a resistance level at 34.41. Check the full technical report for our detailed analysis of NWS support and resistance levels.