NEWS CORP - CLASS B (NWS) Stock Technical Analysis
NASDAQ:NWS - US65249B2088 - Common Stock
35.17 USD
+0.7 (+2.03%)
35.17 USD
0 (0%)
We assign a technical rating of 10 out of 10 to NWS. Both in the recent history as in the last year, NWS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NWS is one of the better performing stocks in the market, outperforming 73% of all stocks. On top of that, NWS also shows a nice and consistent pattern of rising prices.
NWS is part of the Media industry. There are 98 other stocks in this industry. NWS outperforms 74% of them.
NWS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NWS has a been trading in the 32.39 - 35.58 range, which is quite wide. It is currently trading near the high of this range.
Although NWS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.87
35.53
We found 6 important support areas.
- Support @35.00 from a horizontal line in the daily time frame.
- A support zone ranging from 32.79 to 34.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.98 from a horizontal line in the daily time frame.
- Support @31.45 from a horizontal line in the daily time frame.
- Support @28.87 from a trend line in the weekly 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 35.18 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 | UP | POSITIVE | The long term trend for NWS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWS is up. |
| ChartMill Relative Strength | 73.42 | POSITIVE | NWS has a high relative strength, it outperformed 73.42% off all stocks 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 | POSITIVE | The current price of NWS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.53 | NEUTRAL | The RSI value for NWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests NWS has a positive trend. |
| Stochastics (14,3) | 68.29 | NEUTRAL | The Stochastics value for NWS is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for NWS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.44 | NEUTRAL | The ADX value for NWS suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
35.17
+0.7 (+2.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg2.03%
1 Week3.35%
2 Weeks6.74%
1 Month4.39%
3 Month8.32%
6 Month8.89%
12 Month20.45%
2 Year59.86%
3 Year104%
5 Year133.38%
10 Year154.3%
15 Year149.61%
Volatility
ATR(14)0.79
ATR(20)%2%
ATR Inc-25.15%
Range Today0.71
ADR(20)0.69
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.42
Mansfield0.25
10 Day High35.26
10 Day Low32.69
20 Day High35.58
20 Day Low32.39
52 Week High35.58
52 Week Low26.25
CS1 End35
CR1 Start35.18
Volume & EV
DER(3)0.69%
DER(5)1.44%
Volume559.76K
Volume Incr-27.93%
Vol(5)588.15K
Vol(50)766.72K