NEWS CORP - CLASS B (NWS) Technical Analysis
NASDAQ:NWS • US65249B2088
Taking everything into account, NWS scores 1 out of 10 in our technical rating. NWS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 78% of all other stocks performed better in the past year than NWS.
- NWS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NWS is lagging the market.
- In the last month NWS has a been trading in the 25.49 - 27.74 range, which is quite wide. It is currently trading near the high of this range.
- NWS has an average volume of 1277510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NWS is an average performer in the Media industry, it outperforms 55% of 91 stocks in the same industry.
The technical rating of NWS is bad and it also does not present a quality setup 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
25.39
When analyzing the support we notice one important area.
- A support zone ranging from 25.65 to 25.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 29.83 to 30.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 31.10 to 31.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.86 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for NWS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWS is neutral. |
| ChartMill Relative Strength | 22.35 | NEGATIVE | NWS has a low relative strength, it was outperformed by 77.65% 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) | DOWN | NEGATIVE | The current price of NWS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NWS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.38 | NEUTRAL | The RSI value for NWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests NWS has a positive trend. |
| Stochastics (14,3) | 86.2 | OVERBOUGHT | The high Stochastics value suggests NWS may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for NWS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.49 | POSITIVE | The high ADX value value for NWS suggests a strong trend. |
NWS Technicals: Chart, Performance Metrics, Trend & Indicators
27.7
+0.77 (+2.84%)
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 1 / 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 53.3797. 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 25.65 and a resistance level at 29.83. Check the full technical report for our detailed analysis of NWS support and resistance levels.