Taking everything into account, NWS scores 0 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.
Although the technical rating is bad, NWS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.32, a Stop Loss order could be placed below this zone.
More info and screens
26.87
We found 4 important support areas.
- A support zone ranging from 29.00 to 29.32. 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.
- A support zone ranging from 27.14 to 27.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.67 to 29.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.41 to 34.86. 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 | 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 | 26.4 | NEGATIVE | NWS has a low relative strength, it was outperformed by 73.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NWS is above a declining 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) | 52.38 | NEUTRAL | The RSI value for NWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests NWS has a positive trend. |
| Stochastics (14,3) | 75.96 | NEUTRAL | The Stochastics value for NWS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for NWS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.65 | NEGATIVE | The low ADX value for NWS suggests a weak or negative trend. |
29.66
+0.1 (+0.34%)
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 0 / 10 to NWS.
What is the current trend direction of NEWS CORP - CLASS B (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 52.3777. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEWS CORP - CLASS B?
The short term momentum for NEWS CORP - CLASS B (NWS) is neutral.
What is the support and resistance level for NWS stock?
NEWS CORP - CLASS B (NWS) has a support level at 29.32 and a resistance level at 29.67. Check the full technical report for our detailed analysis of NWS support and resistance levels.