NEWS CORP - CLASS B (NWS) Stock Technical Analysis
USA - NASDAQ:NWS - US65249B2088 - Common Stock
We assign a technical rating of 0 out of 10 to NWS. 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 support zone below the current price at 28.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NWS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
26.87
2 important support areas can be observed.
- A support zone ranging from 28.48 to 28.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.14 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 29.61 to 29.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 30.47 to 31.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.86 to 35.00. 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 | DOWN | NEGATIVE | The short term trend for NWS is down. |
| ChartMill Relative Strength | 23.19 | NEGATIVE | NWS has a low relative strength, it was outperformed by 76.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NWS is below 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) | 38.45 | NEUTRAL | The RSI value for NWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NWS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.91 | NEUTRAL | The Stochastics value for NWS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for NWS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.65 | NEGATIVE | The low ADX value for NWS suggests a weak or negative trend. |
28.92
-0.64 (-2.17%)
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 38.4457. 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 negative.
What is the support and resistance level for NWS stock?
NEWS CORP - CLASS B (NWS) has a support level at 28.91 and a resistance level at 29.61. Check the full technical report for our detailed analysis of NWS support and resistance levels.