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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
NWS has a poor technical rating and the quality of the setup is also only medium 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.28 to 29.48. 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.
2 important resistance areas can be observed.
- Resistance @33.97 from a horizontal line in the daily time frame.
- A resistance zone ranging from 34.56 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 | 30.6 | NEUTRAL | NWS is not amongst the best or worst performers 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) | UP | MIXED | The current price of NWS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.2 | NEUTRAL | The RSI value for NWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests NWS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.35 | NEUTRAL | The Stochastics value for NWS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for NWS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.28 | NEUTRAL | The ADX value for NWS suggests a possible start of a new trend. |
30.51
+0.24 (+0.79%)
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 45.2043. 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 29.48 and a resistance level at 33.97. Check the full technical report for our detailed analysis of NWS support and resistance levels.