NEWS CORP - CLASS B (NWS) Stock Technical Analysis
NASDAQ:NWS - Nasdaq - US65249B2088 - Common Stock - Currency: USD
Overall NWS gets a technical rating of 6 out of 10. In the last year, NWS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month NWS has a been trading in the 33.35 - 35.41 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
NWS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NWS is lagging the market slightly.
When comparing the performance of all stocks over the past year, NWS turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
NWS is part of the Media industry. There are 97 other stocks in this industry, NWS did better than 67% of them.
Although the technical rating is only medium, NWS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 33.54, a Stop Loss order could be placed below this zone.
More info and screens
26.87
35.36
5 important support areas can be observed.
- A support zone ranging from 33.05 to 33.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.34 to 31.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.17 from a trend line in the weekly time frame.
- Support @27.65 from a horizontal line in the daily time frame.
- Support @27.14 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 33.70 to 34.14. 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 34.87 to 35.01. 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 | NEUTRAL | NEUTRAL | The short term trend for NWS is neutral. |
| ChartMill Relative Strength | 68.54 | NEUTRAL | NWS is not amongst the best or worst performers 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) | 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) | 49.76 | NEUTRAL | The RSI value for NWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests NWS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.1 | OVERSOLD | The low Stochastics value suggests NWS may be oversold. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for NWS suggests low volalility. |
| Average Directional Index/ADX (14) | 25.66 | POSITIVE | The high ADX value value for NWS suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.15 | 33.34 | 0.81 (2.37%) | 25.00% |
| An entry @34.15. This is a Buy Stop order right above the resistance zone. | An exit @33.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.81 points, which is 2.37%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NWS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.69
+0.14 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.42%
1 Week-2.23%
2 Weeks-1.75%
1 Month-0.8%
3 Month7.88%
6 Month6.68%
12 Month18.79%
2 Year67.53%
3 Year94.97%
5 Year164.03%
10 Year136.09%
15 Year127.79%
Volatility
ATR(14)0.59
ATR(20)%1.58%
ATR Inc-28.25%
Range Today0.34
ADR(20)0.53
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.54
Mansfield-0.04
10 Day High35.41
10 Day Low33.35
20 Day High35.41
20 Day Low33.35
52 Week High35.41
52 Week Low26.04
CS1 End33.54
CR1 Start33.7
Volume & EV
DER(3)-0.71%
DER(5)0.42%
Volume478.40K
Volume Incr-22.72%
Vol(5)600.58K
Vol(50)677.20K