NEWS CORP - CLASS A (NWSA) Stock Technical Analysis
NASDAQ:NWSA - Nasdaq - US65249B1098 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to NWSA. In the last year, NWSA 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
NWSA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NWSA has an average volume of 3396110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, NWSA outperforms 50% of them, which is more or less in line with the market.
NWSA is an average performer in the Media industry, it outperforms 63% of 98 stocks in the same industry.
NWSA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NWSA is lagging the market.
In the last month NWSA has a been trading in a tight range between 27.24 and 28.51.
Although the technical rating is only medium, NWSA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.74, a Stop Loss order could be placed below this zone.
More info and screens
23.73
30.79
We found 4 important support areas.
- A support zone ranging from 27.21 to 27.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.19 from a trend line in the weekly time frame.
- Support @24.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 23.97 to 24.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.98 to 28.62. 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 29.86 to 30.49. 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 NWSA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWSA is neutral. |
| ChartMill Relative Strength | 50.42 | NEUTRAL | NWSA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NWSA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWSA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.93 | NEUTRAL | The RSI value for NWSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NWSA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.34 | NEUTRAL | The Stochastics value for NWSA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for NWSA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.88 | NEGATIVE | The low ADX value for NWSA suggests a weak or negative 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)
27.88
-0.08 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.29%
1 Week0.11%
2 Weeks-1.62%
1 Month-1.2%
3 Month3.34%
6 Month-2.55%
12 Month2.95%
2 Year42.97%
3 Year78.95%
5 Year135.08%
10 Year91.09%
15 Year133.11%
Volatility
ATR(14)0.43
ATR(20)%1.47%
ATR Inc-21.33%
Range Today0.34
ADR(20)0.4
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.42
Mansfield-0.36
10 Day High28.43
10 Day Low27.54
20 Day High28.51
20 Day Low27.24
52 Week High30.69
52 Week Low23.38
CS1 End27.74
CR1 Start27.98
Volume & EV
DER(3)0.63%
DER(5)-0.59%
Volume2.58M
Volume Incr-17.73%
Vol(5)2.86M
Vol(50)3.40M