NWSA Technical Analysis - NEWS CORP - CLASS A

Technical Rating and Analysis

Taking everything into account, NWSA scores 4 out of 10 in our technical rating. NWSA has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

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 part of the Media industry. There are 98 other stocks in this industry. NWSA outperforms 72% of them.

NWSA 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 NWSA is lagging the market slightly.

NWSA has an average volume of 3981060 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 52% of them, which is more or less in line with the market.

In the last month NWSA has a been trading in the 28.66 - 31.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEWS CORP - CLASS A / NWSA Weekly stock chart

NEWS CORP - CLASS A / NWSA Daily stock chart

Setup Rating and Analysis

NWSA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.78

31.34

4 important support areas can be observed.

Support @28.94 from a horizontal line in the weekly time frame.
A support zone ranging from 28.38 to 28.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @27.61 from a horizontal line in the daily time frame.
Support @24.02 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 29.11 to 31.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	52.66	NEUTRAL	NWSA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NWSA is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NWSA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of NWSA is above a declining SMA(200).
Relative Strength Index/RSI (14)	41.02	NEUTRAL	The RSI value for NWSA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests NWSA has a negative trend.
Stochastics (14,3)	55.53	NEUTRAL	The Stochastics value for NWSA is a neutral value.
Average True Range in percent/ATR (20)	2.4	MEDIUM VOLATILITY	The ATR as a percentage value for NWSA suggests some volalility.
Average Directional Index/ADX (14)	19.06	NEGATIVE	The low ADX value for NWSA suggests a weak or negative trend.