NEWS CORP - CLASS A (NWSA) Stock Technical Analysis
NASDAQ:NWSA - Nasdaq - US65249B1098 - Common Stock - Currency: USD
Taking everything into account, NWSA scores 7 out of 10 in our technical rating. Although NWSA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
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 3172080 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 56% of them, which is more or less in line with the market.
NWSA is part of the Media industry. There are 97 other stocks in this industry, NWSA did better than 64% of them.
In the last month NWSA has a been trading in a tight range between 29.13 and 30.75.
NWSA has an excellent technical rating and also presents a decent setup pattern. 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 29.52, a Stop Loss order could be placed below this zone.
More info and screens
23.78
30.79
4 important support areas can be observed.
- A support zone ranging from 28.73 to 29.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.42 to 27.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.56 from a trend line in the weekly 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 29.59 to 30.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for NWSA is up. |
| ChartMill Relative Strength | 56.39 | 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) | 54.56 | NEUTRAL | The RSI value for NWSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NWSA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.72 | OVERSOLD | The low Stochastics value suggests NWSA may be oversold. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for NWSA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.91 | POSITIVE | The high ADX value value for NWSA 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 |
|---|---|---|---|
| 29.63 | 29.12 | 0.51 (1.72%) | 25.00% |
| An entry @29.63. This is a Buy Stop order right above the 10 day moving average. | An exit @29.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.51 points, which is 1.72%. | For a 0.43% 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 NWSA. 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.
29.53
+0.18 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.61%
1 Week-1.11%
2 Weeks-0.03%
1 Month-0.03%
3 Month8.85%
6 Month5.16%
12 Month7.42%
2 Year48.99%
3 Year72.29%
5 Year132.15%
10 Year100.48%
15 Year126.28%
Volatility
ATR(14)0.47
ATR(20)%1.52%
ATR Inc-19.82%
Range Today0.33
ADR(20)0.44
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.39
Mansfield-0.31
10 Day High30.75
10 Day Low29.13
20 Day High30.75
20 Day Low29.13
52 Week High30.75
52 Week Low23.38
CS1 End29.52
CR1 Start29.59
Volume & EV
DER(3)-1.44%
DER(5)-1.71%
Volume2.33M
Volume Incr-28.55%
Vol(5)2.46M
Vol(50)3.17M