Taking everything into account, NXST scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, NXST has proven to be a steady performer, scoring decent points in every aspect analyzed.
NXST has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 208.95. Right above this resistance zone may be a good entry point.
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149.05
5 important support areas can be observed.
- A support zone ranging from 193.40 to 196.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 187.96 to 188.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 182.17 to 184.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @179.09 from a horizontal line in the daily time frame.
- Support @150.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 208.95 to 211.32. 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 NXST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NXST is up. |
| ChartMill Relative Strength | 74.93 | POSITIVE | NXST has a high relative strength, it outperformed 74.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NXST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NXST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NXST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.4 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests NXST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.07 | NEUTRAL | The Stochastics value for NXST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for NXST suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 203.21 | 193.39 | 9.82 (4.83%) | 20.69% |
| An entry @203.21. This is a Buy Stop order right above the 10 day moving average. | An exit @193.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.82 points, which is 4.83%. | When investing 20.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
201.96
-2.34 (-1.15%)
NEXSTAR MEDIA GROUP INC / NXST FAQ
What is the ChartMill technical rating of NEXSTAR MEDIA GROUP INC (NXST) stock?
ChartMill assigns a technical rating of 9 / 10 to NXST.
What is the trend direction for NXST stock?
The current trend direction for NEXSTAR MEDIA GROUP INC (NXST) is Bullish.
What is the RSI signal for NXST stock?
NEXSTAR MEDIA GROUP INC (NXST) has an RSI value of 56.4043. This indicates that the stock is currently neutral.
What is the MACD signal for NEXSTAR MEDIA GROUP INC (NXST) stock?
The MACD indicator for NEXSTAR MEDIA GROUP INC (NXST) has a value of 0.909059, indicating a bearish trend.
What is the short term momentum for NEXSTAR MEDIA GROUP INC (NXST) stock?
The short term momentum for NEXSTAR MEDIA GROUP INC (NXST) is positive.