NEXSTAR MEDIA GROUP INC (NXST) Stock Technical Analysis
NASDAQ:NXST - Nasdaq - US65336K1034 - Common Stock - Currency: USD
Overall NXST gets a technical rating of 4 out of 10. In the last year, NXST 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 NXST has a been trading in the 164.44 - 177.81 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the performance of all stocks over the past year, NXST turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
NXST is an average performer in the Media industry, it outperforms 67% of 98 stocks in the same industry.
NXST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NXST is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
NXST has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 165.10, a Stop Loss order could be placed below this zone.
More info and screens
143.22
185.20
2 important support areas can be observed.
- A support zone ranging from 161.71 to 165.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 144.67 to 150.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 168.49 to 173.25. 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 177.08 to 177.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 182.41 to 183.37. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for NXST is neutral. |
| ChartMill Relative Strength | 56.81 | NEUTRAL | NXST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NXST is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NXST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.86 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests NXST has a negative trend. |
| Stochastics (14,3) | 42.22 | NEUTRAL | The Stochastics value for NXST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 18.52 | NEGATIVE | The low ADX value for NXST 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)
166.54
-2.63 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.55%
1 Week-1.46%
2 Weeks-2.28%
1 Month-5.42%
3 Month-1.97%
6 Month1.18%
12 Month10.61%
2 Year-0.01%
3 Year2.25%
5 Year99%
10 Year197.39%
15 Year3702.28%
Volatility
ATR(14)4.06
ATR(20)%2.32%
ATR Inc1.92%
Range Today4.36
ADR(20)3.58
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.81
Mansfield-0.33
10 Day High174.34
10 Day Low164.45
20 Day High177.81
20 Day Low164.45
52 Week High191.86
52 Week Low141.66
CS1 End165.1
CR1 Start168.49
Volume & EV
DER(3)2.22%
DER(5)1.63%
Volume278.70K
Volume Incr-44.16%
Vol(5)196.32K
Vol(50)456.50K