NXST Technical Analysis - NEXSTAR MEDIA GROUP INC

Technical Rating and Analysis

Taking everything into account, NXST scores 5 out of 10 in our technical rating. NXST has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

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.

NXST is one of the better performing stocks in the Media industry, it outperforms 82% of 96 stocks in the same industry.

NXST 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 NXST is lagging the market slightly.

Looking at the yearly performance, NXST did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month NXST has a been trading in the 195.00 - 210.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEXSTAR MEDIA GROUP INC / NXST Weekly stock chart

NEXSTAR MEDIA GROUP INC / NXST Daily stock chart

Setup Rating and Analysis

NXST has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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. There is a support zone below the current price at 201.74, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

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Bull Flags

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Support and Resistance Analysis

149.05

213.43

We found 2 important support areas.

A support zone ranging from 196.05 to 201.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @150.56 from a horizontal line in the weekly time frame.

We found 1 important resistance 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.

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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 NXST is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NXST is neutral.
ChartMill Relative Strength	75.73	POSITIVE	NXST has a high relative strength, it outperformed 75.73% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NXST is above a declining 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)	51.77	NEUTRAL	The RSI value for NXST is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.46	NEGATIVE	The MACD value suggests NXST has a negative trend, although the MACD value is rising.
Stochastics (14,3)	37.05	NEUTRAL	The Stochastics value for NXST is a neutral value.
Average True Range in percent/ATR (20)	2.7	MEDIUM VOLATILITY	The ATR as a percentage value for NXST suggests some volalility.
Average Directional Index/ADX (14)	18.9	NEGATIVE	The low ADX value for NXST suggests a weak or negative trend.