NEXSTAR MEDIA GROUP INC (NXST) Stock Technical Analysis
USA - NASDAQ:NXST - US65336K1034 - Common Stock
Taking everything into account, NXST scores 5 out of 10 in our technical rating. In the last year, NXST was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, NXST does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 195.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NXST in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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149.05
3 important support areas can be observed.
- A support zone ranging from 188.64 to 195.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @184.53 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 | NEUTRAL | NEUTRAL | The short term trend for NXST is neutral. |
| ChartMill Relative Strength | 77.73 | POSITIVE | NXST has a high relative strength, it outperformed 77.73% 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) | DOWN | NEGATIVE | The current price of NXST is below a declining 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) | 54.51 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests NXST has a positive trend. |
| Stochastics (14,3) | 78.67 | NEUTRAL | The Stochastics value for NXST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 15.63 | NEGATIVE | The low ADX value for NXST suggests a weak or negative trend. |
198.39
+3.29 (+1.69%)
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 5 / 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 54.509. 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 0.757424, 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 neutral.