NEXSTAR MEDIA GROUP INC (NXST) Technical Analysis
NASDAQ:NXST • US65336K1034
Current stock price
NXST Technical Rating and Analysis
Taking everything into account, NXST scores 1 out of 10 in our technical rating. NXST has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month NXST has a been trading in the 173.01 - 253.74 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, NXST outperforms 43% of them, which is more or less in line with the market.
- NXST is part of the Media industry. There are 91 other stocks in this industry, NXST did better than 68% of them.
- 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.
NXST Weekly and Daily overview Charts
NXST Setup Rating and Analysis
The technical rating of NXST is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NXST Support and Resistance Analysis
149.05
2 important support areas can be observed.
- A support zone ranging from 179.09 to 180.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @150.56 from a horizontal line in the weekly time frame.
NXST 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 | NEUTRAL | NEUTRAL | The long term trend for NXST is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXST is down. |
| ChartMill Relative Strength | 43.7 | 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 | NEGATIVE | The current price of NXST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NXST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 23.15 | OVERSOLD | The low RSI value suggests NXST may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.34 | NEGATIVE | The MACD value suggests NXST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.27 | OVERSOLD | The low Stochastics value suggests NXST may be oversold. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for NXST suggests high volalility. |
| Average Directional Index/ADX (14) | 30.33 | POSITIVE | The high ADX value value for NXST suggests a strong trend. |
NXST Chart- and CandleStick Pattern Analysis
NXST Technicals: Chart, Performance Metrics, Trend & Indicators
180.38
+1.08 (+0.6%)
NEXSTAR MEDIA GROUP INC / NXST TA FAQ
What is the ChartMill technical rating of NEXSTAR MEDIA GROUP INC (NXST) stock?
ChartMill assigns a technical rating of 1 / 10 to NXST.
What is the current trend direction of NEXSTAR MEDIA GROUP INC (NXST) stock?
The current trend direction for NEXSTAR MEDIA GROUP INC (NXST) is Bearish.
What is the RSI signal for NEXSTAR MEDIA GROUP INC (NXST) stock?
NEXSTAR MEDIA GROUP INC (NXST) has an RSI value of 23.1526. This indicates that the stock is currently oversold.
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 -6.34397, indicating a bearish trend.
What is the short term momentum for NXST stock?
The short term momentum for NEXSTAR MEDIA GROUP INC (NXST) is negative.