We assign a technical rating of 3 out of 10 to NXST. 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.
NXST has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 191.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 186.95, a Stop Loss order could be placed below this zone.
More info and screens
149.05
3 important support areas can be observed.
- A support zone ranging from 182.17 to 186.95. This zone is formed by a combination of multiple trend lines and important moving averages 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 193.12 to 194.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @200.50 from a trend line in the daily time frame.
- Resistance @204.07 from a horizontal line in the daily time frame.
- A resistance zone ranging from 208.94 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 | NEUTRAL | NEUTRAL | The long term trend for NXST is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NXST is neutral. |
| ChartMill Relative Strength | 58.06 | NEUTRAL | NXST is not amongst the best or worst performers 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) | 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) | 50.63 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests NXST has a positive trend. |
| Stochastics (14,3) | 55.25 | NEUTRAL | The Stochastics value for NXST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 14.74 | NEGATIVE | The low ADX value for NXST suggests a weak or negative trend. |
192.14
+1.12 (+0.59%)
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 3 / 10 to NXST.
What is the trend direction for NXST stock?
The current trend direction for NEXSTAR MEDIA GROUP INC (NXST) is Bearish.
What is the RSI signal for NXST stock?
NEXSTAR MEDIA GROUP INC (NXST) has an RSI value of 50.6268. 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 0.545971, 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.