NEXSTAR MEDIA GROUP INC (NXST) Stock Technical Analysis
NASDAQ:NXST - US65336K1034 - Common Stock
207.06 USD
+2.22 (+1.08%)
207.06 USD
0 (0%)
Overall NXST gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NXST is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
NXST is one of the better performing stocks in the Media industry, it outperforms 80% of 99 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.
NXST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NXST did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although NXST has an excellent technical rating, the quality of the presented setup is not ideal 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
144.88
209.13
4 important support areas can be observed.
- Support @191.07 from a trend line in the daily time frame.
- A support zone ranging from 184.52 to 185.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 150.31 to 150.56. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @146.34 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for NXST is up. |
| ChartMill Relative Strength | 80.51 | POSITIVE | NXST has a high relative strength, it outperformed 80.51% off all stocks 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) | 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) | 64.82 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests NXST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.99 | NEUTRAL | The Stochastics value for NXST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 33.93 | POSITIVE | The high ADX value value for NXST suggests a strong 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)
207.06
+2.22 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.08%
1 Week0.34%
2 Weeks10.85%
1 Month9.21%
3 Month20.73%
6 Month38.45%
12 Month20.7%
2 Year27.19%
3 Year8.23%
5 Year115.67%
10 Year345.48%
15 Year5421.6%
Volatility
ATR(14)8.08
ATR(20)%3.43%
ATR Inc-30.6%
Range Today5.6
ADR(20)6.77
ADR(20)%3.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.51
Mansfield1.22
10 Day High223.36
10 Day Low190.01
20 Day High223.36
20 Day Low180.35
52 Week High223.36
52 Week Low141.66
CS1 End191.07
CR1 StartN/A
Volume & EV
DER(3)0.33%
DER(5)1.14%
Volume283.00K
Volume Incr57%
Vol(5)589.32K
Vol(50)353.97K