NEXSTAR MEDIA GROUP INC (NXST) Stock Technical Analysis
NASDAQ:NXST - Nasdaq - US65336K1034 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to NXST. Both in the recent history as in the last year, NXST has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
NXST is part of the Media industry. There are 96 other stocks in this industry. NXST outperforms 84% of them.
In the last month NXST has a been trading in the 141.66 - 177.81 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, NXST did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
Considerably lower volume is observed in the last couple of days.
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
185.20
When analyzing the support we can see 3 important areas.
- Support @170.72 from a horizontal line in the daily time frame.
- A support zone ranging from 162.54 to 163.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.34 to 150.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 177.08 to 177.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 182.41 to 183.37. This zone is formed by a combination of multiple trend lines in the weekly 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 | 83.85 | POSITIVE | NXST has a high relative strength, it outperformed 83.85% 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) | 59.44 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.28 | POSITIVE | The MACD value suggests NXST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.99 | OVERBOUGHT | The high Stochastics value suggests NXST may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 30.65 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 177.86 | 170.71 | 7.15 (4.02%) | 24.88% |
| An entry @177.86. This is a Buy Stop order right above the resistance zone. | An exit @170.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.15 points, which is 4.02%. | For a 1.00% total portfolio risk, you can invest 24.88% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NXST. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
171.46
+0.73 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.43%
1 Week-2.63%
2 Weeks4.35%
1 Month13.58%
3 Month14.64%
6 Month1.01%
12 Month8.35%
2 Year13.61%
3 Year-2.15%
5 Year105.81%
10 Year201.39%
15 Year2384.93%
Volatility
ATR(14)5.33
ATR(20)%3.09%
ATR Inc-29.11%
Range Today2.77
ADR(20)4.63
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.85
Mansfield0.17
10 Day High177.81
10 Day Low161.6
20 Day High177.81
20 Day Low141.66
52 Week High191.86
52 Week Low141.66
CS1 End170.72
CR1 Start177.08
Volume & EV
DER(3)-2.29%
DER(5)-1.6%
Volume276.10K
Volume Incr-44.36%
Vol(5)307.48K
Vol(50)565.98K