NEXSTAR MEDIA GROUP INC (NXST) Stock Technical Analysis
NASDAQ:NXST - Nasdaq - US65336K1034 - Common Stock - Currency: USD
Overall NXST gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NXST is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
NXST is one of the better performing stocks in the Media industry, it outperforms 70% of 98 stocks in the same industry.
NXST is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NXST is performing more or less in line with the market.
Looking at the yearly performance, NXST did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month NXST has a been trading in the 176.63 - 192.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NXST has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
144.88
193.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 164.70 to 166.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 149.92 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 184.91 to 191.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 72.85 | POSITIVE | NXST has a high relative strength, it outperformed 72.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NXST is below 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) | 52.77 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests NXST has a negative trend. |
| Stochastics (14,3) | 61.16 | NEUTRAL | The Stochastics value for NXST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 11.85 | NEGATIVE | The low ADX value for NXST suggests a weak or negative 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 |
|---|---|---|---|
| 191.76 | 177.09 | 14.67 (7.65%) | 13.07% |
| An entry @191.76. This is a Buy Stop order right above the resistance zone. | An exit @177.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 14.67 points, which is 7.65%. | When investing 13.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
184.6
-2.51 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.34%
1 Week-2.64%
2 Weeks-0.14%
1 Month1.84%
3 Month20.92%
6 Month20.48%
12 Month4.37%
2 Year13.39%
3 Year-3.51%
5 Year92.27%
10 Year297.16%
15 Year4822.67%
Volatility
ATR(14)5.09
ATR(20)%2.73%
ATR Inc7.95%
Range Today4.7
ADR(20)4.89
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.85
Mansfield0.4
10 Day High192.36
10 Day Low177.1
20 Day High192.36
20 Day Low176.63
52 Week High192.36
52 Week Low141.66
CS1 End166.53
CR1 Start184.91
Volume & EV
DER(3)0.37%
DER(5)1.74%
Volume189.50K
Volume Incr-11.84%
Vol(5)268.24K
Vol(50)288.79K