NEXSTAR MEDIA GROUP INC (NXST) Stock Technical Analysis
NASDAQ:NXST • US65336K1034
Overall NXST gets a technical rating of 10 out of 10. 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!
- When comparing the yearly performance of all stocks, we notice that NXST is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, NXST also shows a nice and consistent pattern of rising prices.
- NXST is one of the better performing stocks in the Media industry, it outperforms 92% of 92 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.
- In the last month NXST has a been trading in the 201.35 - 254.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although NXST has an excellent technical rating, it does not present a decent entry opportunity 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
149.05
6 important support areas can be observed.
- A support zone ranging from 206.96 to 212.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @197.21 from a trend line in the weekly time frame.
- Support @191.61 from a trend line in the daily time frame.
- Support @184.53 from a horizontal line in the daily time frame.
- Support @179.09 from a horizontal line in the daily time frame.
- Support @150.56 from a horizontal line 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 | 90.02 | POSITIVE | NXST has a high relative strength, it outperformed 90.02% 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) | 60.47 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.08 | POSITIVE | The MACD value suggests NXST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.75 | NEUTRAL | The Stochastics value for NXST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 26.86 | POSITIVE | The high ADX value value for NXST suggests a strong trend. |
231.18
-4.1 (-1.74%)
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 10 / 10 to NXST.
Can you provide the trend direction for NEXSTAR MEDIA GROUP INC?
The current trend direction for NEXSTAR MEDIA GROUP INC (NXST) is Bullish.
Can you provide the RSI signal for NEXSTAR MEDIA GROUP INC?
NEXSTAR MEDIA GROUP INC (NXST) has an RSI value of 60.4736. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEXSTAR MEDIA GROUP INC?
The short term momentum for NEXSTAR MEDIA GROUP INC (NXST) is positive.
What is the buy/sell signal for NXST stock?
The buy/sell signal for NEXSTAR MEDIA GROUP INC (NXST) is buy as both the short term and long term trends are positive.