NEXSTAR MEDIA GROUP INC (NXST) Stock Technical Analysis
NASDAQ:NXST - Nasdaq - US65336K1034 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to NXST. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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 164.00 - 186.41 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, NXST turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
NXST is part of the Media industry. There are 97 other stocks in this industry, NXST did better than 59% of them.
NXST has an excellent technical rating, but the quality of the setup is only medium 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
We found 4 important support areas.
- A support zone ranging from 174.86 to 176.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 149.44 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.
We found 1 important resistance area.
- A resistance zone ranging from 180.63 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 | 59.81 | 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) | 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) | 56.92 | NEUTRAL | The RSI value for NXST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests NXST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.94 | OVERBOUGHT | The high Stochastics value suggests NXST may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for NXST suggests some volalility. |
| Average Directional Index/ADX (14) | 15.29 | 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)
180.02
-4.91 (-2.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-2.66%
1 Week-0.69%
2 Weeks3.89%
1 Month4.43%
3 Month18.44%
6 Month19.67%
12 Month3.42%
2 Year-3.59%
3 Year-4.43%
5 Year105.39%
10 Year213.84%
15 Year3233.7%
Volatility
ATR(14)4.85
ATR(20)%2.61%
ATR Inc-14.55%
Range Today5.24
ADR(20)4.52
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.81
Mansfield0.05
10 Day High186.41
10 Day Low170.32
20 Day High186.41
20 Day Low164
52 Week High191.86
52 Week Low141.66
CS1 End176.24
CR1 Start180.63
Volume & EV
DER(3)-0.09%
DER(5)-1.5%
Volume167.00K
Volume Incr-1.02%
Vol(5)283.54K
Vol(50)382.74K