NEW YORK TIMES CO-A (NYT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NYT - US6501111073 - Common Stock
We assign a technical rating of 10 out of 10 to NYT. Both in the recent history as in the last year, NYT 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!
- Looking at the yearly performance, NYT did better than 88% of all other stocks.
- NYT is one of the better performing stocks in the Media industry, it outperforms 83% of 92 stocks in the same industry.
- NYT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- NYT has an average volume of 1842090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NYT has a been trading in a tight range between 68.69 and 72.32.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NYT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 71.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 71.01, a Stop Loss order could be placed below this zone.
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50.95
When analyzing the support we can see 3 important areas.
- A support zone ranging from 69.39 to 71.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.15 to 59.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.46 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 71.50 to 71.75. This zone is formed by a combination of multiple trend lines 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 NYT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NYT is up. |
| ChartMill Relative Strength | 88.01 | POSITIVE | NYT has a high relative strength, it outperformed 88.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NYT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NYT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NYT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.79 | NEUTRAL | The RSI value for NYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests NYT has a negative trend. |
| Stochastics (14,3) | 81.64 | OVERBOUGHT | The high Stochastics value suggests NYT may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for NYT suggests low volalility. |
| Average Directional Index/ADX (14) | 39.16 | POSITIVE | The high ADX value value for NYT suggests a strong trend. |
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 |
|---|---|---|---|
| 71.76 | 69.11 | 2.65 (3.69%) | 25.00% |
| An entry @71.76. This is a Buy Stop order right above the resistance zone. | An exit @69.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.65 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
71.49
-0.08 (-0.11%)
NEW YORK TIMES CO-A / NYT FAQ
What is the technical rating for NYT stock?
ChartMill assigns a technical rating of 10 / 10 to NYT.
What is the current trend direction of NEW YORK TIMES CO-A (NYT) stock?
The current trend direction for NEW YORK TIMES CO-A (NYT) is Bullish.
What is the RSI signal for NYT stock?
NEW YORK TIMES CO-A (NYT) has an RSI value of 64.7915. This indicates that the stock is currently neutral.
What is the MACD signal for NYT stock?
The MACD indicator for NEW YORK TIMES CO-A (NYT) has a value of -0.144515, indicating a bearish trend.
What is the support and resistance level for NYT stock?
NEW YORK TIMES CO-A (NYT) has a support level at 71.01 and a resistance level at 71.5. Check the full technical report for our detailed analysis of NYT support and resistance levels.