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Publishing Industry Stocks Technical Analysis - NWSArchive
- 4/26/2024 -
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NEWS CORP LTD (NWS) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the NEWS CORP LTD (NWS). During the week, the NWS climbed 0.18 points, or 0.73%, and closed at 24.96 on Friday, April 26, 2024. Weekly volume was -38% below average.
 Long-term trend: [See NWS long-term trend chart]
A long-term uptrend had started on November 9, 2022 at 15.15 and reached 28.92 on February 8, 2024. NWS gained -13.77 points, or -90.89%, in 65 weeks. The price is now at the 28.76% retracement level.
 Medium-term trend: [See NWS medium-term trend chart]
A medium-term downtrend had started on February 8, 2024 at 28.92 and reached 24.67 on April 16, 2024. NWS lost 4.25 points, or 14.70%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 24.20 and resistance is at 25.70. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See NWS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See NWS short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 24.67 and reached 25.54 on April 24, 2024. NWS gained -0.87 points, or -3.53%, in 8 days. The price is now at the 66.67% retracement level.
 Daily Technical Indicators: [See NWS daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 29, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
5 |
| Industry |
Publishing |
29 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
24.67 |
| Low Date |
04/16/2024 |
| High |
25.54 |
| High Date |
04/24/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
25.70 |
| Support |
24.20 |
| High |
28.92 |
| High Date |
02/08/2024 |
| Low |
24.67 |
| Low Date |
04/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
15.73 |
| Low Date |
03/13/2023 |
| High |
28.92 |
| High Date |
02/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
15.15 |
| Low Date |
11/09/2022 |
| High |
28.92 |
| High Date |
02/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
25.56 |
| High Date |
06/11/2021 |
| Low |
15.15 |
| Low Date |
11/09/2022 |
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