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Archive
- 4/19/2024 -
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News Corporation (NWSA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the News Corporation (NWSA). During the week, the NWSA dropped -0.34 points, or -1.40%, and closed at 24.02 on Friday, April 19, 2024. Weekly volume was -38% below average.
 Long-term trend: [See NWSA long-term trend chart]
A long-term uptrend had started on September 29, 2022 at 14.87 and reached 28.00 on February 8, 2024. NWSA gained -13.13 points, or -88.30%, in 71 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 17.37 and resistance is at 40.77. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See NWSA medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 15.58 and reached 28.00 on February 8, 2024. NWSA gained -12.42 points, or -79.72%, in 47 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 22.76 and resistance is at 30.53. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See NWSA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See NWSA short-term trend chart]
A short-term downtrend had started on February 8, 2024 at 28.00 and reached 23.94 on April 16, 2024. NWSA lost 4.06 points, or 14.5%, in 68 days. The chart has formed a Descending Triangle chart pattern. The downtrend support line (25.22) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
 Daily Technical Indicators: [See NWSA daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 29, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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