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Downtrend ResistanceArchive
- 5/10/2024 -
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News Corporation (NWSA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a third positive week after 3 consecutive negative weeks for the News Corporation (NWSA). During the week, the NWSA gained 0.56 points, or 2.29%, and closed at 25.03 on Friday, May 10, 2024. It was the best weekly gain since February 9, 2024. Weekly volume was 97% above 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 17.47 and resistance is at 41.71. 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 23.15 and resistance is at 31.30. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
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, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See NWSA short-term trend chart]
A short-term uptrend had started on May 9, 2024 at 22.65 and reached 25.07 on May 10, 2024. NWSA gained -2.42 points, or -10.68%, in 1 days. Price is near the trend high.
 Daily Technical Indicators: [See NWSA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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