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Archive
- 1/10/2025 -
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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 -0.57 points, or -2.07%, and closed at 26.98 on Friday, January 10, 2025. Weekly volume was -6% below average.
NWSA is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NWSA long-term trend chart]
A long-term uptrend had started on September 29, 2022 at 14.87 and reached 30.03 on November 8, 2024. NWSA gained -15.16 points, or -101.95%, in 110 weeks. The price is now at the 20.12% retracement level.
 Medium-term trend: [See NWSA medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 25.14 and reached 30.03 on November 8, 2024. NWSA gained -4.89 points, or -19.45%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 26.13 and resistance is at 31.28. 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 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 December 27, 2024. The distance between MACD and the signal line is low, but 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 November 8, 2024 at 30.03 and reached 26.98 on January 10, 2025. NWSA lost 3.05 points, or 10.16%, in 63 days. Price is near the trend low.
 Daily Technical Indicators: [See NWSA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since November 26, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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