The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Support
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 3/15/2024 -
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News Corporation (NWSA) Technical Analysis

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Summary:
Weekly :
Daily :The price touches the lower Bollinger BandThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was the negative week for the News Corporation (NWSA). During the week, the NWSA dropped -0.83 points, or -3.15%, and closed at 25.51 on Friday, March 15, 2024. It was the worst weekly loss since November 10, 2023. Weekly volume was 36% 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 17.22 and resistance is at 39.26. 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 Rising Channel chart pattern. The trend support level is at 23.62 and resistance is at 26.12. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 25.42 on February 13, 2024. NWSA lost 2.58 points, or 9.21%, in 5 days. Price is near the trend low.

Daily Technical Indicators: [See NWSA daily technical indicators chart]
Daily technical indicators are neutral.

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 price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 4.39% on Friday. It is 56.53% lower than one year average. It indicates the period of low volatility of the stock price. 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. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.31
Williams' Percentage Range (W%R) 71.70
Lane's Stochastic (%D-Slow) 38.70
Greed/Fear Indicator (GFI) 34.78
Moving Average Converg./Diverg. (MACD) 0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.25
Williams' Percentage Range (W%R) 25.90
Lane's Stochastic (%D-Slow) 64.60
Greed/Fear Indicator (GFI) 65.32
Moving Average Converg./Diverg. (MACD) 1.37
Trading Signals
Description Value Chart
Parabolic System 27.40
Upper Bollinger Band 26.58
Weekly Stochastic Crossing 26.35
20 Day Moving Average 26.25
Monthly Trendline Resistance 26.12
Daily Stochastic Crossing 26.06
Price 25.51
Lower Bollinger Band 25.47
50 Day Moving Average 25.32
Monthly Trendline Support 23.62
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Publishing 67
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.00
High Date 02/08/2024
Low 25.42
Low Date 02/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.25
Low Date 10/04/2023
High 28.00
High Date 02/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 26.12
Support 23.62
Low 15.58
Low Date 03/13/2023
High 28.00
High Date 02/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 39.26
Support 17.22
Low 14.87
Low Date 09/29/2022
High 28.00
High Date 02/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.97
High Date 05/10/2021
Low 14.87
Low Date 09/29/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.