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Publishing Industry Stocks Technical Analysis - NWSArchive
- 11/15/2024 -
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NEWS CORP LTD (NWS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the NEWS CORP LTD (NWS). During the week, the NWS dropped -0.53 points, or -1.64%, and closed at 31.69 on Friday, November 15, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was 24% above average.
NWS 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 NWS long-term trend chart]
A long-term uptrend had started on November 9, 2022 at 15.15 and reached 32.75 on November 8, 2024. NWS gained -17.60 points, or -116.17%, in 104 weeks. The price is now at the 6.02% retracement level.
 Medium-term trend: [See NWS medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 26.81 and reached 32.75 on November 8, 2024. NWS gained -5.94 points, or -22.16%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (27.64) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NWS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 weekly MACD line is above its signal line since November 1, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See NWS short-term trend chart]
A short-term downtrend had started on November 8, 2024 at 32.75 and reached 31.42 on November 14, 2024. NWS lost 1.33 points, or 4.06%, in 6 days. The price is now at the 20.30% retracement level.
Daily Technical Indicators: [See NWS 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. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 14, 2024.
A Parabolic SAR (stop and reversal) indicator (31.62) comes close to the price (31.69). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands (21.08%) is close to one year high (16.39%). It is 147.67% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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