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Archive
- 1/17/2025 -
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NEWS CORP LTD (NWS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the NEWS CORP LTD (NWS). During the week, the NWS gained 0.51 points, or 1.71%, and closed at 30.40 on Friday, January 17, 2025. It was the best weekly gain since November 8, 2024. Weekly volume was -24% below 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 September 11, 2024 at 26.81 and reached 32.87 on December 3, 2024. NWS gained -6.06 points, or -22.60%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 27.50 and resistance is at 35.47. 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 NWS medium-term trend chart]
A medium-term downtrend had started on December 3, 2024 at 32.87 and reached 29.70 on January 13, 2025. NWS lost 3.17 points, or 9.64%, in 5 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See NWS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 3, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See NWS short-term trend chart]
A short-term uptrend had started on January 13, 2025 at 29.70 and reached 30.86 on January 15, 2025. NWS gained -1.16 points, or -3.91%, in 2 days. Price is near the Fibonacci 38.2% retracement level.
Daily Technical Indicators: [See NWS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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 (4.08%) is close to one year low (3.75%). It is 51.31% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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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