The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/15/2026 -
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NEWS CORP LTD (NWS) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance lineTrend support at 29.59
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the NEWS CORP LTD (NWS). During the week, the NWS dropped -1.57 points, or -5.01%, and closed at 29.74 on Friday, May 15, 2026. It was the worst weekly loss since February 6, 2026. Weekly volume was 38% 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 downtrend had started on August 6, 2025 at 35.58 and reached 25.49 on February 13, 2026. NWS lost 10.09 points, or 28.36%, in 27 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (23.18) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.

Medium-term trend: [See NWS medium-term trend chart]
A medium-term uptrend had started on February 13, 2026 at 25.49 and reached 31.92 on May 11, 2026. NWS gained -6.43 points, or -25.23%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (29.59) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See NWS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since April 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 11, 2026 at 31.92 and reached 29.63 on May 15, 2026. NWS lost 2.29 points, or 7.17%, in 4 days. Price is near the trend low.

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

The daily MACD line is below its signal line since May 11, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.12
Williams' Percentage Range (W%R) 72.10
Lane's Stochastic (%D-Slow) 45.21
Greed/Fear Indicator (GFI) 38.73
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.45
Williams' Percentage Range (W%R) 30.80
Lane's Stochastic (%D-Slow) 86.34
Overbought
Greed/Fear Indicator (GFI) 71.58
Moving Average Converg./Diverg. (MACD) -0.60
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 32.97
Parabolic System 31.95
Weekly Stochastic Crossing 31.16
Upper Bollinger Band 30.99
Daily Stochastic Crossing 30.50
20 Day Moving Average 30.36
Price 29.74
Quarterly Trendline Support 29.59
Lower Bollinger Band 29.18
50 Day Moving Average 28.92
Yearly Trendline Resistance 28.36
Sector and Industry
Description Name Rank
Sector Communication Services 9
Industry Publishing 107
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.92
High Date 05/11/2026
Low 29.63
Low Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.92
High Date 05/11/2026
Low 29.63
Low Date 05/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.18
Low Date 05/05/2026
High 31.92
High Date 05/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 32.97
Support 29.59
Low 25.49
Low Date 02/13/2026
High 31.92
High Date 05/11/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 28.36
Support 23.18
High 35.58
High Date 08/06/2025
Low 25.49
Low Date 02/13/2026
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.