|
|
Advanced TA SearchArchive
- 4/19/2024 -
Sign In to see current Signals. |
NEWS CORP LTD (NWS) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the NEWS CORP LTD (NWS). During the week, the NWS dropped -0.33 points, or -1.31%, and closed at 24.78 on Friday, April 19, 2024. Weekly volume was -27% below average.
 Long-term trend: [See NWS long-term trend chart]
A long-term uptrend had started on November 9, 2022 at 15.15 and reached 28.92 on February 8, 2024. NWS gained -13.77 points, or -90.89%, in 65 weeks. The price is now at the 30.07% retracement level.
 Medium-term trend: [See NWS medium-term trend chart]
A medium-term downtrend had started on February 8, 2024 at 28.92 and reached 24.67 on April 16, 2024. NWS lost 4.25 points, or 14.70%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (25.75) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See NWS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 March 12, 2024 at 27.66 and reached 24.67 on April 16, 2024. NWS lost 2.99 points, or 10.81%, in 35 days. Price is near the trend low.
 Daily Technical Indicators: [See NWS daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
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 distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
| |
|
|