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Archive
- 4/26/2024 -
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News Corporation (NWSA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the News Corporation (NWSA). During the week, the NWSA climbed 0.20 points, or 0.83%, and closed at 24.22 on Friday, April 26, 2024. Weekly volume was -33% below 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 17.41 and resistance is at 41.08. 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 Broadening Ascending Wedge chart pattern. The trend support level is at 22.89 and resistance is at 30.79. 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 medium-term trend.
 Weekly Technical Indicators: [See NWSA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See NWSA short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 23.94 and reached 24.73 on April 23, 2024. NWSA gained -0.79 points, or -3.30%, in 7 days. The price is now at the 64.56% retracement level.
 Daily Technical Indicators: [See NWSA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 29, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
5 |
| Industry |
Publishing |
29 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
23.94 |
| Low Date |
04/16/2024 |
| High |
24.73 |
| High Date |
04/23/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
28.00 |
| High Date |
02/08/2024 |
| Low |
23.94 |
| Low Date |
04/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
30.79 |
| Support |
22.89 |
| Low |
15.58 |
| Low Date |
03/13/2023 |
| High |
28.00 |
| High Date |
02/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
41.08 |
| Support |
17.41 |
| Low |
14.87 |
| Low Date |
09/29/2022 |
| High |
28.00 |
| High Date |
02/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
27.97 |
| High Date |
05/10/2021 |
| Low |
14.87 |
| Low Date |
09/29/2022 |
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