Technical analysis from News Corporation (NWS.AX.AX, ASX:NWS.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

News Corporation
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NWS: Long term trend is still an Uptrend
Long Trend /
NWS: Long term trend is still an Uptrend

[BULLISH]: News Corporation has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 8 2018.

News Corporation has initiated a negative volume rate of change of -61
Volume Rate of Change /
News Corporation has initiated a negative volume rate of change of -61

[BEARISH CROSSOVER]: News Corporation currently has negative rate of change of -61%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.

Average Directional Movement /
[Weak Trend]: Average Directional Index (17.51) weak trend has been confirmed for NWS

[Weak Trend]: ADX for NWS has confirmed a weak trend is presentNews Corporation has an ATR(14) of 0.469, a DX of 14.95 & an ADX(14) of 17.51

Triangular Moving Average /
The TMA trend following signal is still current for News Corporation [Bullish]

[BULLISH]: News Corporation currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.7%.

Rate of Change /
Rate of change(14) is decreasing for News Corporation

NWS: ROC Recent Trading -> (1) 20 Feb: -1.787 (2) 19 Feb: -0.895 (3) 16 Feb: -3.963

Demarks Pivot Points /
News Corporation has moved above the R1 DeMark pivot point ($21.0825) [Bullish]

News Corporation has broken the first DeMark resistance point ($21.0825) [Bullish]. Look for a long limit order entry near this point. Exit price for NWS should be set @$21.905 & Stoploss for News Corporation should be set at $20.575

Bearish conditions for NWS are likely to continue based on EFI (-5738)
Elders Force Index /
Bearish conditions for NWS are likely to continue based on EFI (-5738)

[BEARISH]: News Corporation current price has highlighted recent selling pressure. Currently, the Elders Force Index is -5738.

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Closing Price /
[Bearish]: News Corporation has failed to beat previous close by -0.7 %

NWS: CLOSE Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BULLISH (3) 16 Feb: BEARISH

News Corporation: Price Percentage Oscillator (-0.900)
Percentage Price /
News Corporation: Price Percentage Oscillator (-0.900)

[BEARISH]: News Corporation currently has negative PPO -0.900%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[Long]: Entry price for NWS should be set @$21.554
Woodie Pivot Point /
[Long]: Entry price for NWS should be set @$21.554

News Corporation has broken the first Woodie resistance point ($21.554) [Bullish]. Look for a long limit order entry near this point. Exit price for NWS should be set @$22.237 & Stoploss for News Corporation should be set at $19.577

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with News Corporation

[BEARISH]: News Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.865.

Opening Price /
News Corporation: Daily opening price is $20.71

[BEARISH]: News Corporation opening price has gapped down. Currently, the OPEN is $20.71 (-0.9 %).

Accumulation / Distribution /
Accumulation still active for News Corporation

[BULLISH]: News Corporation current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Daily trading has confirmed an ATR uptrend (0.469) for News Corporation
Average True Range /
Daily trading has confirmed an ATR uptrend (0.469) for News Corporation

[Bullish]: Average True Range has confirmed an uptrend is present. News Corporation has a TR of 1.33, and an ATR(14) of 0.469.

Recent trading was only supported by low volume for News Corporation
Ease of Movement /
Recent trading was only supported by low volume for News Corporation

NWS: EOM Recent Trading -> (1) 20 Feb: -31.625 (2) 19 Feb: -4.63 (3) 16 Feb: 59.428

Sine Weighted Moving Average /
[Downtrend]: Recent trading for NWS confirms bearish SWMA(5) signal

[BEARISH]: News Corporation currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.7%.

Fibonacci Extensions /
News Corporation has broken above the 161.8% extension level ($6.75) [Bearish]

News Corporation has moved above the 161.8% level ($6.75) [Bearish]. Look for a short limit order entry near this point. Exit price for NWS should be set @$6.02 & short position stoploss for News Corporation should be set at $7.48

Percentage Volume /
Volume for News Corporation is now losing momentum @-3.5)

[BEARISH CROSSOVER]: News Corporation currently has negative PVO -3.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

[Bearish]: A lower low has been achieved for News Corporation
Coles Reaction Day /
[Bearish]: A lower low has been achieved for News Corporation

News Corporation: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for NWS

News Corporation: Closing price $20.89 is below the WMA(5) @$20.947
Weighted Moving Average /
News Corporation: Closing price $20.89 is below the WMA(5) @$20.947

[BEARISH]: News Corporation currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.7%.

Closing price for NWS ($20.89) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for NWS ($20.89) signals sellers are now keener than buyers

[BEARISH]: News Corporationsellers are keener than buyers and are driving the price down. This is the first day of price decline for NWS adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.8 & the greatest daily negative change this year has been -4.8. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -5.4%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -2.2%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -1.5%

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for News Corporation indicating downward price movement is likely

[BEARISH]: News Corporation currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.7%.

Chaikin Money Flow /
Chaikin Oscillator is showing buying pressure for NWS

[BULLISH]: News Corporation current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.11. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.42

Momentum /
News Corporation: Momentum(5)

[BULLISH]: News Corporation currently has positive momentum of 0.09. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7%. The largest upward momentum rally for the last 3 months is 6 days producing a return of 1.3%%.

MACD Volume /
Negative momentum on the Volume MACD histogram for NWS is maintained & supports a bearish move is likely

NWS: Volume MACD Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 16 Feb: BEARISH CROSSOVER

[Long]: Limit orders for News Corporation should be set at $21.566
Pivot Points /
[Long]: Limit orders for News Corporation should be set at $21.566

News Corporation has broken the first resistance point ($21.566) [Bullish]. Look for a long limit order entry near this point. Exit price for NWS should be set @$22.243 & Stoploss for News Corporation should be set between $19.583 & $18.906

Positive momentum on the MACD histogram for NWS is maintained & supports a bullish move is likely
MACD /
Positive momentum on the MACD histogram for NWS is maintained & supports a bullish move is likely

[BULLISH]: News Corporation currently has positive MACD of 0.058000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.2%.

On Balance Volume /
News Corporation: Current trading activity signals OBV accumulation is present

NWS: OBV Current Signal ->(1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH CROSSOVER

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