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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Trend continuation possible for NWS from reduced trading activity
Bill Williams Market Facilitation /
Trend continuation possible for NWS from reduced trading activity

News Corporation Currently is a confirmed Fake Day. MFI indicator is up, volume is down for NWS. Trend continuation possible for NWS from reduced trading activity.

News Corporation: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
News Corporation: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: News Corporation current price has highlighted recent buying pressure. Currently, the Elders Force Index is 3499.0000.

Ulcer Index /
Ulcer index has fallen as the price rises for News Corporation

[BEARISH]: News Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.5380.

Fibonacci Extensions /
News Corporation: 1.618 Fibonacci Extension ($22.6400)

News Corporation has moved above the 161.8% level ($0.8900) [Bearish]. Look for a short limit order entry near this point. Exit price for NWS should be set @$1.2500 & short position stoploss for News Corporation should be set at $0.5300

Average True Range /
[Downtrend]: Average True Range (0.3140) downtrend has been confirmed for NWS

[Bearish]: Average True Range has confirmed an downtrend is present. News Corporation has a TR of 0.1800, and an ATR(14) of 0.3140.

Rate of Change /
News Corporation currently has positive rate of change for 2.2190

[BULLISH]: News Corporation currently has positive rate of change of 2.2000%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

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Elder Ray Index /
Buying pressure for NWS highlights ability of buyers to drive the price upwards

[BULLISH]: News CorporationElder Ray Index is signalling a Bullish movementERI is 0.4110 indicating bull power. Prices are being driven above the consensus of value for NWS during the last trading session [Buying Pressure]

[Neutral]: News Corporation current trading has moved to overbought status
Stochastic Oscillator /
[Neutral]: News Corporation current trading has moved to overbought status

[BEARISH]: News Corporation is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Envelope bands Oversold signal is still current for News Corporation [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for News Corporation [Bullish]

[BULLISH]: News Corporation current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 19.9025.

MACD Volume /
News Corporation: Volume MACD oscillator (-1233.0000)

[BEARISH]: News Corporation currently has negative Volume MACD of -1233.0000. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Percentage Price /
News Corporation currently has negative PPO -0.3000

[BEARISH]: News Corporation currently has negative PPO -0.3000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

White Candle /
NWS Basic Candle: White

[BULLISH]: News Corporation has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

[Long]: Limit orders for News Corporation should be set at $21.2560
Pivot Points /
[Long]: Limit orders for News Corporation should be set at $21.2560

News Corporation current pivot point is: 21.1730. The current resistance levels are: (R1) $21.2560: (R2) $21.3230: (R3) $21.4060: The current support levels are: (S1) $21.1060: (S2) $21.0230: (S3) $20.9560

Daily trading performance for NWS has continued a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for NWS has continued a short term uptrend

NWS: Recent performance signals ->(1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for News Corporation

[BULLISH]: News Corporation currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.6%.

Price Range /
[Bullish]: News Corporation has beaten previous trading range

[BULLISH]: News Corporation current uptrend in the first timeframe. Currently, the Range is $0.1500.

Triangular Moving Average /
NWS: Price continues to move above the TMA(5) @$20.7160

[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 0.6%.

News Corporation has broken the first Woodie resistance point ($21.2660) [Bullish]
Woodie Pivot Point /
News Corporation has broken the first Woodie resistance point ($21.2660) [Bullish]

News Corporation current pivot point (Woodie) is: $21.1780. The current resistance levels are: (R1) $21.2660: (R2) $21.3280The current support levels are: (S1) $21.1160: (S2) $21.0280

News Corporation: Daily volume performance is -60.7 [Downtrend]
Volume /
News Corporation: Daily volume performance is -60.7 [Downtrend]

[BEARISH]: News Corporation current volume downtrend in the first timeframe. Volume for NWS is41758 (-60.7).

NWS: Average Directional Index has confirmed a weak trend @18.2200
Average Directional Movement /
NWS: Average Directional Index has confirmed a weak trend @18.2200

[Weak Trend]: ADX for NWS has confirmed a weak trend is presentNews Corporation has an ATR(14) of 0.3140, a DX of 7.5500 & an ADX(14) of 18.2200

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

[BULLISH]: News Corporation current price has highlighted recent accumulation. Currently, the OBV is 1050906.0000.

Detrended Price Oscillator /
Detrended Price for NWS has signalled bearish price movements are likely

[BEARISH]: News Corporation currently has a confirmed downtrend. Price is currently below the displaced moving average for NWSCurrently, the return on DPO20 is 0.6%.

Open Tod Vs Close Tod /
News Corporation: Buyers have lost commitment.

[BULLISH WEAK]: News Corporation opened in the lower part of daily range at 6.700000000000000% & closed in the middle part of the trading range at 66.700000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 43 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 16.3%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 26.7%.

Aroon Oscillator /
Aroon oscillator for News Corporation has signalled an downtrend is active

NWS: Aroon Oscillator Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Volume for News Corporation continues to lose momentum @-30.2000)
Percentage Volume /
Volume for News Corporation continues to lose momentum @-30.2000)

NWS: PVO Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

The largest daily price range this year for NWS  has been $2.2800
Range Tod Vs Range Yest /
The largest daily price range this year for NWS has been $2.2800

[BULLISH]: News Corporationbuyers are increasingly eager. This is the first day buyers have increased eagerness for NWS adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.9300. & the greatest daily price range this year has been $2.2800. The price range ratio this week versus the quarterly price range is 0.9000000000000000000x & the price range ratio this month versus the year to date price range is 0.4000000000000000000x.

Demarks Pivot Points /
News Corporation has broken the first DeMark resistance point ($21.1900) [Bullish]

News Corporation has broken the first DeMark resistance point ($21.1900) [Bullish]. Look for a long limit order entry near this point. Exit price for NWS should be set @$21.2900 & Stoploss for News Corporation should be set at $21.1400

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