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

News Corporation
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News Corporation: Daily opening performance is 1.1 % [Uptrend]
Opening Price /
News Corporation: Daily opening performance is 1.1 % [Uptrend]

[BULLISH]: News Corporation opening price has gapped up. Currently, the OPEN is $22.4 (1.1 %).

News Corporation (NWS): Dark Cloud Cover short-term pattern has been confirmed
Dark Cloud Cover /
News Corporation (NWS): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: News Corporation has formed a new bearish Dark Cloud Cover reversal pattern. This means, NWS has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Coles Reaction Day /
NWS: Short term trend has confirmed a rally day

News Corporation: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for NWS

High Price /
Strong price performance from NWS has seen a higher high of 0.7 % [Uptrend]

[BULLISH]: News Corporation current uptrend in the first timeframe. Currently, the HIGH is 0.7 %.

Percentage Price /
News Corporation: Price Percentage Oscillator

NWS: PPO Recent Trading -> (1) 12 Dec: 3.914 (2) 11 Dec: 3.971 (3) 08 Dec: 3.964

Short Trend /
News Corporation: Uptrend for the daily trend is continued

[BULLISH]: News Corporation is in an uptrend in the short term timeframe. The current rally number is 4 & the highest rally count for the LTM is 4

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Stochastic Oscillator /
Stochastic Oscillator (86.7) for NWS is now below the overbought limit

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

News Corporation: Range Performance (19)
Range Tod Vs Range Yest /
News Corporation: Range Performance (19)

[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 $0.97. & the greatest daily price range this year has been $6.85. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.1x.

[Bullish]: Elders Force Index (30911) confirms buying pressure remains
Elders Force Index /
[Bullish]: Elders Force Index (30911) confirms buying pressure remains

[BULLISH]: News Corporation current price has highlighted recent buying pressure. Currently, the Elders Force Index is 30911.

Low Price /
News Corporation: Daily low performance is 0.5 % [Uptrend]

[BEARISH]: News Corporation current uptrend in the first timeframe. Currently, the Low is $22.26 (0.5 %).

Volume Rate of Change /
News Corporation: Rate of Change (568)

[BULLISH CROSSOVER]: News Corporation currently has positive volume of change of 568%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.2%.

MACD Volume /
The volume MACD continues to rise above the signal line for NWS [Bullish]

[BULLISH]: News Corporation currently has positive Volume MACD of 60673. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Uptrend]: Recent trading for NWS indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Uptrend]: Recent trading for NWS indicates ST trend is likely to continue

NWS: SWMA Recent Trading -> (1) 12 Dec: 22.105 (2) 11 Dec: 21.997 (3) 08 Dec: 21.889

News Corporation: Closing price $22.29 is above the EMA(5) @$22.1165
Exponential Moving Average /
News Corporation: Closing price $22.29 is above the EMA(5) @$22.1165

[BULLISH]: News Corporation currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.2%.

Momentum /
News Corporation currently has positive momentum of 0.41

[BULLISH]: News Corporation currently has positive momentum of 0.41. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.2%. The largest upward momentum rally for the last 3 months is 9 days producing a return of 6.3%%.

Commodity Channel Index /
The CCI indicator for News Corporation is still above the overbought limit

[BEARISH]: News Corporation current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 129. NWS received a confirmed CCI crossover on the Dec 5 2017.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 223.

Rate of Change /
Positive ROC: Price is trading higher for News Corporation than 14 days ago

[BULLISH]: News Corporation currently has positive rate of change of 5.5%. 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

Ulcer index has reduced in stress level & low drawdown is expected for News Corporation
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for News Corporation

[BEARISH]: News Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.698.

News Corporation: Elder Ray Index is 0.804 [Bullish]
Elder Ray Index /
News Corporation: Elder Ray Index is 0.804 [Bullish]

[BULLISH]: News CorporationElder Ray Index is signalling a Bullish movementERI is 0.804 indicating bull power. Prices are being driven above the consensus of value for NWS during the last trading session [Buying Pressure]

Sellers of News Corporation were in control at the market close.
Close Tod Vs Range Tod /
Sellers of News Corporation were in control at the market close.

[BEARISH]: News Corporation sellers in control. This is the first day of seller commitment for News Corporation adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 250 trading days with the closing price in the lower part of the range giving a confirmation ratio of 95.1%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 36 days in the lower price range compared to 37 days in the upper range giving a ratio of 1x.

MACD /
MACD for News Corporation continues to lose momentum @-0.012000

[BEARISH]: News Corporation currently has negative MACD of -0.012000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 1.9%.

Black Candle /
NWS Basic Candle: Black

[BEARISH]: News Corporation has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

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 2.01015e+006.

Average True Range /
News Corporation: ATR (0.286) has signalled an downtrend is current

[Bearish]: Average True Range has confirmed an downtrend is present. News Corporation has a TR of 0.25, and an ATR(14) of 0.286.

Bullish trading conditions for News Corporation has been signalled from the DPO (2.5965)
Detrended Price Oscillator /
Bullish trading conditions for News Corporation has been signalled from the DPO (2.5965)

[BULLISH]: News Corporation currently has a confirmed uptrend. Price is currently above the displaced moving average for NWSCurrently, the return on DPO20 is -0.2%.

Price continues to trade above the Simple Moving Average(5) for NWS
Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for NWS

[BEARISH]: News Corporation currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.2%.

Chaikin Money Flow /
Positive divergence for News Corporation @ 0.17

[BULLISH]: News Corporation current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.17. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.4

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