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

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

[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 0.7%.

[Bullish]: Elder Ray Index is 0.549 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.549 indicating bull power

NWS: Elder Ray Index Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Closing Price /
Recent trading for News Corporation has surpassed the previous close by 0.7 %

[BULLISH]: News Corporation current uptrend in the first timeframe. Currently, the Close is $21.97.

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

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

Chaikin Money Flow /
CMF has negative divergence between price and volume

NWS: Chaikin Oscillator Recent Trading -> (1) 21 Jun: -0.19 (2) 20 Jun: -0.21 (3) 19 Jun: -0.19

Momentum /
The largest upward momentum rally for NWS in the last 3 months is 10

[BULLISH]: News Corporation currently has positive momentum of 0.62. 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 10 days producing a return of 4.5%.

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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%.

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

[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 0.7%.

The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 8.2%
Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 8.2%

[BULLISH]: News Corporationbuyers are keener than sellers and are driving the price up. There has been 5 consecutive days of price rise for NWS adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.6 & the greatest daily positive change this year has been 3.5. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 8.2%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 5.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.5x. Over the last month the average daily upward movement has been 0.900000%

Volume Rate of Change /
Volume rate of change(14) is now increasing for News Corporation

[BULLISH CROSSOVER]: News Corporation currently has positive volume of change of 307%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.7%.

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

NWS: SMA(5) Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Fibonacci Extensions /
Stoploss for News Corporation should be set at $1.62

News Corporation has moved above the 161.8% level ($1.43) [Bearish]. Look for a short limit order entry near this point. Exit price for NWS should be set @$1.23 & short position stoploss for News Corporation should be set at $1.62

Price spike caused by low volume trading for News Corporation during last trading session
Ease of Movement /
Price spike caused by low volume trading for News Corporation during last trading session

NWS: EOM Current Signal -> (1) 21 Jun: BULLISH EASY (2) 20 Jun: BULLISH HARD (3) 19 Jun: BULLISH EASY

Daily bar has confirmed has confirmed an ADX a weak trend is intact for NWS
Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a weak trend is intact for NWS

[Weak Trend]: ADX for NWS has confirmed a weak trend is present. News Corporation has an ATR(14) of 0.37, a DX of 20.15 & an ADX(14) of 11.78

MACD /
News Corporation: MACD @0.1434 [Bullish]

[BULLISH]: News Corporation currently has positive MACD of 0.1434. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 2.4%.

Short Trend /
NWS: Short term trend is still an Uptrend

[BULLISH]: News Corporation is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Open Tod Vs Close Tod /
News Corporation opened in the upper part of daily range at 72.2% & closed in the middle part of the trading range at 50%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: News Corporation opened in the upper part of daily range at 72.2% & closed in the middle part of the trading range at 50%. This suggests the sellers have lost commitment. Over the last 12 months there has been 18 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 6.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 14.3%.

News Corporation: Current trading activity signals DVI distribution is present
Daily Volume Index /
News Corporation: Current trading activity signals DVI distribution is present

[BEARISH]: News Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1149.

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 41893.

Relative Strength Overbought signal is still current for News Corporation [Bearish]
Relative Strength Index /
Relative Strength Overbought signal is still current for News Corporation [Bearish]

[BEARISH]: News Corporation is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @74

Williams %R /
William %R Overbought signal is still current for News Corporation [Bearish]

[BULLISH]: News Corporation is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Medium Trend /
NWS: Medium term trend is still an Uptrend

[BULLISH]: News Corporation is in an uptrend in the medium term timeframe. The current rally number is 8 & the highest rally count for the LTM is 73. The highest rally for the month is 14

Percentage Volume /
Percentage volume oscillator remains positive for NWS

[BULLISH]: News Corporation currently has positive PVO 15.66%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 2.1%.

High Price /
[Bullish]: News Corporation has beaten previous high by 0.7 %

NWS: HIGH Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

NWS: Average True Range has confirmed an downtrend @0.37
Average True Range /
NWS: Average True Range has confirmed an downtrend @0.37

[Bearish]: Average True Range has confirmed an downtrend is present. News Corporation has a TR of 0.24, and an ATR(14) of 0.37.

News Corporation: Daily opening performance is 0.5 % [Uptrend]
Opening Price /
News Corporation: Daily opening performance is 0.5 % [Uptrend]

[BULLISH]: News Corporation opening price has gapped up. Currently, the OPEN is $22.01 (0.5 %).

Pivot Points /
News Corporation has broken the first resistance point ($22.06) [Bullish]

News Corporation has broken the first resistance point ($22.06) [Bullish]. Look for a long limit order entry near this point. Exit price for NWS should be set @$22.15 & Stoploss for News Corporation should be set between $21.79 & $21.7

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