News Corp Technical Analysis (NASDAQ:NWS)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the News Corp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NWS stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for News Corp. Technical analysis uses an approach for News Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
News Corp Moving Average
Moving averages help predict the price direction of NWS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $16.01 is below the last closing price of $16.15 and the 50 day moving average of $16.14 is below the last closing price of $16.15. The 10 and 20 day periods can predict short term moving average trends.
News Corp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like News Corp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $16.15 is in the upper range of News Corp bollinger bands.
News Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The News Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
News Corp Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of NWS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.