NWS.AX breaks below previous session low


News Corp Class B Voting Common Stock-Cdi (NWS.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

NWS.AX breaks below 100-day moving average
NWS.AX fails to close above 50-day moving average
NWS.AX closes lower for the 2nd day in a row
NWS.AX breaks below previous session low

Overview

Moving lower for the 2nd day in a row, NWS.AX finished the week 1.19% higher at 21.26 after losing A$0.09 (-0.42%) today. Closing below Thursday's low at 21.33, the share confirms its breakout through the prior session's low having traded A$0.15 below it intraday.

Daily Candlestick Chart (NWS.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for News Corp Class B Voting Common Stock-Cdi (NWS.AX) as at Jul 13, 2018

Friday's trading range was A$0.21 (0.98%), that's below last trading month's daily average range of A$0.28. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

After spiking up to 21.39 during the day, the market found resistance at the 50-day moving average at 21.39.

News Corp shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The stock broke below the 100-day moving average at 21.27 today for the first time since June 29th.


Market Conditions for NWS.AX as at Jul 13, 2018

Loading Market Conditions for NWS.AX (News Corp Class B Voting Common Stock-Cdi)...
Latest Report:

NWS.AX closes -1.84% lower at 17.6

Dec 14, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when News Corp Class B Voting Common Stock-Cdi traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!