NEWS CORP. - Daily - Technical analysis published on 12/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 13.99 USD
My targets
13.17 USD (-2.37%)
12.67 USD (-6.08%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NEWS CORP.. As long as you are under the resistance located at 13.99 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 13.17 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 12.67 USD as an objective. Crossing it would then enable sellers to target 12.39 USD. If the resistance 13.99 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEWS CORP. rating is 13.49 USD. The price has increased by +0.07% since the last closing with the lowest point at 13.42 USD and the highest point at 13.63 USD. The deviation from the price is +0.52% for the low point and -1.03% for the high point.13.42
13.63
13.49
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this NEWS CORP. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.39 | 12.67 | 13.17 | 13.49 | 13.53 | 13.99 | 14.33 |
| Change (%) | -8.15% | -6.08% | -2.37% | - | +0.30% | +3.71% | +6.23% |
| Change | -1.10 | -0.82 | -0.32 | - | +0.04 | +0.50 | +0.84 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.08 | 13.18 | 13.33 | 13.44 | 13.59 | 13.69 | 13.84 |
| Camarilla | 13.41 | 13.43 | 13.46 | 13.48 | 13.50 | 13.53 | 13.55 |
| Woodie | 13.10 | 13.19 | 13.35 | 13.45 | 13.61 | 13.70 | 13.86 |
| Fibonacci | 13.18 | 13.28 | 13.34 | 13.44 | 13.53 | 13.59 | 13.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.30 | 12.56 | 13.02 | 13.28 | 13.74 | 14.00 | 14.46 |
| Camarilla | 13.28 | 13.35 | 13.41 | 13.48 | 13.55 | 13.61 | 13.68 |
| Woodie | 12.40 | 12.61 | 13.12 | 13.33 | 13.84 | 14.05 | 14.56 |
| Fibonacci | 12.56 | 12.84 | 13.01 | 13.28 | 13.56 | 13.73 | 14.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.10 | 11.98 | 12.58 | 13.46 | 14.06 | 14.94 | 15.54 |
| Camarilla | 12.76 | 12.90 | 13.03 | 13.17 | 13.31 | 13.44 | 13.58 |
| Woodie | 10.95 | 11.91 | 12.43 | 13.39 | 13.91 | 14.87 | 15.39 |
| Fibonacci | 11.98 | 12.55 | 12.90 | 13.46 | 14.03 | 14.38 | 14.94 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.32 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | 0.08 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 13.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.83 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 13.74 | |
| Zig ZAG (10): | 13.49 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 78.71 | |
| TEMA (21): | 13.19 | |
| Williams %R (14): | -17.28 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 1.6900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 0.08 |
| MA7: | 13.22 | |
| MA20: | 13.22 | |
| MA50: | 13.66 | |
| MA100: | 13.87 | |
| MAexp7: | 13.30 | |
| MAexp20: | 13.34 | |
| MAexp50: | 13.58 | |
| MAexp100: | 13.62 | |
| Price / MA7: | +2.04% | |
| Price / MA20: | +2.04% | |
| Price / MA50: | -1.24% | |
| Price / MA100: | -2.74% | |
| Price / MAexp7: | +1.43% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -0.95% |
This member declared not having a position on this financial instrument or a related financial instrument.
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