NEXSTAR MEDIA GROUP INC. - Daily - Technical analysis published on 11/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 98.38 USD
My targets
103.61 USD (+1.13%)
108.70 USD (+6.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEXSTAR MEDIA GROUP INC. as long as the price remains well above 98.38 USD. The buyers” bullish objective is set at 103.61 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 108.70 USD. If there is any crossing, the next objective would be the resistance located at 113.80 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7
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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
NEXSTAR MEDIA GROUP INC. rating 102.45 USD. The price is lower by -3.60% since the last closing and was traded between 102.08 USD and 106.91 USD over the period. The price is currently at +0.36% from its lowest and -4.17% from its highest.102.08
106.91
102.45
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NEXSTAR MEDIA GROUP INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 91.24 | 94.71 | 98.38 | 102.45 | 103.61 | 108.70 | 113.80 |
| Change (%) | -10.94% | -7.55% | -3.97% | - | +1.13% | +6.10% | +11.08% |
| Change | -11.21 | -7.74 | -4.07 | - | +1.16 | +6.25 | +11.35 |
| Level | Intermediate | Major | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.30 | 104.18 | 105.23 | 107.11 | 108.16 | 110.04 | 111.09 |
| Camarilla | 105.47 | 105.74 | 106.01 | 106.28 | 106.55 | 106.82 | 107.09 |
| Woodie | 101.89 | 103.97 | 104.82 | 106.90 | 107.75 | 109.83 | 110.68 |
| Fibonacci | 104.18 | 105.30 | 105.99 | 107.11 | 108.23 | 108.92 | 110.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.46 | 84.01 | 94.98 | 100.52 | 111.49 | 117.04 | 128.01 |
| Camarilla | 101.41 | 102.92 | 104.44 | 105.95 | 107.46 | 108.98 | 110.49 |
| Woodie | 81.18 | 85.36 | 97.69 | 101.88 | 114.21 | 118.39 | 130.72 |
| Fibonacci | 84.01 | 90.32 | 94.21 | 100.52 | 106.83 | 110.73 | 117.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.30 | 87.81 | 92.55 | 99.06 | 103.80 | 110.31 | 115.05 |
| Camarilla | 94.20 | 95.23 | 96.26 | 97.29 | 98.32 | 99.35 | 100.38 |
| Woodie | 80.42 | 87.37 | 91.67 | 98.62 | 102.92 | 109.87 | 114.17 |
| Fibonacci | 87.81 | 92.11 | 94.76 | 99.06 | 103.36 | 106.01 | 110.31 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.42 | |
| MACD (12,26,9): | 1.1500 | |
| Directional Movement: | -11.79 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 102.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.73 | |
| Elder Ray (13): | 2.25 | |
| Super Trend (3,10): | 95.43 | |
| Zig ZAG (10): | 102.45 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 83.66 | |
| TEMA (21): | 103.81 | |
| Williams %R (14): | -33.64 | |
| Chande Momentum Oscillator (20): | -1.22 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.01 |
| MA7: | 102.99 | |
| MA20: | 101.25 | |
| MA50: | 101.15 | |
| MA100: | 100.72 | |
| MAexp7: | 103.39 | |
| MAexp20: | 101.58 | |
| MAexp50: | 100.75 | |
| MAexp100: | 100.66 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | +1.29% | |
| Price / MA100: | +1.72% | |
| Price / MAexp7: | -0.91% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +1.69% | |
| Price / MAexp100: | +1.78% |
News
The last news published on NEXSTAR MEDIA GROUP INC. at the time of the generation of this analysis was as follows:
- Fox Corporation to Acquire Stations in Seattle and Milwaukee from Nexstar Media Group
- Nexstar Broadcasting Expands Local News in Portland
- Nexstar Media Group to Report 2019 Third Quarter Financial Results, Host Conference Call and Webcast on November 6
- Nexstar Media Group Journeys Along the US-Mexico Border With “Border Tour,” a New Multiplatform News Series Documenting the Region’s Local Stories
- TEGNA Completes Acquisition of 11 Local Television Stations from Nexstar Media Group
This member declared not having a position on this financial instrument or a related financial instrument.
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