How the (NWS) price action is used to our Advantage
January 21, 2024, 00:28 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NWS
- Buy NWS slightly over 23.8 target 25.56 stop loss @ 23.73 Details
The technical summary data tells us to buy NWS near 23.8 with an upside target of 25.56. This data also tells us to set a stop loss @ 23.73 to protect against excessive loss in case the stock begins to move against the trade. 23.8 is the first level of support below 25.01 , and by rule, any test of support is a buy signal. In this case, support 23.8 is being tested, a buy signal would exist.
- Short NWS slightly under 25.56, target 23.8, stop loss @ 25.63 Details
The technical summary data is suggesting a short of NWS as it gets near 25.56 with a downside target of 23.8. We should have a stop loss in place at 25.63though. 25.56 is the first level of resistance above 25.01, and by rule, any test of resistance is a short signal. In this case, if resistance 25.56 is being tested, a short signal would exist.
Swing Trading Plans for NWS
- Buy NWS slightly over 25.56, target n/a, Stop Loss @ 25.49 Details
If 25.56 begins to break higher, the technical summary data tells us to buy NWS just slightly over 25.56, with an upside target of n/a. The data also tells us to set a stop loss @ 25.49 in case the stock turns against the trade. 25.56 is the first level of resistance above 25.01, and by rule, any break above resistance is a buy signal. In this case, 25.56, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NWS slightly near 25.56, target 24.99, Stop Loss @ 25.63. Details
The technical summary data is suggesting a short of NWS if it tests 25.56 with a downside target of 24.99. We should have a stop loss in place at 25.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.56, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NWS
- Buy NWS slightly over 25.56, target n/a, Stop Loss @ 25.5 Details
If 25.56 begins to break higher, the technical summary data tells us to buy NWS just slightly over 25.56, with an upside target of n/a. The data also tells us to set a stop loss @ 25.5 in case the stock turns against the trade. 25.56 is the first level of resistance above 25.01, and by rule, any break above resistance is a buy signal. In this case, 25.56, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NWS slightly near 25.56, target 24.99, Stop Loss @ 25.62. Details
The technical summary data is suggesting a short of NWS if it tests 25.56 with a downside target of 24.99. We should have a stop loss in place at 25.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.56, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for News Corporation (NWS) available here: NWS.
NWS Ratings for January 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
22.18 |
| P2 |
24.19 |
24.42 |
23.8 |
| P3 |
24.54 |
24.99 |
25.56 |
AI Generated Signals for NWS
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The News Corporation (NYSE: NWS) data table below can help you with price action, and we have more details too. Trading plans for NWS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NWS:
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