On Monday, News Corporation (NWS) made the way into the market positive movers list with rising 4.84%. NWS reported a change of -2.11% over the last week and performed 2.20% over the last month while its year to date (YTD) performance revealed an activity trend of -2.11%. The stock price closed last trading at $16.25. News Corporation (NWS) negotiated 1.63 million shares and maintained an average volume of 0.48 million shares.
Technical Look at News Corporation (NWS): (Is this is BUY or SELL time?)
Moving average technique is used to smooth the data and identify the underlying price trend. Simple BUY signals occur when prices close above the moving average; SELL signals occur when prices fall below the moving average. News Corporation (NWS)’s stock price closed above with 4.65% gap from 200 day simple moving average and its downbeat distance from 50 day simple moving average is -0.27%, while finished with -0.13% bearish trend from 20 day simple moving average. Moving averages are among the easiest-to-use tools available to market technicians. A simple moving average is calculated by adding the closing prices of a stock over a specified number of time periods, usually days or weeks.
NWS holds Low or High volatility?
News Corporation (NWS) has ATR reading of 0.40. A stock’s Average True Range (ATR) is the difference between the high and low price on any given day. It reveals information about how volatile a stock is. Large ranges indicate high volatility and small ranges indicate low volatility. The range is measured the same way for options and commodities – high minus low – as they are for stocks.
By seeing it past volatility it showed that volatility for the week is 3.46% while volatility for the month is 2.08%.