News Corporation is a diversified media and information services company with several key segments. Digital Real Estate Services offers property-related advertising and services, including real estate listings and lead generation. Subscription Video Services provides sports, entertainment, and news to pay-TV and streaming subscribers. Dow Jones delivers global news and business information through various media channels. Book Publishing, led by HarperCollins, operates in 15 countries. The News Media segment includes News Corp Australia, News UK, and the New York Post, featuring publications like The Australian and The Daily Telegraph.
When researching a stock like News Corp, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from NWS Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for NWS stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting NWS RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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Video: RSI Indicator