NXST Buy IdeaGood P/L ratio. Fairy valued.
Analytic Rating is Best Buy.
There was a buy signal a couple of weeks ago, and now we have a pullback. Good entry point
Not an investment recommendation
NXST trade ideas
NYSE - SwingTrading: Buy Signal NXSTThe stock NXST on our watchlist crossed a low risk enty point and generated a buy signal, we have added the stock to the JS-TechTrading portfolio.
SL is less than 5.3% (SL at 163.3), win target is > 11%.
NXST has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume . Until now, the price / volume action is great.
We have recommended to open an NXST position to our clients in real-time earlier today.
Here is the link to our current JS-TechTrading portfolio:
www.tradingview.com
While the stock market came under pressure yesterday, the majority of stocks in our portfolio held up well and only LI hit the SL.
Today's action of most stocks in our portfolio is very encouraging. In case things should further improve either during today's trading session or tomorrow, we will increase exposure to 30-40% invested.
NXST wants to test $200NXST may soon be ready to test $200 levels. closed near the highs after a small shakeout. nice volume and volatility contraction.
BUY above 191.15.
GOOD LUCK!
$NXST: COVID / Tech Hangover?This one may be a bit risky but valuations are below the historical average and there's is some possibility that the divisions we've been seeing over COVID vaccines leads to a more local-focused population. People getting back to what's real and the issues that actually affect them in order to recalibrate to a sense of normalcy. If there is a tech hangover, I believe you'll find it priced in here first. XLC has been slippery though so we'll see how this plays out.
Communications is Key: ExpandedIf riding one of the communications stocks (I dont much like XLC as an investment, good benchmark tho) like NXST I would just keep riding here, tho I would not be looking for an entry here unless the FED creates an opening for us.
NXST offering a pocket pivot entry* Okay earnings
* Steady up trend
* High RS in the Communication Services sector
* Trading in a tight range for the past ~9 months
* Last couple of days picking up high volume
Notes:
* This is still trading n a range so be careful. It may continue trading in this range.
* Pocket pivots indicate that the institutions are interested in the particular stock and are buying in to build their position.
* Given the price action, if this breaks and closes above 157.45 it'll most likely try and break out of this range.
* Level of support would likely be 147.14 from here.
$NXST: Will Recent Broadcasting Woes Subside?Along with $SBGI, $FOX, $NWSA and $GTN companies have seen broad based weakness in view ship. Will the trend continue and lead these lower? We'll see!
NXST Text Book VCP pattern NXST has been coiling tighter and tighter and is looking ready to breakout, not the biggest dry up of volume on the daily but there is some in the weekly chart
Planned entries are at the two red lines
NXST formed a perfect pennant pattern and is about to break outNASDAQ:NXST is posting impressive earnings and has formed a perfect pennant pattern. Long the break out, anticipated price action and target is shown on the chart, stop daily close below 134$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
$NXST Cup with Handle SetupNextar been basing around its 50 MA forming a cup and handle pattern after a 52% advance. Volume pattern shows strong institution accumulation. Most recent days around earnings saw big amount of volume traded with price not moving much. Wait for signs bulls are winning this battle before jumping onboard.
Nexstar Media Group Cl A (NXST)- OWNS AND OPERATES 198 TV STATIONS AND RELATED LOW POWER AND DIGITAL MULTICAST SIGNALS IN 116 MARKETS
NEXSTAR MEDIA GROUP Prediction DailyHey investors, NEXSTAR MEDIA GROUP is in a fake downtrend with a slowing of executed sell volume and a form of marubozu accompanied by short legs. By zooming in on the TIMEFRAME M1 we see a dash with a low volume of past purchase, it goes on the basis of the bollinger to check it then the highest followed by the VWAP and reach the top of the range. It is very plausible to breakout the price with the return of momentum at the same time ranges it to land in a next one and leave on the high after.
Before a test of a range for breakout by passing (on TIMEFRAME H4) a bearish breakout gap and (TIMEFRAME H1) asserts itself more (on TIMEFRAME D1). No buying force to test half of the ANDREWS PITCHFORK intermediate median.
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$NXST - short term playAlerts are set for $112.75, a true break would be over $112.96 on 20 Jan 2021.
May be the 20th or could wait til the 21st. It could also break down. With equilateral formations the move could go either way.
I like this set up at the 20 EMA, the set up is stronger when the stock is not over extended.
Nexstar Media Group, Inc. (NXST) ascending triangle Nexstar Media Group, Inc. (NXST) ascending triangle 1-3 months
Cup and Handle ABC BullishR noted at 99ish..
I have owned this in the past and it is semi-volatile. Not as much as some stocks but more than others.
Support and resistance levels can be broken or all stocks would be ranging 100% of the time.
Short interest is usually higher than the norm on this one. Perhaps due to R at 99. NV is high. I am waitting for a pull back to get in
Decent dividend with a low payout ratio/good fundamentals noted PE 7.03 EPS $13.08
Not a recommendation
Happy Trading
Golden cross bullish in Nexstar Media Entry level above all time high resistance @ $120 could possibly consolidate for a few days before break.
Target price $130.00 with stop loss set at $117 below breakout level.
Bullish price actions and long term base formed.
Golden cross buy signal.
P/E ratio 20.70
Short interest of 8.24%
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company. It focuses on the acquisition, development and operation of television stations and interactive community websites and digital media services in the U.S. The company provides services free over-the-air programming which includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. Nexstar Media Group was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.
NXST: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$NXST NEXSTAR Broadcasting - Good stock on a nice pullback!Bought the pullback to key support level on second test at the base of a rising wedge.
Looking ready to continue uptrend at this level.
Reacting well so far. Entry: 61.20 Stop: 58.60 Target 68.60
For an upside potential of 12.09% with a 4.25% Risk
RSK/REWARD ratio of 2.85
