RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NXST
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Nexstar Broadcasting Group stock price up 0.233% on Thursday
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.23% PDF

The Nexstar Broadcasting Group stock price gained 0.233% on the last trading day (Thursday, 28th Mar 2024), rising from $171.89 to $172.29. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.13% from a day low at $171.40 to a day high of $173.34. The price has risen in 7 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -52 thousand shares and in total, 157 thousand shares were bought and sold for approximately $27.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.21% during the next 3 months and, with a 90% probability hold a price between $151.48 and $173.86 at the end of this 3-month period.

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NXST Signals & Forecast

The Nexstar Broadcasting Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $168.45 and $165.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 10.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Nexstar Broadcasting Group stock

Nexstar Broadcasting Group finds support from accumulated volume at $163.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.94 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $163.98 (-4.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (NXST) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nexstar Broadcasting Group to open at $172.34, and during the day (based on 14 day Average True Range), to move between $167.73 and $176.85, which gives a possible trading interval of +/-$4.56 (+/-2.65%) up or down from last closing price. If Nexstar Broadcasting Group takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $173.77 (0.86%) than the support at $163.69 (4.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nexstar Broadcasting Group stock A Buy?

Nexstar Broadcasting Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.520 Hold/Accumulate Unchanged

Predicted Opening Price for Nexstar Broadcasting Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$172.34 ( 0.0300%) $172.29

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NXST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 174.29 1.16 %
R2 173.54 0.728 %
R1 173.08 0.461 %
Current price: 172.29
Support S1 171.60 -0.401 %
S2 171.14 -0.668 %
S3 170.40 -1.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 176.73 2.58 %
R2 173.87 0.92 %
R1 173.77 0.86 %
Current price 172.29
Support S1 163.69 -4.99%
S2 163.46 -5.13%
S3 159.31 -7.53%

NXST Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 26, 2024 Feb 08, 2024 Feb 23, 2024 $1.69 1.03%
2 Oct 27, 2023 Nov 09, 2023 Nov 27, 2023 $1.35 0.92%
3 Jul 26, 2023 Aug 09, 2023 Aug 24, 2023 $1.35 0.85%
4 Apr 27, 2023 May 11, 2023 May 26, 2023 $1.35 0.89%
5 Jan 27, 2023 Feb 09, 2023 Feb 24, 2023 $1.35 0.705%

FAQ

What is the symbol for Nexstar Broadcasting Group Stock and on which exchange is it traded?
The symbol for Nexstar Broadcasting Group is NXST and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Nexstar Broadcasting Group Stock?
Nexstar Broadcasting Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Nexstar Broadcasting Group Stock?
Nexstar Broadcasting Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nexstar Broadcasting Group Stock.

What's the current price of Nexstar Broadcasting Group Stock?
As of the end of day on the 2024-03-28, the price of an Nexstar Broadcasting Group (NXST) share was $172.29.

What is the 52-week high and low for Nexstar Broadcasting Group Stock?
The 52-week high for Nexstar Broadcasting Group Stock is $187.32 and the 52-week low is $132.30.

What is the market capitalization of Nexstar Broadcasting Group Stock?
As of the 2024-03-28, the market capitalization of Nexstar Broadcasting Group is 5.641B.

When is the next earnings date for Nexstar Broadcasting Group?
The upcoming earnings date for Nexstar Broadcasting Group is May 14, 2024.
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About Nexstar Broadcasting Group

Nexstar Broadcasting Group Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television... NXST Profile

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