News (NWS) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for NWS · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$32.72last close · Aug 4, 202652-week range $25.49$35.58 · 8.04% below the high

NWS Rising Wedge Pattern

NWS is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge usually breaks lower, but NWS is breaking higher out of it instead — a notably bullish turn. A breakout projects a measured-move target near $29.53 (+4.8%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; NWS's own rising wedges have hit 44.4%.

DirectionBullishTarget$29.53Projected move+4.8%Breakout level$28.26

New to this pattern? What a rising wedge is and how to trade it →

NWS's Most Recent Rising Wedge Trade

NWS's most recent completed rising wedge (which broke against type) resolved as a win: it broke higher on Mar 31, 2026 near $28.39, then reached its target at $29.82 on May 4, 2026 — a +0.79R move (5.0%) over 23 sessions. Across 41 backtested rising wedges, this setup wins 51.2% of the time.

OutcomeWinResult+0.79REntry$28.39Exit$29.82

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
NWS win rate
44.4%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

NWS Pattern Trade History

Every completed pattern trade our nightly backtest found on NWS's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeMar 31, 2026 @ $28.39May 4, 2026 @ $29.82Win+0.79R
TriangleJan 7, 2026 @ $30.18Feb 3, 2026 @ $28.84Loss-1.50R
Falling WedgeDec 5, 2025 @ $29.38Feb 5, 2026 @ $27.39Loss-1.36R
Falling WedgeNov 26, 2025 @ $29.15Feb 5, 2026 @ $27.39Loss-1.43R
Falling WedgeSep 18, 2025 @ $33.46Oct 7, 2025 @ $30.89Loss-1.35R
TriangleSep 2, 2025 @ $33.53Oct 7, 2025 @ $31.10Win+1.41R
TriangleJun 6, 2025 @ $32.08Jun 23, 2025 @ $33.18Loss-1.12R
Rising WedgeMay 16, 2025 @ $32.81Jun 24, 2025 @ $33.60Loss-1.41R
Falling WedgeJan 8, 2025 @ $30.03Jan 23, 2025 @ $31.33Loss-1.02R
TriangleOct 15, 2024 @ $27.65Nov 18, 2024 @ $31.45Win+5.51R
TriangleApr 1, 2024 @ $26.60May 24, 2024 @ $27.52Loss-1.12R
TriangleMar 14, 2024 @ $27.14May 9, 2024 @ $24.04Win+3.99R

NWS Support and Resistance Levels

Price is being turned away at a ceiling near $33.29 and starting to slide. On the weekly chart, the next floor below sits near $23.99 — about 27% away.

  • Traders commonly watch $23.99 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $33.29 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $28.18, resistance near $33.41. These are chart/swing-derived levels, not formula pivots.

Resistance
$33.41$42.65
Support
$28.18$27.78$27.71$25.41$23.99$23.55

NWS Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$31.54$32.75$31.54$32.72
Aug 3, 2026$31.71$32.23$31.55$31.79
Jul 31, 2026$31.55$31.87$31.01$31.27
Jul 30, 2026$32.23$32.23$31.18$31.80
Jul 29, 2026$31.81$33.04$31.81$32.64
Jul 28, 2026$31.23$32.03$31.15$31.81
Jul 27, 2026$30.52$31.09$30.52$30.92
Jul 24, 2026$29.69$30.27$29.69$30.19
Jul 23, 2026$30.62$30.85$29.60$29.75
Jul 22, 2026$31.65$31.65$30.84$30.95

NWS Frequently Asked Questions

What chart pattern is NWS forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on News (NWS) on the daily chart, with a measured-move target of $29.53.
Is a rising wedge bullish or bearish?
The rising wedge detected on NWS is a bullish pattern, projecting a measured-move target of $29.53. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for NWS?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), NWS's nearest support is around $28.18 and nearest resistance around $33.41.
What is the price target if NWS's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $29.53 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was NWS's closing price on Aug 4, 2026?
News (NWS) last closed at $32.72 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.