Nwsa a good entry stock

**News Corporation (NWSA) does not present a strong buying opportunity at the moment.** Here's why:

1. **Recent Performance**: The stock has experienced a decline of 1.74% over the past week and 2.33% over the past month. Additionally, it has underperformed the Dow Jones Industrials Average with a 7.6% gain over the last three months.

2. **Technical Indicators**: The stock's technical indicators suggest a bearish trend. The MACD is negative, the KDJ is low at 5.41, and the RSI is at 34.12, indicating that the stock may be oversold. However, it is trading above its 5-Day, 10-Day, and 20-Day moving averages, which could provide some support.

3. **Fibonacci Retracement**: The stock's Fibonacci Retracement over the past year suggests a potential support level at $19.1 (0.382) and a resistance level at $21.28 (0.618). Currently, the stock is trading above these levels, which could indicate a need for a pullback or consolidation.

4. **Market Sentiment**: The sentiment around NWSA has been mixed, with recent earnings beats and strategic initiatives, but also concerns about underperformance and market challenges.
5. **Long-Term Outlook**: While the company has a diversified business model and has been growing its revenue and adjusted profitability, the returns on capital employed (ROCE) have been low and relatively stable, lacking the potential for significant growth.

In conclusion, while there is some potential for support from technical indicators and Fibonacci levels, the negative recent performance and market sentiment, along with the lack of strong fundamental indicators, suggest that NWSA may not be a compelling entry point at the moment. Investors should closely monitor the stock's movement and consider the broader market conditions before making a decision.