SIACharts Logo

Commentary >

Neilsen Holdings PLC - (NLSN) - December 23, 2020 

Nielsen Holdings PLC (NLSN) has just moved into the Favored zone with a ranking of 125th in the SIA S&P 500 Report. Nielsen Holdings operates as a measurement and data analytics company worldwide. It operates in two segments, Connect and Media. NLSN last was in the Favored zone of this report back in 2016, but has never reached the top decile of the report or stayed a significant time in the Favored zone Nielsen Holdings has had a nice move upwards over the last month rising over 25% and around 43.5% over the 3 months, but still isn’t positive for 2020 YTD yet which is underperforming the SPX.I by about 15%.

Next potential resistance on trend appears around $22. Support is found around $17.5. NLSN is above both the 50-day and the

200-day simple moving average and had the 50-day cross above the 200-day on November 30th.

Nielsen Holdings PLC (NLSN) has formed a Spread Double Top chart pattern after it broke out above $17.64 and has continued in an upwards move in a column of X’s breaking through the downwards trend line recently. It could stall around $20 temporarily and then move upwards towards resistance found at $21.50 above. Further Resistance can be found at $23.27. To the downside, support can be found at $18.35 for a 3-box reversal and below this at $17.29 from where it broke out earlier this month. Based on its history, a move above $20 could find this company seeing some consolidation seeing how all of 2019 was spent in the range of around $20-$25.

With a bullish SMAX score of 8, NLSN is exhibiting near-term strength across the asset classes.

Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.

Related Posts

Keep up to date on the latest financial market news.

Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.