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Movies & Entertainment Industry Stocks Technical Analysis - FOXArchive
- 4/19/2024 -
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FOX ENTMT GROUP (FOX) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the FOX ENTMT GROUP (FOX). During the week, the FOX gained 1.21 points, or 4.37%, and closed at 28.87 on Friday, April 19, 2024. Weekly volume was -23% below average.
 Long-term trend: [See FOX long-term trend chart]
A long-term downtrend had started on February 16, 2023 at 34.42 and reached 25.82 on March 6, 2024. FOX lost 8.60 points, or 24.99%, in 54 weeks. The price is now at the 35.47% retracement level.
 Medium-term trend: [See FOX medium-term trend chart]
A medium-term uptrend had started on March 6, 2024 at 25.82 and reached 29.08 on April 4, 2024. FOX gained -3.26 points, or -12.63%, in 4 weeks. The price is now at the 6.44% retracement level.
 Weekly Technical Indicators: [See FOX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 22, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See FOX short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 29.08 and reached 27.63 on April 12, 2024. FOX lost 1.45 points, or 4.99%, in 8 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See FOX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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