The Greedy Trader Weekly Analysis
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Daily W%R:> 80
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/5/2024 -
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21st Century Fox (FOXA) Technical Analysis

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Summary:
Weekly :Trend support at 31.06
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the 21st Century Fox (FOXA). During the week, the FOXA gave back -0.25 points, or -0.80%, and closed at 31.02 on Friday, April 5, 2024. Weekly volume was -10% below average.

Long-term trend: [See FOXA long-term trend chart]
A long-term downtrend had started on February 17, 2023 at 37.26 and reached 28.28 on March 6, 2024. FOXA lost 8.98 points, or 24.10%, in 54 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 28.08 and resistance is at 32.80. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See FOXA medium-term trend chart]
A medium-term uptrend had started on March 6, 2024 at 28.28 and reached 31.81 on April 4, 2024. FOXA gained -3.53 points, or -12.48%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (31.06) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See FOXA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 15, 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 FOXA short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 31.81 and reached 30.95 on April 5, 2024. FOXA lost 0.86 points, or 2.70%, in 1 days. The price is now at the 8.14% retracement level.

Daily Technical Indicators: [See FOXA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since March 11, 2024.

A Parabolic SAR (stop and reversal) indicator (30.92) comes close to the price (31.02). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.19
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 73.69
Greed/Fear Indicator (GFI) 74.70
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.66
Williams' Percentage Range (W%R) 37.20
Lane's Stochastic (%D-Slow) 37.05
Greed/Fear Indicator (GFI) 50.55
Moving Average Converg./Diverg. (MACD) -0.45
Trading Signals
Description Value Chart
Monthly Trendline Resistance 32.80
Weekly Trendline Resistance 32.16
Upper Bollinger Band 32.03
Daily Stochastic Crossing 31.27
Weekly Trendline Support 31.06
Price 31.02
Parabolic System 30.92
50 Day Moving Average 30.34
20 Day Moving Average 30.32
Weekly Stochastic Crossing 29.82
Lower Bollinger Band 29.02
Monthly Trendline Support 28.08
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Movies & Entertainment 72
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.81
High Date 04/04/2024
Low 30.95
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 32.16
Support 31.06
Low 28.28
Low Date 03/06/2024
High 31.81
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 32.80
Support 28.08
High 37.26
High Date 02/17/2023
Low 28.28
Low Date 03/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.95
High Date 02/10/2022
Low 28.01
Low Date 10/27/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.05
High Date 03/15/2019
Low 19.81
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.