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Movies & Entertainment Industry Stocks Technical Analysis - FOXArchive
- 11/15/2024 -
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FOX ENTMT GROUP (FOX) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the FOX ENTMT GROUP (FOX). During the week, the FOX gained 1.34 points, or 3.23%, and closed at 42.87 on Friday, November 15, 2024. Weekly volume was 7% above average.
FOX is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FOX long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 40.91 and reached 25.82 on March 6, 2024. FOX lost 15.09 points, or 36.89%, in 107 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (25.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FOX may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See FOX medium-term trend chart]
A medium-term uptrend had started on March 6, 2024 at 25.82 and reached 44.42 on November 15, 2024. FOX gained -18.60 points, or -72.04%, in 36 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (39.43) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FOX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly 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 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 uptrend had started on October 24, 2024 at 38.16 and reached 44.42 on November 15, 2024. FOX gained -6.26 points, or -16.40%, in 22 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FOX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since November 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The distance between the Bollinger Bands (18.94%) is close to one year high (15.90%). It is 133.68% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
11 |
| Industry |
Movies & Entertainment |
118 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
38.16 |
| Low Date |
10/24/2024 |
| High |
44.42 |
| High Date |
11/15/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
38.16 |
| Low Date |
10/24/2024 |
| High |
44.42 |
| High Date |
11/15/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
38.16 |
| Low Date |
10/24/2024 |
| High |
44.42 |
| High Date |
11/15/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
41.80 |
| Support |
39.43 |
| Low |
25.82 |
| Low Date |
03/06/2024 |
| High |
44.42 |
| High Date |
11/15/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Resistance |
| Resistance |
23.22 |
| Support |
25.54 |
| High |
40.91 |
| High Date |
02/10/2022 |
| Low |
25.82 |
| Low Date |
03/06/2024 |
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