The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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FOX ENTMT GROUP (FOX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the FOX ENTMT GROUP (FOX). During the week, the FOX gained 0.57 points, or 2.17%, and closed at 26.89 on Friday, March 15, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was 30% above 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 12.44% retracement level.

Medium-term trend: [See FOX medium-term trend chart]
A medium-term downtrend had started on February 7, 2024 at 30.50 and reached 25.82 on March 6, 2024. FOX lost 4.68 points, or 15.34%, in 4 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FOX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 23, 2024. This is an indication that the medium-term trend is down. 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 March 6, 2024 at 25.82 and reached 27.42 on March 11, 2024. FOX gained -1.60 points, or -6.20%, in 5 days. The price is now at the 33.13% retracement level.

Daily Technical Indicators: [See FOX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.50
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 67.91
Greed/Fear Indicator (GFI) 51.10
Moving Average Converg./Diverg. (MACD) -0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.71
Williams' Percentage Range (W%R) 80.60
Oversold
Lane's Stochastic (%D-Slow) 22.31
Greed/Fear Indicator (GFI) 29.94
Moving Average Converg./Diverg. (MACD) -0.49
Trading Signals
Description Value Chart
Upper Bollinger Band 28.14
50 Day Moving Average 28.00
20 Day Moving Average 26.99
Price 26.89
Daily Stochastic Crossing 26.85
Weekly Stochastic Crossing 26.74
Lower Bollinger Band 26.02
Parabolic System 25.92
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Movies & Entertainment 45
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.42
High Date 03/11/2024
Low 26.56
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.82
Low Date 03/06/2024
High 27.42
High Date 03/11/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.50
High Date 02/07/2024
Low 25.82
Low Date 03/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.42
High Date 02/16/2023
Low 25.82
Low Date 03/06/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.91
High Date 02/10/2022
Low 25.82
Low Date 03/06/2024
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.