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Downtrend Broken Resist.Archive
- 5/2/2025 -
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FOX ENTMT GROUP (FOX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the FOX ENTMT GROUP (FOX). During the week, the FOX climbed 0.38 points, or 0.83%, and closed at 46.17 on Friday, May 2, 2025. Weekly volume was 14% above average.
FOX is a member of Communication Services Sector. Communication Services is the second 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 uptrend had started on March 6, 2024 at 25.82 and reached 55.00 on March 3, 2025. FOX gained -29.18 points, or -113.01%, in 51 weeks. The price is now at the 30.26% retracement level.
 Medium-term trend: [See FOX medium-term trend chart]
A medium-term downtrend had started on March 3, 2025 at 55.00 and reached 43.18 on April 7, 2025. FOX lost 11.82 points, or 21.49%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.10 and resistance is at 51.27. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FOX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 14, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 24, 2025 at 44.56 and reached 47.04 on May 2, 2025. FOX gained -2.48 points, or -5.57%, in 8 days. The price is now at the 35.08% retracement level.
Daily Technical Indicators: [See FOX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 24, 2025. This is an indication that the short-term trend is up.
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.
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