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Uptrend ExhaustionArchive
- 1/3/2025 -
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FOX ENTMT GROUP (FOX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the FOX ENTMT GROUP (FOX). During the week, the FOX climbed 0.09 points, or 0.19%, and closed at 46.72 on Friday, January 3, 2025. Weekly volume was -12% below 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 uptrend had started on March 6, 2024 at 25.82 and reached 47.80 on December 18, 2024. FOX gained -21.98 points, or -85.13%, in 41 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (41.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 October 24, 2024 at 38.16 and reached 47.80 on December 18, 2024. FOX gained -9.64 points, or -25.26%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (46.41) 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 FOX weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index 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 December 20, 2024 at 45.51 and reached 47.23 on December 26, 2024. FOX gained -1.72 points, or -3.78%, in 6 days. The price is now at the 29.65% retracement level.
 Daily Technical Indicators: [See FOX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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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