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Advanced TA SearchArchive
- 9/22/2023 -
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FOX ENTMT GROUP (FOX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the FOX ENTMT GROUP (FOX). During the week, the FOX dropped -0.45 points, or -1.54%, and closed at 28.85 on Friday, September 22, 2023. Weekly volume was 13% 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 uptrend had started on May 11, 2023 at 27.79 and reached 33.24 on August 9, 2023. FOX gained -5.45 points, or -19.61%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (32.17) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See FOX medium-term trend chart]
A medium-term downtrend had started on August 9, 2023 at 33.24 and reached 28.40 on September 7, 2023. FOX lost 4.84 points, or 14.56%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 28.51 and resistance is at 29.26. 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 medium-term trend.
 Weekly Technical Indicators: [See FOX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since August 25, 2023. 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 downtrend had started on September 15, 2023 at 29.98 and reached 28.68 on September 21, 2023. FOX lost 1.30 points, or 4.34%, in 6 days. The price is now at the 13.08% 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 above its signal line. Such crossover is considered a bullish 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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