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Archive
- 10/11/2024 -
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21st Century Fox (FOXA) Technical Analysis
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| Summary:
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| | It was the negative week for the 21st Century Fox (FOXA). During the week, the FOXA gave back -0.42 points, or -1.00%, and closed at 41.39 on Friday, October 11, 2024. Weekly volume was -39% below average.
 Long-term trend: [See FOXA long-term trend chart]
A long-term downtrend had started on March 15, 2019 at 52.05 and reached 19.81 on March 23, 2020. FOXA lost 32.24 points, or 61.94%, in 53 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (34.15) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See FOXA medium-term trend chart]
A medium-term uptrend had started on March 6, 2024 at 28.28 and reached 42.63 on September 27, 2024. FOXA gained -14.35 points, or -50.74%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 37.87 and resistance is at 43.94. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FOXA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 15, 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 FOXA short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 42.63 and reached 41.13 on October 7, 2024. FOXA lost 1.50 points, or 3.52%, in 10 days. The price is now at the 17.33% retracement level.
 Daily Technical Indicators: [See FOXA 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.
The price is close to the moving average in the center of the Bollinger Bands. 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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