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- 5/26/2023 -
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21st Century Fox (FOXA)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second positive week after 3 consecutive negative weeks for the 21st Century Fox (FOXA). During the week, the FOXA climbed 0.06 points, or 0.19%, and closed at 31.40 on Friday, May 26, 2023. Weekly volume was 12% above average.

FOXA 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 FOXA long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 44.95 and reached 28.01 on October 27, 2022. FOXA lost 16.94 points, or 37.69%, in 37 weeks. The price is now at the 20.01% retracement level.

Medium-term trend: [See FOXA medium-term trend chart]
A medium-term downtrend had started on February 17, 2023 at 37.26 and reached 30.22 on May 11, 2023. FOXA lost 7.04 points, or 18.89%, in 11 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 29.55 and resistance is at 33.02. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See FOXA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 21, 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 FOXA short-term trend chart]
A short-term downtrend had started on April 12, 2023 at 34.59 and reached 30.22 on May 11, 2023. FOXA lost 4.37 points, or 12.63%, in 29 days. The price is now at the 27.00% 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 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) 41.39
Williams' Percentage Range (W%R) 71.30
Lane's Stochastic (%D-Slow) 58.28
Greed/Fear Indicator (GFI) 42.79
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.99
Williams' Percentage Range (W%R) 84.30
Oversold
Lane's Stochastic (%D-Slow) 19.71
Oversold
Greed/Fear Indicator (GFI) 25.79
Moving Average Converg./Diverg. (MACD) 0.03
Trading Signals
Description Value Chart
Upper Bollinger Band 33.11
Weekly Trendline Resistance 33.02
50 Day Moving Average 32.69
20 Day Moving Average 31.51
Price 31.40
Daily Stochastic Crossing 31.30
Weekly Stochastic Crossing 31.09
Parabolic System 30.29
Lower Bollinger Band 30.12
Weekly Trendline Support 29.55
Sector and Industry
Description Name Rank
Sector Communication Services 11
Industry Movies & Entertainment 69
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 34.59
High Date 04/12/2023
Low 30.22
Low Date 05/11/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 33.02
Support 29.55
High 37.26
High Date 02/17/2023
Low 30.22
Low Date 05/11/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.01
Low Date 10/27/2022
High 37.26
High Date 02/17/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.95
High Date 02/10/2022
Low 28.01
Low Date 10/27/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.81
Low Date 03/23/2020
High 44.95
High Date 02/10/2022
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.

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