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- 7/5/2024 -
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21st Century Fox (FOXA) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is strongly overbought
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It was a first positive week for the 21st Century Fox (FOXA). During the week, the FOXA climbed 0.17 points, or 0.49%, and closed at 34.54 on Friday, July 5, 2024. Weekly volume was -31% below 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 chart has formed a Descending Triangle chart pattern. The downtrend resistance line (28.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FOXA may retest the broken resistance line. It is considered to be a support line now. 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 35.04 on June 4, 2024. FOXA gained -6.76 points, or -23.90%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 34.28 and resistance is at 36.65. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See FOXA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See FOXA short-term trend chart]
A short-term uptrend had started on June 27, 2024 at 33.82 and reached 34.88 on July 1, 2024. FOXA gained -1.06 points, or -3.13%, in 4 days. The price is now at the 32.08% retracement level.

Daily Technical Indicators: [See FOXA daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is below its signal line since July 3, 2024. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.95
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 70.08
Greed/Fear Indicator (GFI) 76.22
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.70
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 81.79
Overbought
Greed/Fear Indicator (GFI) 79.00
Moving Average Converg./Diverg. (MACD) 0.53
Trading Signals
Description Value Chart
Monthly Trendline Resistance 36.65
Upper Bollinger Band 35.11
Daily Stochastic Crossing 34.55
Price 34.54
Weekly Stochastic Crossing 34.34
Monthly Trendline Support 34.28
20 Day Moving Average 34.06
Parabolic System 33.87
50 Day Moving Average 33.37
Lower Bollinger Band 33.12
Quarterly Trendline Support 28.35
Sector and Industry
Description Name Rank
Sector Communication Services 11
Industry Movies & Entertainment 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 33.82
Low Date 06/27/2024
High 34.88
High Date 07/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.76
Low Date 06/17/2024
High 34.88
High Date 06/25/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 36.65
Support 34.28
Low 28.28
Low Date 03/06/2024
High 35.04
High Date 06/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 26.90
Support 28.35
High 44.95
High Date 02/10/2022
Low 28.01
Low Date 10/27/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.05
High Date 03/15/2019
Low 19.81
Low Date 03/23/2020
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.