The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/14/2026 -
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21st Century Fox (FOXA) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving AverageBroken trend resistance line
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It was a third consecutive positive week for the 21st Century Fox (FOXA). During the week, the FOXA gained 5.01 points, or 7.82%, and closed at 69.04 on Friday, August 14, 2026. Weekly volume was 16% above average.

FOXA is a member of Communication Services Sector. Communication Services is the second 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 uptrend had started on October 27, 2022 at 28.01 and reached 76.39 on January 9, 2026. FOXA gained -48.38 points, or -172.72%, in 167 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 28.77 and resistance is at 84.43. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See FOXA medium-term trend chart]
A medium-term downtrend had started on January 9, 2026 at 76.39 and reached 48.34 on June 25, 2026. FOXA lost 28.05 points, or 36.72%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (45.86) 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 medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 11, 2026 at 69.18 and reached 48.34 on June 25, 2026. FOXA lost 20.84 points, or 30.12%, in 14 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (59.50) 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 short-term trend.

Daily Technical Indicators: [See FOXA daily technical indicators chart]
Daily 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 daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since July 1, 2026.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.66
Overbought
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 87.82
Overbought
Greed/Fear Indicator (GFI) 86.74
Overbought
Moving Average Converg./Diverg. (MACD) 1.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.99
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 51.88
Greed/Fear Indicator (GFI) 65.60
Moving Average Converg./Diverg. (MACD) -1.25
Trading Signals
Description Value Chart
Price 69.04
Upper Bollinger Band 67.90
Daily Stochastic Crossing 67.84
Monthly Trendline Resistance 66.71
Parabolic System 61.02
Weekly Stochastic Crossing 59.92
20 Day Moving Average 59.88
Weekly Trendline Support 59.50
50 Day Moving Average 57.84
Lower Bollinger Band 53.66
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Movies & Entertainment 79
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 48.34
Low Date 06/25/2026
High 69.25
High Date 08/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 51.13
Support 59.50
High 69.18
High Date 06/11/2026
Low 48.34
Low Date 06/25/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 66.71
Support 45.86
High 76.39
High Date 01/09/2026
Low 48.34
Low Date 06/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 84.43
Support 28.77
Low 28.01
Low Date 10/27/2022
High 76.39
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.81
Low Date 03/23/2020
High 76.39
High Date 01/09/2026
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.