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Downtrend Broken Resist.Archive - 7/19/2024 - Sign In to see current Signals. |
21st Century Fox (FOXA) Technical Analysis
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| Summary:
| | Weekly :![Overbought sector](images\bearish.gif) ![Relative Strength Index and Lane's Stochastic are overbought](images\bearish.gif) ![Williams' Percentage Range is strongly overbought](images\bearish.gif) ![Stochastic has declined below the signal line](images\bearish.gif) ![Lane's Stochastic and MACD bearish divergence](images\bearish.gif) ![Broken trend resistance line](images\alert_signals.gif) | | Daily :![Lane's Stochastic is overbought](images\bearish.gif) ![A Parabolic SAR indicator is above and near the price](images\bearish.gif) ![Price is near the Fibonacci 23.6% retracement level](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was a third consecutive positive week for the 21st Century Fox (FOXA). During the week, the FOXA gained 1.16 points, or 3.25%, and closed at 36.89 on Friday, July 19, 2024. Weekly volume was -24% 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 37.95 on July 18, 2024. FOXA gained -9.67 points, or -34.19%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 35.04 and resistance is at 37.42. 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index 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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 37.95 on July 18, 2024. FOXA gained -4.13 points, or -12.21%, in 21 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See FOXA daily technical indicators chart] Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. The daily MACD line is above its signal line since July 8, 2024. This is an indication that the short-term trend is up. A Parabolic SAR (stop and reversal) indicator (36.58) comes close to the price (36.89). It indicates that the trend is getting weaker. 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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