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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- 6/5/2026 -
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21st Century Fox (FOXA) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the 21st Century Fox (FOXA). During the week, the FOXA gained 2.97 points, or 4.65%, and closed at 66.89 on Friday, June 5, 2026. It was the best weekly gain since April 17, 2026. Weekly volume was -25% below 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 28.73 and resistance is at 81.84. 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 53.04 on February 25, 2026. FOXA lost 23.35 points, or 30.57%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (65.02) 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 medium-term trend.

Weekly Technical Indicators: [See FOXA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 8, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 February 25, 2026 at 53.04 and reached 68.25 on May 12, 2026. FOXA gained -15.21 points, or -28.68%, in 76 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 65.14 and resistance is at 71.20. 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 short-term trend.

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.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.82
Williams' Percentage Range (W%R) 38.20
Lane's Stochastic (%D-Slow) 67.12
Greed/Fear Indicator (GFI) 61.91
Moving Average Converg./Diverg. (MACD) 0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.51
Williams' Percentage Range (W%R) 39.40
Lane's Stochastic (%D-Slow) 72.87
Greed/Fear Indicator (GFI) 64.33
Moving Average Converg./Diverg. (MACD) 0.15
Trading Signals
Description Value Chart
Weekly Trendline Resistance 71.20
Upper Bollinger Band 67.29
Price 66.89
Weekly Stochastic Crossing 66.30
Daily Stochastic Crossing 65.69
20 Day Moving Average 65.28
Weekly Trendline Support 65.14
Monthly Trendline Support 65.02
50 Day Moving Average 63.37
Parabolic System 63.02
Lower Bollinger Band 62.62
Monthly Trendline Resistance 61.61
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Movies & Entertainment 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.25
Low Date 05/05/2026
High 68.25
High Date 05/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 71.20
Support 65.14
Low 53.04
Low Date 02/25/2026
High 68.25
High Date 05/12/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 61.61
Support 65.02
High 76.39
High Date 01/09/2026
Low 53.04
Low Date 02/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 81.84
Support 28.73
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.