The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 6/12/2026 -
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21st Century Fox (FOXA) Technical Analysis

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Summary:
Weekly :Trend resistance at 60.88
Daily :Broken trend support lineWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the 21st Century Fox (FOXA). During the week, the FOXA dropped -1.04 points, or -1.55%, and closed at 65.85 on Friday, June 12, 2026. It was the worst weekly loss since April 24, 2026. Weekly volume was -21% below average.

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 82.11. 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 price is near the trend resistance line (60.88). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 69.18 on June 11, 2026. FOXA gained -16.14 points, or -30.43%, in 106 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (67.19) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

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. 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.

The daily MACD line is above its signal line since June 4, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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) 55.74
Williams' Percentage Range (W%R) 7.30
Strong Overbought
Lane's Stochastic (%D-Slow) 78.06
Greed/Fear Indicator (GFI) 75.50
Moving Average Converg./Diverg. (MACD) 0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.43
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 76.96
Greed/Fear Indicator (GFI) 70.64
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Weekly Trendline Resistance 72.54
Parabolic System 69.24
Upper Bollinger Band 68.75
Daily Stochastic Crossing 67.86
Weekly Stochastic Crossing 67.25
Weekly Trendline Support 67.19
Monthly Trendline Support 65.87
Price 65.85
20 Day Moving Average 65.75
50 Day Moving Average 64.25
Lower Bollinger Band 63.10
Monthly Trendline Resistance 60.88
Sector and Industry
Description Name Rank
Sector Communication Services 7
Industry Movies & Entertainment 90
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.25
Low Date 05/05/2026
High 69.18
High Date 06/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 72.54
Support 67.19
Low 53.04
Low Date 02/25/2026
High 69.18
High Date 06/11/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 60.88
Support 65.87
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 82.11
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.