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Downtrend ExhaustionArchive - 4/19/2024 - Sign In to see current Signals. |
21st Century Fox (FOXA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the 21st Century Fox (FOXA). During the week, the FOXA gained 1.30 points, or 4.32%, and closed at 31.39 on Friday, April 19, 2024. It was the best weekly gain since November 3, 2023. Weekly volume was -25% below average. 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 price is now at the 19.95% retracement level. Medium-term trend: [See FOXA medium-term trend chart] A medium-term downtrend had started on February 17, 2023 at 37.26 and reached 28.28 on March 6, 2024. FOXA lost 8.98 points, or 24.10%, in 54 weeks. The price is now at the 34.63% retracement level. Weekly Technical Indicators: [See FOXA weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since March 15, 2024. 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 April 4, 2024 at 31.81 and reached 30.02 on April 15, 2024. FOXA lost 1.79 points, or 5.63%, in 11 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (29.44) 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 short-term trend. Daily Technical Indicators: [See FOXA daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak. 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. During the last week, the price 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.
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