FOX CORP - CLASS B (FOX) Stock Technical Analysis
NASDAQ:FOX - Nasdaq - US35137L2043 - Common Stock - Currency: USD
Overall FOX gets a technical rating of 9 out of 10. In the last year, FOX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FOX is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by FOX over the past year are nicely spread over this period.
FOX is part of the Media industry. There are 97 other stocks in this industry. FOX outperforms 81% of them.
FOX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FOX is lagging the market slightly.
In the last month FOX has a been trading in the 50.17 - 53.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FOX has an average volume of 1196300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, FOX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 51.85, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.31
53.53
We found 5 important support areas.
- A support zone ranging from 50.69 to 51.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.29 to 49.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.47 from a trend line in the daily time frame.
- Support @44.56 from a horizontal line in the weekly time frame.
- Support @43.75 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @51.99 from a trend line in the daily time frame.
- Resistance @53.00 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FOX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FOX is up. |
| ChartMill Relative Strength | 85.37 | POSITIVE | FOX has a high relative strength, it outperformed 85.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FOX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FOX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FOX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.45 | NEUTRAL | The RSI value for FOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FOX has a positive trend. |
| Stochastics (14,3) | 77.11 | NEUTRAL | The Stochastics value for FOX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for FOX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for FOX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 52.00 | 50.68 | 1.32 (2.54%) | 25.00% |
| An entry @52.00. This is a Buy Stop order right above the resistance zone. | An exit @50.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.32 points, which is 2.54%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FOX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
51.92
-0.2 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.38%
1 Week1.66%
2 Weeks1.17%
1 Month-0.82%
3 Month12.45%
6 Month6.83%
12 Month48.85%
2 Year65.3%
3 Year68.03%
5 Year101.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%2.17%
ATR Inc-24.38%
Range Today0.8
ADR(20)1.12
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.37
Mansfield0.39
10 Day High52.5
10 Day Low50.17
20 Day High53.58
20 Day Low50.17
52 Week High55
52 Week Low33.72
CS1 End51.85
CR1 Start51.99
Volume & EV
DER(3)0.23%
DER(5)0.67%
Volume1.28M
Volume Incr32.57%
Vol(5)1.14M
Vol(50)1.20M