FOX CORP - CLASS B (FOX) Stock Technical Analysis
USA - NASDAQ:FOX - US35137L2043 - Common Stock
Taking everything into account, FOX scores 7 out of 10 in our technical rating. In the last year, FOX was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, FOX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 52.37, a Stop Loss order could be placed below this zone.
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48.56
We found 3 important support areas.
- A support zone ranging from 51.55 to 52.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.37 from a horizontal line in the daily time frame.
- A support zone ranging from 49.05 to 49.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 52.98 to 53.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 55.98 to 57.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for FOX is neutral. |
| ChartMill Relative Strength | 80.82 | POSITIVE | FOX has a high relative strength, it outperformed 80.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FOX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FOX is below a declining 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) | 47.67 | NEUTRAL | The RSI value for FOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FOX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.12 | NEUTRAL | The Stochastics value for FOX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for FOX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.51 | NEGATIVE | The low ADX value for FOX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 53.95 | 51.54 | 2.41 (4.47%) | 22.39% |
| An entry @53.95. This is a Buy Stop order right above the resistance zone. | An exit @51.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.41 points, which is 4.47%. | When investing 22.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
52.9
+0.07 (+0.13%)
FOX CORP - CLASS B / FOX FAQ
What is the technical rating for FOX stock?
ChartMill assigns a technical rating of 7 / 10 to FOX.
What is the current trend direction of FOX CORP - CLASS B (FOX) stock?
The current trend direction for FOX CORP - CLASS B (FOX) is Bullish.
Can you provide the RSI signal for FOX CORP - CLASS B?
FOX CORP - CLASS B (FOX) has an RSI value of 47.674. This indicates that the stock is currently neutral.
What is the MACD signal for FOX CORP - CLASS B (FOX) stock?
The MACD indicator for FOX CORP - CLASS B (FOX) has a value of -0.0275989, indicating a bearish trend.
What is the short term momentum for FOX stock?
The short term momentum for FOX CORP - CLASS B (FOX) is neutral.