FOX CORP - CLASS B (FOX) Stock Technical Analysis
NASDAQ:FOX - Nasdaq - US35137L2043 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to FOX. In the last year, FOX was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month FOX has a been trading in the 48.69 - 52.46 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that FOX is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, FOX also shows a nice and consistent pattern of rising prices.
FOX is one of the better performing stocks in the Media industry, it outperforms 84% of 98 stocks in the same industry.
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.
FOX has an average volume of 1328960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FOX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
43.31
54.78
4 important support areas can be observed.
- Support @47.09 from a trend line in the weekly time frame.
- Support @46.27 from a trend line in the daily time frame.
- Support @44.56 from a horizontal line in the weekly time frame.
- A support zone ranging from 43.75 to 43.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 49.97 to 51.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 54.08 to 54.24. 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 | 90.01 | POSITIVE | FOX has a high relative strength, it outperformed 90.01% 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 | MIXED | The current price of FOX is above 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) | 48.95 | NEUTRAL | The RSI value for FOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FOX has a negative trend. |
| Stochastics (14,3) | 32.68 | NEUTRAL | The Stochastics value for FOX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for FOX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.13 | 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 |
|---|---|---|---|
| 51.05 | 48.68 | 2.37 (4.64%) | 21.54% |
| An entry @51.05. This is a Buy Stop order right above the resistance zone. | An exit @48.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.37 points, which is 4.64%. | For a 1.00% total portfolio risk, you can invest 21.54% of your capital in this trade. |
- 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.
49.48
-0.64 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.28%
1 Week0.37%
2 Weeks-1.38%
1 Month-2.1%
3 Month2.08%
6 Month10.64%
12 Month59.92%
2 Year55.16%
3 Year66.6%
5 Year84.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%2.09%
ATR Inc1.34%
Range Today1.75
ADR(20)1.01
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.01
Mansfield0.86
10 Day High51.29
10 Day Low48.69
20 Day High52.46
20 Day Low48.69
52 Week High55
52 Week Low30.51
CS1 End47.09
CR1 Start49.97
Volume & EV
DER(3)1.37%
DER(5)1.78%
Volume1.37M
Volume Incr-19.72%
Vol(5)1.17M
Vol(50)1.33M