FOX CORP - CLASS A (FOXA) Stock Technical Analysis
NASDAQ:FOXA - Nasdaq - US35137L1052 - Common Stock - Currency: USD
Overall FOXA gets a technical rating of 9 out of 10. FOXA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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 FOXA is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by FOXA over the past year are nicely spread over this period.
FOXA is one of the better performing stocks in the Media industry, it outperforms 83% of 97 stocks in the same industry.
FOXA 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 FOXA is lagging the market slightly.
In the last month FOXA has a been trading in the 54.66 - 58.70 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.
FOXA has an average volume of 3501970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FOXA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 57.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.50, a Stop Loss order could be placed below this zone.
More info and screens
45.61
58.59
When analyzing the support we can see 7 important areas.
- A support zone ranging from 54.80 to 56.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.68 to 53.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.58 from a trend line in the weekly time frame.
- Support @50.23 from a trend line in the daily time frame.
- Support @48.58 from a horizontal line in the daily time frame.
- Support @47.48 from a horizontal line in the daily time frame.
- Support @46.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.60 to 58.01. 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 FOXA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FOXA is up. |
| ChartMill Relative Strength | 87.18 | POSITIVE | FOXA has a high relative strength, it outperformed 87.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FOXA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FOXA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FOXA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.59 | NEUTRAL | The RSI value for FOXA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FOXA has a positive trend. |
| Stochastics (14,3) | 63.33 | NEUTRAL | The Stochastics value for FOXA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for FOXA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.82 | NEGATIVE | The low ADX value for FOXA 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 |
|---|---|---|---|
| 58.02 | 54.79 | 3.23 (5.57%) | 17.96% |
| An entry @58.02. This is a Buy Stop order right above the resistance zone. | An exit @54.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.23 points, which is 5.57%. | When investing 17.96% 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.
56.67
+0.4 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.71%
1 Week0.75%
2 Weeks2.83%
1 Month-0.02%
3 Month14.83%
6 Month15.49%
12 Month51.08%
2 Year69.42%
3 Year71.16%
5 Year119.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%2.28%
ATR Inc-44.9%
Range Today0.77
ADR(20)1.28
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.18
Mansfield0.6
10 Day High56.85
10 Day Low54.69
20 Day High58.7
20 Day Low54.66
52 Week High58.74
52 Week Low36.09
CS1 End56.5
CR1 Start57.6
Volume & EV
DER(3)-0.6%
DER(5)-0.15%
Volume2.41M
Volume Incr-32.6%
Vol(5)2.42M
Vol(50)3.50M