FOX ends the day on a bullish note closing near the high of the day
FOX ended the week -2.56% lower at 47.19 after gaining $0.15 (0.32%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was $0.61 (1.3%), that's below last trading month's daily average range of $0.88. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.
While the stock is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Twenty-First Century Fox Class B
|Bearish Outside Bar||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|RSI(2) below 20||TQ Pro Members Only|
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