FOX ends the day on a bullish note closing near the high of the day
Twenty-First Century Fox Inc. (FOX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (FOX as at Jul 13, 2018):
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.