FOXA breaks below 50-day moving average


Twenty-First Century Fox (FOXA) Technical Analysis Report for Aug 10, 2018 [1 min read]
Highlights
FOXA breaks below 50-day moving average
FOXA closes above its opening price after recovering from early selling pressure
FOXA fails to close above 50-day moving average
FOXA closes within previous day's range after lackluster session
FOXA ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

FOXA finished the week 0.13% higher at 45.48 after losing $0.12 (-0.26%) today on low volume. Trading up to $0.13 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for FOXA
Volatility

Friday's trading range was $0.32 (0.7%), that's far below last trading month's daily average range of $0.59. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being below average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to the key resistance level at 45.63. After spiking up to 45.60 during the day, the market found resistance at the 50-day moving average at 45.55.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The stock broke below the 50-day moving average at 45.55 today for the first time since April 20th.

Order Flow

Buying might speed up should prices move above the nearby swing high at 45.79 where further buy stops could get activated. Selling might accelerate should prices move below the close-by swing low at 44.76 where further sell stops could get triggered. Further selling might move prices lower should the market test July's nearby low at 44.59.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Twenty-First Century Fox
Condition Forecast Direction Win Avg Worst Best Events
Close to Swing High TQ Pro Members Only
Bullish Break through SMA 20 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bullish Bounce off SMA 20 TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Twenty-First Century Fox traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
ETHUSD 285.726.43 2.30%
INDU 25,558.73396.32 1.58%
CRUDE 65.450.55 0.85%
CAC 5,349.0243.80 0.83%
SPX 2,840.6922.32 0.79%
ASX 6,328.30-0.70 -0.01%
DXY 96.535-0.045 -0.05%
NKY 22,192.04-12.18 -0.05%
GOLD 1,181.0-0.8 -0.07%
HSI 27,100.06-223.53 -0.82%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.22 0.77
0.79%
ACN 10 day candlestick chart for ACN162.89 2.48
1.55%
ADBE 10 day candlestick chart for ADBE248.89 -1.63
-0.65%
AAP 10 day candlestick chart for AAP159.49 1.46
0.92%
AES 10 day candlestick chart for AES13.87 0.38
2.82%
AET 10 day candlestick chart for AET198.47 1.18
0.60%
AFL 10 day candlestick chart for AFL46.50 0.21
0.45%
AMG 10 day candlestick chart for AMG146.29 0.86
0.59%
A 10 day candlestick chart for A65.50 0.77
1.19%
ABT 10 day candlestick chart for ABT64.16 0.69
1.09%