FOXA closes higher for the 2nd day in a row


Twenty-First Century Fox Inc. (FOXA) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

FOXA closes higher for the 2nd day in a row
FOXA stuck within tight trading range
FOXA closes within previous day's range after lackluster session

Overview

Moving higher for the 2nd day in a row, FOXA ended the week -0.88% lower at 44.81 after gaining $0.02 (0.04%) today on high volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily Candlestick Chart (FOXA as at Sep 14, 2018):

Daily technical analysis candlestick chart for Twenty-First Century Fox Inc. (FOXA) as at Sep 14, 2018

Friday's trading range was $0.25 (0.56%), that's below last trading month's daily average range of $0.33. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 44.60 and 45.00 which it has been in now for the last three days.

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Trading close to July's low at 44.59 we could see further downside momentum if potential sell stops at the level get triggered.


Market Conditions for FOXA as at Sep 14, 2018

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