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
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):
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.