FOXA closes higher for the 2nd day in a row

Twenty-First Century Fox (FOXA) Technical Analysis Report for Sep 14, 2018

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

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

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 chart for FOXA

Volatility

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.

Trend

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

Order Flow

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

Conclusion

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

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Latest Report:

FOXA finds buyers again around 44.49

Sep 19, 2018
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