FOXA breaks below prior session low

Technical Analysis Report for FOXA - May 17, 2018 [1 min read]
FOXA breaks key support level
FOXA closes below its opening price unable to hold early session gains
FOXA ends the day on a bearish note closing near the low of the day
FOXA runs into sellers again around 38.32
FOXA breaks below previous session low
TQ Sentiment
Technical Forecast:

FOXA finished Thursday at 37.77 losing $0.39 (-1.02%) on low volume. Trading $0.27 higher after the open, Twenty-First Century was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Wednesday's low at 37.80, the share confirms its breakout through the prior session's low having traded $0.10 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for FOXA

Thursday's trading range was $0.62 (1.63%), that's below last trading month's daily average range of $0.80. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

Price Action

In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bearish Outside Bar.


Breaking below the key support level at 37.89 today, it is now likely to act as resistance going forward. After having been unable to move above 38.27 in the previous session, the stock ran into sellers again around the same price level today, failing to move higher than 38.32.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Selling might speed up should prices move below the nearby swing low at 37.43 where further sell stops could get activated.


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

Report Market Conditions
Price broke through Technical Support S1 TQ Pro Members Only
High close to previous High TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

FOXA surges 1.6% closing $0.61 higher

May 23, 2018
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.


Stocks Top Movers

NATGAS 2.9580.028 0.96%
NDX 6,953.6360.01 0.87%
TBOND 142.4381.094 0.77%
DXY 93.9000.405 0.43%
SPX 2,733.298.85 0.32%
CRUDE 71.83-0.30 -0.42%
GBPUSD 1.3347-0.0083 -0.62%
EURUSD 1.1697-0.0081 -0.69%
USDJPY 110.08-0.82 -0.74%
NKY 22,437.01-252.73 -1.11%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.