Twenty-First Century Fox Stock Forecast
Twenty-First Century Fox stock price up 2.24% on Thursday
(Updated on Jun 20, 2024)
The Twenty-First Century Fox stock price gained 2.24% on the last trading day (Thursday, 20th Jun 2024), rising from $31.21 to $31.91. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.41% from a day low at $31.17 to a day high of $31.92. The price has fallen in 6 of the last 10 days and is down by -1.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 thousand more shares were traded than the day before. In total, 751 thousand shares were bought and sold for approximately $23.95 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.50% during the next 3 months and, with a 90% probability hold a price between $35.84 and $38.28 at the end of this 3-month period.
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FOX Signals & Forecast
The Twenty-First Century Fox stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.19 and $30.93. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, April 16, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 16, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Twenty-First Century Fox stock
On the downside, the stock finds support just below today's level from accumulated volume at $28.45 and $28.42. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Twenty-First Century Fox finds support just below today's level at $28.45. If this is broken, then the next support from accumulated volume will be at $28.42 and $27.95.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.750 between high and low, or 2.41%. For the last week the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: $30.46 (-4.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (FOX) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Twenty-First Century Fox to open at $31.67, and during the day (based on 14 day Average True Range), to move between $31.39 and $32.43, which gives a possible trading interval of +/-$0.518 (+/-1.62%) up or down from last closing price. If Twenty-First Century Fox takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.94 (0.09%) than the support at $28.45 (10.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Twenty-First Century Fox stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Twenty-First Century Fox stock to perform well in the short-term.
Current score: 3.390 Buy Candidate Unchanged
Predicted Opening Price for Twenty-First Century Fox of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$31.67 ( 0.763%) | $31.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.42 | 1.59% |
R2 | 32.13 | 0.690% |
R1 | 31.95 | 0.135% |
Price | 31.91 | |
S1 | 31.38 | -1.66% |
S2 | 31.20 | -2.22% |
S3 | 30.92 | -3.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.28 | 1.16% |
R2 | 32.17 | 0.81% |
R1 | 31.94 | 0.0940% |
Price | 31.91 | |
S1 | 28.45 | -10.84% |
S2 | 28.42 | -10.94% |
S3 | 27.95 | -12.41% |
FOX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Mar 05, 2024 | Mar 26, 2024 | $0.260 | 0.93% |
2 | Aug 02, 2023 | Aug 29, 2023 | Sep 27, 2023 | $0.260 | 0.91% |
3 | Feb 02, 2023 | Feb 28, 2023 | Mar 29, 2023 | $0.250 | 0.82% |
4 | Aug 10, 2022 | Aug 30, 2022 | Sep 28, 2022 | $0.250 | 0.86% |
5 | Feb 09, 2022 | Mar 01, 2022 | Mar 30, 2022 | $0.240 | 0.652% |
FAQ
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