Twenty-First Century Fox Stock Forecast
Twenty-First Century Fox stock price ended at $29.31 on Wednesday, after gaining 0.446%.
(Updated on Apr 24, 2024)
The Twenty-First Century Fox stock price gained 0.446% on the last trading day (Wednesday, 24th Apr 2024), rising from $29.18 to $29.31. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.43% from a day low at $28.94 to a day high of $29.36. The price has risen in 8 of the last 10 days and is up by 3.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 284 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $30.53 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $29.89 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Twenty-First Century Fox stock with a 90% probability to be traded between $25.55 and $29.64 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 $28.65 and $27.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 13.17%. Further rise is indicated until a new top pivot has been found. 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. 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
Twenty-First Century Fox finds support from accumulated volume at $28.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.415 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.49%.
Since the Twenty-First Century Fox has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $28.22 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (FOX) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Twenty-First Century Fox to open at $29.20, and during the day (based on 14 day Average True Range), to move between $28.78 and $29.84, which gives a possible trading interval of +/-$0.534 (+/-1.82%) 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 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.56 (0.85%) than the support at $28.42 (3.04%), 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 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 period.
Current score: 2.850 Buy Candidate Unchanged
Predicted Opening Price for Twenty-First Century Fox of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$29.20 ( 0.370%) | $29.31 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 29.62 | 1.05 % | |
R2 | 29.46 | 0.505 % | ||
R1 | 29.36 | 0.171 % | ||
Current price: | 29.31 | |||
Support | S1 | 29.04 | -0.91 % | |
S2 | 28.95 | -1.24 % | ||
S3 | 28.79 | -1.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.01 | 2.39 % | |
R2 | 29.71 | 1.36 % | ||
R1 | 29.56 | 0.85 % | ||
Current price | 29.31 | |||
Support | S1 | 28.42 | -3.04% | |
S2 | 27.95 | -4.64% | ||
S3 | 26.89 | -8.26% |
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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