Twenty-First Century Fox Stock Forecast
Weaker technical forecast for Twenty-First Century Fox as stock downgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The Twenty-First Century Fox stock price fell by -1.48% on the last day (Friday, 26th Apr 2024) from $31.68 to $31.21. During the last trading day the stock fluctuated 1.96% from a day low at $31.08 to a day high of $31.69. The price has risen in 7 of the last 10 days and is up by 3.72% over the past 2 weeks. Volume has increased on the last day by 546 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $86.87 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 $31.73 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 $29.18 and $32.24 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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FOXA Signals & Forecast
The Twenty-First Century Fox stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $31.41. On a fall, the stock will find some support from the long-term average at approximately $30.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Wednesday, April 24, 2024, and so far it has fallen -1.58%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Twenty-First Century Fox stock
Twenty-First Century Fox finds support from accumulated volume at $30.44 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 $0.610 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FOXA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Twenty-First Century Fox to open at $31.33, and during the day (based on 14 day Average True Range), to move between $30.62 and $31.80, which gives a possible trading interval of +/-$0.591 (+/-1.90%) 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 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.35 (0.45%) than the support at $30.44 (2.47%), 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?
Twenty-First Century Fox holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.421 Sell Candidate Downgraded
Predicted Opening Price for Twenty-First Century Fox of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$31.33 ( 0.374%) | $31.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOXA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.94 | 2.33 % | |
R2 | 31.70 | 1.58 % | ||
R1 | 31.56 | 1.12 % | ||
Current price: | 31.21 | |||
Support | S1 | 31.09 | -0.373 % | |
S2 | 30.95 | -0.83 % | ||
S3 | 30.72 | -1.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.30 | 3.49 % | |
R2 | 31.41 | 0.641 % | ||
R1 | 31.35 | 0.449 % | ||
Current price | 31.21 | |||
Support | S1 | 30.44 | -2.47% | |
S2 | 29.47 | -5.58% | ||
S3 | 28.78 | -7.79% |
FOXA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Mar 05, 2024 | Mar 26, 2024 | $0.260 | 0.85% |
2 | Aug 02, 2023 | Aug 29, 2023 | Sep 27, 2023 | $0.260 | 0.84% |
3 | Feb 02, 2023 | Feb 28, 2023 | Mar 29, 2023 | $0.250 | 0.754% |
4 | Aug 10, 2022 | Aug 30, 2022 | Sep 28, 2022 | $0.250 | 0.795% |
5 | Feb 09, 2022 | Mar 01, 2022 | Mar 30, 2022 | $0.240 | 0.598% |
FAQ
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