Twenty-First Century Fox Stock Forecast

Green day on Tuesday for Twenty-First Century Fox stock after gaining 1.06%
(Updated on Jul 02, 2024)

FOXA 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 $34.36 and $33.78. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -0.95%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Twenty-First Century Fox stock

Twenty-First Century Fox finds support from accumulated volume at $34.46 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 $0.630 between high and low, or 1.86%. For the last week the stock has had daily average volatility of 1.73%.

Our recommended stop-loss: $33.00 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 55 days ago.)

Trading Expectations (FOXA) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Twenty-First Century Fox to open at $34.28, and during the day (based on 14 day Average True Range), to move between $33.89 and $35.07, which gives a possible trading interval of +/-$0.594 (+/-1.72%) 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 3.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.46 (0.06%) than the resistance at $34.52 (0.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: 4.733 Buy Candidate Unchanged

Predicted Opening Price for Twenty-First Century Fox of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.