Twenty-First Century Fox Stock Forecast
Twenty-First Century Fox stock price ended at $32.56 on Monday, after gaining 1.40%.
(Updated on May 06, 2024)
The Twenty-First Century Fox stock price gained 1.40% on the last trading day (Monday, 6th May 2024), rising from $32.11 to $32.56. It has now gained 4 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 1.34% from a day low at $32.14 to a day high of $32.57. The price has risen in 6 of the last 10 days and is up by 3.69% 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, 37 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $84.31 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $32.70 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.82% during the next 3 months and, with a 90% probability hold a price between $32.41 and $35.26 at the end of this 3-month period.
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FOXA Signals & Forecast
Mostly positive signals in the chart today. 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 $31.64 and $31.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 8.21%. Further rise is indicated until a new top pivot has been found. 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.
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 $30.44 and $29.47. 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 $30.44. If this is broken, then the next support from accumulated volume will be at $29.47 and $28.78.
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 $0.430 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: $30.98 (-4.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (FOXA) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Twenty-First Century Fox to open at $32.42, and during the day (based on 14 day Average True Range), to move between $32.00 and $33.12, which gives a possible trading interval of +/-$0.563 (+/-1.73%) 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 3.46% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $30.44, some $2.12 (6.51%) from the current price of $32.56, our system finds the risk reward attractive.
Earnings coming up
Twenty-First Century Fox will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.16. We will update the financials statements for Twenty-First Century Fox, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.75% in the first trading day after earnings release.
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: 4.422 Buy Candidate Unchanged
Predicted Opening Price for Twenty-First Century Fox of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$32.42 ( 0.420%) | $32.56 |
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 | 32.85 | 0.90 % | |
R2 | 32.69 | 0.396 % | ||
R1 | 32.59 | 0.0847 % | ||
Current price: | 32.56 | |||
Support | S1 | 32.26 | -0.92 % | |
S2 | 32.16 | -1.24 % | ||
S3 | 31.99 | -1.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 32.56 | |||
Support | S1 | 30.44 | -6.51% | |
S2 | 29.47 | -9.49% | ||
S3 | 28.78 | -11.61% |
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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