Twenty-First Century Fox Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
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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