Twenty-First Century Fox Stock Forecast

Stronger technical forecast for Twenty-First Century Fox stock price after Monday trading.
(Updated on Apr 15, 2024)

FOX 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 $28.30. On a fall, the stock will find some support from the long-term average at approximately $27.52. 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. 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 Tuesday, April 09, 2024, and so far it has fallen -3.06%. 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).

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

Twenty-First Century Fox finds support from accumulated volume at $27.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.86 (3.11%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: $26.56 (-4.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (FOX) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Twenty-First Century Fox to open at $28.02, and during the day (based on 14 day Average True Range), to move between $27.33 and $28.51, which gives a possible trading interval of +/-$0.589 (+/-2.11%) 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 4.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.95 (0.11%) than the support at $27.44 (1.72%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.620 Hold/Accumulate Upgraded

Predicted Opening Price for Twenty-First Century Fox of Tuesday, April 16, 2024

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