Twenty-First Century Fox Inc Forecast and Stock Analysis
Technical FOX.L stock analysis for March 22, 2019.
No changes to the price of Twenty-First Century Fox Inc in the last trading day. The price has been going up and down for this period, and there has been a -4.55% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the FOX.L stock was £7.88.
During day the stock fluctuated 0.00% from a day low at £7.88 to a day high of £7.88.
30 day high of the FOX.L stock price was £8.75 and low was £7.50.
90 day high was £9.25 and low was £7.13.
52 week high for the Twenty-First Century Fox Inc - £9.88 and low - £6.63.
Twenty-First Century Fox Inc lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £7.74 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.84% during the next 3 months and, with 90% probability hold a price between £8.34 and £10.40 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Twenty-First Century Fox Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £8.25. On a fall, the stock will find some support from the short-term average at £7.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Twenty-First Century Fox Inc finds support from accumulated volume at £7.75.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
Twenty-First Century Fox Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.