Twenty-First Century Fox Inc Forecast and Stock Analysis
Technical FOX.L stock analysis for Friday May 17, 2019.
|Price to book||GBP 2.62|
|Next Earnings Date||n/a|
Twenty-First Century Fox Inc fell by -1.72% in the last day ( Friday, 17th May 2019 ) from £7.25 to £7.13 During day the stock fluctuated 1.75% from a day low at £7.13 to a day high of £7.25. The price has fallen in 5 of the last 10 days and is down by -8.06% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -38 544 shares and in total 76 456 shares bought and sold for approximately £544 749.00.
- 30 day high of the FOX.L stock price was £8.00 and low was £7.13.
- 90 day high was £8.75 and low was £7.13.
- 52 week high for the Twenty-First Century Fox Inc - £9.53 and low - £6.63.
Twenty-First Century Fox Inc has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (£7.20) are considered to be a "second chance" to get out. According to the fan-theory £6.26 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
There are few to none technical positive signals at the moment. Twenty-First Century Fox Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £7.32 and £7.79. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday May 07, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 11 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.13 between high and low, or 1.75%. For the last week the stock has had a daily average volatility of 0.70%.
Twenty-First Century Fox Inc is overbought on RSI14 (11). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.70 %Average volatility
Very Low Low Medium High Very High
Twenty-First Century Fox Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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