NASDAQ trade advice (A): US broadcasting stock | 6-7% gain | USA stock trading signal on 21 Aug 2024

Date
August 21, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Trading Advice in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Fox Corporation
  • 36.5 – 37
  • 39 – 39.5
  • Below 35.5
  • 6% – 7%
  • 14 - 15 Days
  • Buy
    Fox Corporation
  • Buy
    Range
    36.5 – 37
  • Target
    39 – 39.5
  • Stoploss
    Below 35.5
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Fox Corporation (NASDAQ: FOX) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • FOX
  • Fox Corporation
  • Broadcasting
  • 37.13
  • 25.815
  • NASDAQ code FOX
  • Stock Name Fox Corporation
  • Sector Broadcasting
  • 52 Weeks High 37.13
  • 52 Weeks Low 25.815
  • Fox Corporation (NASDAQ: FOX) vs NASDAQ - Relative Strength Comparison

    The image showcases Fox Corporation's 1-year performance relative to NASDAQ.
    Relative Performance - Last 1 Year
    FOX —   NASDAQ —

  • Fox Corporation (NASDAQ: FOX) - Technical Analysis (Daily)

    Fox Corporation - Technical Analysis chart on Daily Price and Volume
    Fox Corporation - Technical Analysis chart on Daily Price and Volume

    • Following a period of decline, the stock price established a support level around 26 and began to rise.
    • This upward movement allowed the price to first surpass its trendline resistance and then break through the neckline of the Rounding Bottom pattern.
    • Subsequently, the stock maintained its upward trajectory and is now trading at a 52-week high close to 37.
    • As long as the price remains above the 35 level, the overall sentiment will continue to be optimistic.
  • Fox Corporation (NASDAQ: FOX) - RSI Indicator

    Fox Corporation stock analysis based on RSI indicator
    Fox Corporation - RSI indicator

    • Current RSI of this stock is 71.23, which indicates the strength of buyers.

  • Fox Corporation (NASDAQ: FOX) - ADX & DI Indicator

    Fox Corporation stock analysis based on ADX & DI indicator
    Fox Corporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Fox Corporation (NASDAQ: FOX) - EMA Crossover

    Fox Corporation stock analysis based on EMA Crossover
    Fox Corporation - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Fox Corporation (NASDAQ: FOX) Stock Price Forecast

    Based on our short term trading ideas in USA stocks, Fox Corporation stock price target will be USD 39 - USD 39.5 in the next 14-15 trading sessions.

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    Target hit. Trade closed.

    NASDAQ: FOX

    21 Aug 2024
    27 Sep 2024
    27 Sep 2024
    13 days
    Loss per
    100,000 SAR
    Stop-loss
    35.5
    Buy Advice
    21 Aug 2024
    36.5 – 37
    Target 1
    27 Sep 2024
    39
    Target 2
    27 Sep 2024
    39.5
    Profit per
    100,000 SAR
    13 days
    7,123
    35.5
    36.5 – 37
    39
    39.5
    7,123
    21 Aug 2024
    27 Sep 2024
    27 Sep 2024
    13 days
    Loss per
    100,000 SAR
    Stop-loss
    35.5
    Buy Advice
    21 Aug 2024
    36.5 – 37
    Target 1
    27 Sep 2024
    39
    Target 2
    27 Sep 2024
    39.5
    Profit per
    100,000 SAR
    13 days
    7,123
    35.5
    36.5 – 37
    39
    39.5
    7,123
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Fox Corporation
  • 36.5 – 37
  • 39 – 39.5
  • Below 35.5
  • 6% – 7%
  • 14 - 15 Days
  • Buy Fox Corporation
  • Buy
    Range
    36.5 – 37
  • Target 39 – 39.5
  • Stoploss Below 35.5
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Fox Corporation
  • 36.5 – 37
  • 39 – 39.5
  • Below 35.5
  • 6% – 7%
  • 14 - 15 Days
  • Buy
    Fox Corporation
  • Buy
    Range
    36.5 – 37
  • Target
    39 – 39.5
  • Stoploss
    Below 35.5
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Fox Corporation (NASDAQ: FOX) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • FOX
  • Fox Corporation
  • Broadcasting
  • 37.13
  • 25.815
  • NASDAQ code FOX
  • Stock Name Fox Corporation
  • Sector Broadcasting
  • 52 Weeks High 37.13
  • 52 Weeks Low 25.815
  • Company profile

    Fox Corp. specializes in television production and broadcasting services, offering news through its various brands, including FOX News Media, FOX Sports, FOX Entertainment, and FOX Television Stations, as well as Tubi Media Group. The company operates in several segments: Cable Network Programming, Television, and Other and Corporate. The Cable Network Programming segment involves the creation and licensing of news and sports content, primarily distributed via traditional cable systems, direct broadcast satellite providers, telecommunications companies, and online multi-channel video distributors. The Television segment is dedicated to acquiring, marketing, and distributing broadcast network programming. Meanwhile, the Other and Corporate segment encompasses the FOX Studio Lot, Credible Labs Inc., corporate overhead expenses, and intracompany eliminations. Founded by Keith Rupert Murdoch on May 3, 2018, Fox Corp. is based in New York, NY.

  • Fox Corporation (NASDAQ: FOX) vs NASDAQ - Relative Strength Comparison

    The image showcases Fox Corporation's 1-year performance relative to NASDAQ.
    Relative Performance - Last 1 Year
    FOX —   NASDAQ —

  • Fox Corporation (NASDAQ: FOX) - Technical Analysis (Daily)

    Fox Corporation - Technical Analysis chart on Daily Price and Volume
    Fox Corporation - Technical Analysis chart on Daily Price and Volume

    • Following a period of decline, the stock price established a support level around 26 and began to rise.
    • This upward movement allowed the price to first surpass its trendline resistance and then break through the neckline of the Rounding Bottom pattern.
    • Subsequently, the stock maintained its upward trajectory and is now trading at a 52-week high close to 37.
    • As long as the price remains above the 35 level, the overall sentiment will continue to be optimistic.
  • Fox Corporation (NASDAQ: FOX) - RSI Indicator

    Fox Corporation stock analysis based on RSI indicator
    Fox Corporation - RSI indicator

    • Current RSI of this stock is 71.23, which indicates the strength of buyers.

  • Fox Corporation (NASDAQ: FOX) - ADX & DI Indicator

    Fox Corporation stock analysis based on ADX & DI indicator
    Fox Corporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Fox Corporation (NASDAQ: FOX) - EMA Crossover

    Fox Corporation stock analysis based on EMA Crossover
    Fox Corporation - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Fox Corporation (NASDAQ: FOX) Stock Price Forecast

    Based on our short term trading ideas in USA stocks, Fox Corporation stock price target will be USD 39 - USD 39.5 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

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