USA A1 Trading Advice (A) | 21-Aug-2024 | Expected Gain 6%-7%

 BUY   Fox Corporation (NASDAQ: FOX)

Fox Corporation (NASDAQ: fox) STOCK RECOMMENDATION

Idea BUY
Buy Range 36.5 – 37
Target 39 – 39.5
StopLoss* below 35.5
Duration 14-15 Trading Days
Potential Returns 6% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 36.5 – 37 39 – 39.5 below 35.5 14-15 Trading Days 6% – 7%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Fox Corporation (NASDAQ: fox) STOCK OVERVIEW

Fox Corp. specializes in television production and broadcasting services. It delivers news across various brands like FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and Tubi Media Group. Fox Corp. operates in multiple segments including Cable Network Programming, Television, and Other and Corporate. The Cable Network Programming segment focuses on creating and licensing news and sports content, which is distributed through cable systems, satellite providers, telecom companies, and online video distributors. The Television segment acquires, markets, and distributes broadcast network programming. The Other and Corporate segment manages the FOX Studio Lot, Credible Labs Inc., corporate overhead expenses, and intracompany eliminations. Fox Corp. was founded by Keith Rupert Murdoch on May 3, 2018, and is headquartered in New York, NY.

Stock Data
NASDAQ Symbol FOX
Sectoral Index Broadcasting
52 Weeks High 37.13
52 Weeks Low 25.815

Fox Corporation (NASDAQ: fox) - RELATIVE STRENGTH

NASDAQ FOX- Fox Corporation -RELATIVE STRENGTH

Relative Performance - Last 1 Year

FOX CORPORATIONโ€”     NASDAQ โ€”

Fox Corporation (NASDAQ: fox) - DAILY TECHNICAL ANALYSIS

NASDAQ fox - Fox Corporation - Technical Analysis (Daily)
  • 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) - Technical Indicator-ADX&DI

NASDAQ FOX-Fox Corporation-ADX & DI
NASDAQ fox - Fox Corporation - Indicator ADX&DI
  • 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) - Technical Indicator-EMA Cross

NASDAQ FOX-Fox Corporation-EMA CROSS
NASDAQ fox - Fox Corporation - Indicator EMA Cross
  • 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 dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Fox Corporation (NASDAQ: fox) - Technical Indicator-RSI

NASDAQ FOX-Fox Corporation-RSI
NASDAQ fox - Fox Corporation - Indicator RSI
  • Current RSI of this stock is 71.23, which indicates the strength of buyers.

CONCLUSION - Fox Corporation (NASDAQ: fox) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Fox Corporationย stock price target will be USD 39 – USD 39.5 in the next 14-15 trading sessions.

Fox Corporation (NASDAQ: fox) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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