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.
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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
Relative Performance - Last 1 Year
FOX CORPORATIONโ NASDAQ โ
Fox Corporation (NASDAQ: fox) - DAILY TECHNICAL ANALYSIS
- 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
- 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
- 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 dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Fox Corporation (NASDAQ: fox) - Technical 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.