FOX Price Prediction Next Week
Technical Analysis: FOX's stock shows a bullish momentum with RSI(14) at 67.21, approaching but not yet in overbought territory. The MACD of 1.29 indicates positive momentum. The stock is trading above both its 20-day SMA (47.64) and 200-day SMA (38.08), suggesting a strong uptrend.
News Impact Analysis: Recent news highlights several key developments:
- Super Bowl LIX advertising revenue is significant, with FOX charging $7-8 million per 30-second slot. Despite 61% of survey respondents questioning the ROI, the massive viewership potential (potentially exceeding last year's 123 million viewers) supports FOX's pricing strategy.
- Netflix's potential bid for Formula One rights starting 2026 could impact FOX's sports broadcasting landscape.
- FOX's market position remains strong, with Netflix's valuation now surpassing the combined worth of major broadcast networks including FOX.
Price Prediction for Next Week: Based on Fibonacci levels:
- Resistance levels: R1: $51.74, R2: $53.16, R3: $55.45
- Support levels: S1: $47.15, S2: $45.73, S3: $43.44
- Pivot: $49.45
Trading Recommendation: BUY with target price of $51.74 (R1). The stock shows strong technical momentum and positive news catalysts from Super Bowl advertising revenue. Entry point recommended at current levels ($50.08) with stop loss at $47.15 (S1).
FOX Similar Chart Price Prediction
The price of FOX is predicted to go up 2.28%, based on the high correlation periods with ERNA. The similarity of these two price pattern on the periods is 98.41%.
FOX
ERNA
Up: 2.28%Similarity: 98.41%
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FOX VS S&P500
Fox holds very attractive sports rights, and Fox News is the long-running leader in cable news viewership, giving Fox pricing power that helps it offset the decline in pay-TV subscribers and buck the industry trend of shrinking affiliate revenue.
Sports and news continue to attract live viewership, which puts Fox in a much stronger position than peers to grow advertising revenue.
Without a subscription streaming service requiring heavy investment, profits from cash cow pay-TV businesses will continue dropping to the bottom line.
