April

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Fox Corp. Class B stock price closed at $31.26 with a gain of 0.1% during the last intraday session.</a> </li> 
 <li> <span>2</span> <a>The year-to-date return of FOX stock is 9.92%.</a> </li> 
</ul> 
<p>Fox Corp. Class B stock price has been in a strong bullish momentum since mid-May 2023, rising from the low of $28 and recovering from April losses. The stock price surged nearly 15% from the May low. However, the move was halted near $33. FOX stock price then corrected the bullish move and melted to form a support at $30.95.&nbsp;</p> 
<p>The stock price has traded below $32 due to the strong presence of bears above it. It attempted twice to rise above it but was not possible. If bears take control and push the price below the recent support of $30.95, it might then head toward the next major support level of $29.20. There is a minor hurdle at $30.60 which can be shattered if bearish momentum prevails.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/n5bBYYWBFqrP-FhVsxd5rHDZIYwM2LIF-EhuidychPpcT_3qm-6pnOh557TSQApUHICwLqBy6HH4K8kcY1KbpZnKI7RinocbymQOVVWEhEyosERfL_c0Qhv8o_w9DGckbCaxr6-mwZRbrZxDNYcsyA" alt="Fox Corp. (FOX) Stock: Will Earnings Help It Regain Momentum?"> 
  <figcaption class="wp-element-caption">
    Source: FOX Stock Price By <a href="https://www.tradingview.com/x/RauSbLUP/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>On the other hand, if bulls can push the price above $32, it might retest the resistance level of $32.30. If a candle has a close above $32.30, the price can then head toward an annual high of $34.42.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-fox-corporation-winds-up-fox-bet-strong"><strong>Fox Corporation Winds Up Fox Bet</strong></h2> 
<p>Fox Corporation along with its partner, FanDuel owner Flutter Entertainment decided to wind down fox bet between July 31 and August 31. Fox Bet has already stopped accepting bets. It failed to gain traction in U.S. sports wagering.&nbsp;</p> 
<p>The bookmakers were not able to gain market share and were only available in four states – Michigan, Colorado, New Jersey, and Pennsylvania. FanDuel and DraftKings own more than 70% of the market share of the online sports betting market, leaving little room for other companies.&nbsp;</p> 
<p>FOX earnings results are scheduled to be reported on 8 August 2023. The consensus has estimated the earning per share to be $0.71 and the revenue to be $3.025 Billion. In the last four quarters, three have turned out to be positive.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-fox-stock-price-retest-the-32-30-level-strong"><strong>Will FOX Stock Price Retest the $32.30 Level?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/VzEVKv1v3C-SJWUSyoQcFtbfQv30tg2J9mlMKIiw8jkUtjW_v5R1NFWIikzKvBRK4mPXSlIZaCm2dN3V528UkHGsYe_NYSxW9JkyYPpp5CaNuUM9ptxNkGVmN_N1m19JJuhFOtYiJtOEqOaut9n6Ug" alt="Fox Corp. (FOX) Stock: Will Earnings Help It Regain Momentum?"> 
  <figcaption class="wp-element-caption">
    Source: FOX Stock Price By <a href="https://www.tradingview.com/x/0vv6bjPp/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>FOX stock price has dropped below the 20-day exponential moving average indicating a rise in bearish momentum. However, the last candle took support from the 50-day EMA. Chaikin money flow score has dropped below the 0 mark and previously traded at -0.07, suggesting weakness in the market.&nbsp;</p> 
<p>The relative strength index stands at 49.33 nearing the neutral territory indicating the same pressure from bulls and bears. The Bollinger bands have started to contract indicating a decrease in the volatility. The 20-day SMA has acted as a resistance for FOX<a href="https://www.thecoinrepublic.com/2023/08/03/canoo-inc-nasdaq-goev-stock-price-roadmap-to-5-in-2023-report/" target="_blank" rel="noopener noreferrer nofollow"> stock price </a>and is headed toward the lower band of Bollinger which resides at $30.86.</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The market structure and price action of Fox Corporation shifted to bearish after the price faced rejection from $32.30. Technical parameters suggest that there is a slight weakness in the market and there is a possibility that it might break recent support of $30.95.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<p>Major support: $30.95 and $29.20&nbsp;</p> 
<p>Major resistance: 32.30 and $34.35&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Fox Corp. (FOX) Stock: Will Earnings Help It Regain Momentum?

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