Traders and investors analyze technical indicators when making market entry and exit decisions. Moving averages and the RSI (relative strength index) are among the most widely used technical indicators. Generally, an RSI below 30 signifies that a stock is oversold, while an RSI above 70 indicates that a stock is overbought. In this part of the series, we’ll look at 21st Century Fox’s technical indicators and compare them with those of other media companies.
100-day moving averages
On July 26, 2016, 21st Century Fox (FOXA) was trading 7.8% below its 100-day moving average. The Walt Disney Company (DIS) was trading around 2.3% below its 100-day moving average while CBS (CBS) was trading 0.8% above its 100-day average. Viacom (VIAB) was trading 8.5% above its 100-day moving average.
Relative strength index
21st Century Fox currently has a 14-day RSI reading of 37. Viacom has a 14-day RSI reading of 60, which leads traders to believe the stock is overbought.
FOXA makes up 0.58% of the PowerShares QQQ Trust, Series 1 ETF (QQQ). QQQ has 5.5% exposure to the television space.