Fox Corporation stock price forecast: Strategic shifts and bullish momentum
Fox’s traditional cable TV business remains under pressure.
Fox Corporation (NASDAQ: FOXA) is currently trading at $52.46 as of March 18, 2025, reflecting a moderate increase of 0.34% from the previous session's close. The stock has been trading within a narrow intraday range, with a high of $52.65 and a low of $52.01. This indicates relatively stable price action despite recent market turbulence.
Support levels are clearly defined at $51.00 and $49.50. The $51.00 support aligns closely with the 50-day MA, suggesting that if the stock faces selling pressure, it could stabilize at this level. Stronger support at $49.50 corresponds with the 200-day MA, which would act as a significant floor in case of more pronounced declines. On the upside, resistance is seen at $53.00, followed by a more significant ceiling at $55.00. These resistance points have previously acted as barriers where profit-taking emerged.
FOXA stock price dynamics (January 2024 - March 2025). Source: TradingView.
The Relative Strength Index (RSI) is currently at 58, indicating that the stock is in neutral territory. An RSI reading above 70 would suggest overbought conditions, while a reading below 30 would signal oversold territory. With the RSI near 60, Fox has room for further gains before reaching overbought levels, suggesting bullish potential in the near term.
Market context: Strategic initiatives and competitive positioning
Fox Corporation has been strategically expanding its presence in the digital and sports broadcasting sectors to adapt to changing consumer behavior. A significant development is Fox’s plan to launch a new sports-focused streaming service ahead of the next NFL season. The company expects the service to attract an initial subscriber base in the mid-single digit millions, which could drive significant revenue growth and strengthen Fox's position in the competitive streaming market.
Additionally, Fox is positioning itself to secure more Major League Baseball (MLB) broadcasting rights after ESPN opted out of its $550 million per year contract. Fox currently holds the largest MLB broadcasting package, valued at approximately $729 million per season. Securing additional rights would enhance Fox's dominance in live sports broadcasting, a sector that remains highly lucrative despite cord-cutting trends.
Fox has also acquired Red Seat Ventures, a company specializing in creator-driven media. This move aligns with Fox’s strategy to grow its direct-to-consumer business and capitalize on the increasing demand for personalized content. Expanding into the creator economy gives Fox an opportunity to generate new revenue streams and increase customer engagement.
Despite these positive strategic moves, Fox’s traditional cable TV business remains under pressure due to ongoing cord-cutting and shifts toward digital platforms. However, the company’s proactive efforts in expanding its digital and sports content portfolio should help mitigate these challenges.
Price prediction and scenarios
Fox Corporation’s stock outlook remains positive, supported by strong technical indicators and strategic growth initiatives. If the stock breaks above the immediate resistance level at $53.00, it could test the next resistance at $55.00 in the short term. Sustained upward momentum beyond $55.00 would open the door for a potential move toward $58.00 in the coming months, assuming positive execution of its strategic plans.
On the downside, if the stock faces selling pressure, initial support at $51.00 should hold, given the alignment with the 50-day MA. A break below this level could lead to a decline toward the stronger support at $49.50. A breach of this level would indicate a shift toward a more bearish trend.
The S&P 500 (SPX) has bounced off support at 5,462 after dropping from its March peak of 6,200, recovering 0.31% to 5,638 but staying within a bearish trend. A confirmed reversal will require a breakout above key resistance levels.
