Fox Corporation stock approaches its 52-week high with strong technical support
Investors are taking note of Fox’s strong balance sheet
Fox Corporation’s Class A stock (NASDAQ: FOXA) is currently trading at $55.82 as of April 2, 2025, marking a mild decline of 0.78% in the latest session.
Despite this pullback, the stock remains firmly in an upward trajectory, trading near its 52-week high of $58.74, reached in early March. The price action over the past three months suggests a continuation of the bullish trend, supported by both volume patterns and moving average crossovers.
The 50-day moving average stands at approximately $54.50, acting as a dynamic support level and confirming the short-term bullish bias. The 200-day moving average is significantly lower, around $50.10, further underscoring the strength of the ongoing uptrend. From a technical standpoint, key support is clearly defined at $54.00, a level tested several times in March and early April. If the price breaks below this level, the next support would be at the 50-day moving average.
FOXA stock price dynamics (January 2025 - April 2025). Source: TradingView.
On the upside, resistance is now set at the previous high of $58.74. A daily close above this level would likely attract momentum-driven buying, potentially pushing the stock toward the next psychological barrier at $60. The Relative Strength Index (RSI) currently sits at 60, indicating that the stock is nearing overbought territory but still has room for further appreciation before reaching extreme levels.
Market context and analyst opinions
Fox Corporation has recently drawn strong support from institutional analysts, reinforcing its bullish technical setup. Most notably, Loop Capital raised its price target on FOXA to $62, reiterating a ‘Buy’ recommendation. The firm's decision reflects confidence in Fox’s strategic positioning, particularly in live news and sports programming—two content categories that continue to drive viewership and advertising demand.
UBS echoed a similarly optimistic outlook by lifting its price target to $63, also maintaining a 'Buy' stance. UBS analysts pointed to improved affiliate and advertising revenue trends, along with Fox’s ability to retain market share despite the evolving media consumption landscape. Fox’s business model, which avoids the highly competitive streaming wars, is increasingly viewed as a strength rather than a limitation, particularly in light of rising content production costs across the industry.
Investors are also taking note of Fox’s strong balance sheet, disciplined capital allocation strategy, and consistent shareholder returns via buybacks and dividends. In a media landscape characterized by disruption and fragmentation, Fox’s focus on live and real-time content gives it a niche advantage that’s difficult for digital platforms to replicate.
Price scenarios
Taking both the technical and fundamental perspectives into account, Fox Corporation stock appears poised for moderate upside in the short term. A decisive move above the $58.74 resistance level could trigger a rally toward the $60–62 range, in line with current analyst targets. This scenario would likely be supported by continued strength in advertising revenue and sustained viewership ratings.
On the downside, a failure to hold the $54.00 support could lead to a retest of the 50-day moving average, with a deeper correction only likely if broader market sentiment deteriorates. However, the confluence of strong institutional support, solid technical positioning, and stable fundamentals suggests that downside risks are limited. The base-case scenario anticipates a gradual appreciation toward the $60 mark in the coming weeks.
Last week, Fox Corporation’s shares consolidated amid rising sports programming costs, closing at $54.92 on March 28 with a slight 0.53% dip. Despite the pullback, the stock remains in a bullish trend near its 52-week high, signaling continued investor confidence.
