Fox Corp stock faces resistance at $52 as Tubi growth bolsters revenue outlook
FOXA operates in a highly competitive and fragmented content environment
As of April 4, 2025, Fox Corporation’s Class A stock (NASDAQ: FOXA) is trading at $51.05, representing a daily decline of 1.51%.
The session’s trading range has fluctuated between a low of $50.80 and a high of $51.75, with the stock opening at $50.88. The current volume stands relatively low at just under 140,000 shares, well below the average daily volume of over 2 million, indicating reduced short-term investor activity or caution.
From a technical standpoint, FOXA is positioned between its key moving averages. The 50-day simple moving average (SMA) is at $52.56, while the 200-day SMA is down at $43.65. This suggests that while the longer-term trend remains upward—reflected by the considerable spread between the 200-day average and the current price—the stock has recently faced selling pressure, as it's now trading below its 50-day average. Technically, this is often interpreted as a potential consolidation or mild bearish phase.
FOXA stock price dynamics (January 2025 - April 2025). Source: TradingView.
Key support is now located around the $50 psychological level, just above the 200-day moving average. If this level fails to hold, downside targets lie near $47.50 and then the $45 mark. Resistance, meanwhile, sits at the 50-day SMA ($52.56), and a breakout above this threshold would be required to reestablish short-term bullish momentum. A push past this resistance could open the way to test the recent 52-week high of $58.74.
Market context and recent developments
Fox Corporation has been delivering steady performance, especially in the face of a rapidly evolving media landscape. In its most recent quarterly report, FOXA posted $3.56 billion in revenue for the third quarter of calendar year 2024, exceeding analyst expectations. This represented an 11.1% increase year-over-year, with affiliate revenue rising 6% and advertising revenue up by 11%. These gains were driven primarily by strong political advertising during the U.S. election cycle and robust growth from the company’s ad-supported streaming platform, Tubi.
However, despite strong revenue figures, some market watchers remain cautious. A key concern involves the sustainability of advertising revenue, particularly as more viewers shift toward subscription-based or ad-free streaming alternatives. Additionally, FOXA operates in a highly competitive and fragmented content environment, where audience preferences are rapidly shifting. Investors have also noted the lack of a robust direct-to-consumer subscription streaming strategy, which puts Fox at a strategic disadvantage compared to peers like Disney or Netflix.
That said, Fox’s operational strategy—centered on live news, sports, and conservative-leaning commentary—has maintained a loyal viewer base and stable cash flows. Tubi’s continued growth also provides a scalable digital component that may support future expansion.
Price scenarios
Looking ahead, FOXA’s stock price appears to be at a pivotal juncture. Should it manage to consolidate above the $50 level and break convincingly above the $52.50 resistance, the path would be clear to target the $55 area, with a bullish breakout scenario potentially pushing prices back to the yearly high of $58.74. This would require positive investor sentiment, a strong earnings report, or favorable industry news.
On the flip side, failure to hold the $50 level could trigger renewed selling pressure, leading to a retreat toward the 200-day SMA near $43.65. A breakdown below this longer-term support level would be a bearish signal, likely pushing the stock into the low $40s or even high $30s if broader market conditions deteriorate.
As reported earlier this week, Fox Corporation stock is showing signs of consolidation near its 52-week highs, with trading volume slightly below average, indicating a pause in bullish momentum. Despite a strong earnings performance, the stock’s outlook remains mixed due to rising costs and broader industry uncertainties.
