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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Discover Fincl. Svcs. (DFS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Discover Fincl. Svcs. (DFS). During the week, the DFS gave back -1.02 points, or -0.84%, and closed at 120.24 on Friday, March 15, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -33% below average. DFS is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See DFS long-term trend chart] A long-term downtrend had started on August 13, 2021 at 135.63 and reached 79.04 on October 27, 2023. DFS lost 56.59 points, or 41.72%, in 115 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (118.00). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend. Medium-term trend: [See DFS medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 79.04 and reached 127.70 on March 14, 2024. DFS gained -48.66 points, or -61.56%, in 19 weeks. The price is now at the 15.33% retracement level. Weekly Technical Indicators: [See DFS weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help. Short-term trend: [See DFS short-term trend chart] A short-term uptrend had started on March 6, 2024 at 118.74 and reached 127.70 on March 14, 2024. DFS gained -8.96 points, or -7.55%, in 8 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (122.73) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend. Daily Technical Indicators: [See DFS daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 13, 2024. The distance between MACD and the signal line is low, but getting bigger. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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