The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Discovery Communications
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement level
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It was a second consecutive positive week for the Discovery Communications (DISCK). During the week, the DISCK gained 0.66 points, or 2.23%, and closed at 30.24 on Friday, October 05, 2018. Weekly volume was -20% below average.

Long-term trend: [See DISCK long-term trend chart]
A long-term downtrend had started on July 17, 2014 at 85.32 and reached 14.99 on November 15, 2017. DISCK lost 70.33 points, or 82.43%, in 173 weeks. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See DISCK medium-term trend chart]
A medium-term uptrend had started on November 15, 2017 at 14.99 and reached 31.38 on October 5, 2018. DISCK gained -16.39 points, or -109.34%, in 46 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (24.74) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DISCK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 8, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See DISCK short-term trend chart]
A short-term uptrend had started on September 18, 2018 at 28.26 and reached 31.38 on October 5, 2018. DISCK gained -3.12 points, or -11.04%, in 17 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DISCK daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since September 11, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.18
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 79.53
Bearish
Greed/Fear Indicator (GFI) 76.94
Moving Average Converg./Diverg. (MACD) 1.02 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.43
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 83.65
Overbought
Greed/Fear Indicator (GFI) 80.02
Overbought
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Upper Bollinger Band 31.24
Daily Stochastic Crossing 30.77
Weekly Stochastic Crossing 30.64
Parabolic System 30.33
Price 30.24
20 Day Moving Average 29.20
Quarterly Trendline Resistance 27.87
Lower Bollinger Band 26.80
50 Day Moving Average 26.78
Quarterly Trendline Support 24.74
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.26
Low Date 09/18/2018
High 31.38
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.87
Low Date 08/07/2018
High 31.38
High Date 10/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.08
Low Date 03/29/2018
High 31.38
High Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 27.87
Support 24.74
Low 14.99
Low Date 11/15/2017
High 31.38
High Date 10/05/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status
Resistance
Support
High 85.32
High Date 07/17/2014
Low 14.99
Low Date 11/15/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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