The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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Discovery Communications
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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Discovery Communications (DISCK). During the week, the DISCK gained 0.31 points, or 1.50%, and closed at 21.04 on Friday, April 13, 2018. Weekly volume was 12% above 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 Broadening Descending Wedge chart pattern. The trend support level is at 18.63 and resistance is at 24.94. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See DISCK medium-term trend chart]
A medium-term downtrend had started on February 27, 2018 at 25.27 and reached 19.08 on March 29, 2018. DISCK lost 6.19 points, or 24.50%, in 4 weeks. The price is now at the 31.66% retracement level.

Weekly Technical Indicators: [See DISCK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 29, 2018 at 19.08 and reached 21.48 on April 13, 2018. DISCK gained -2.40 points, or -12.58%, in 15 days. The price is now at the 18.33% retracement level.

Daily Technical Indicators: [See DISCK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since April 3, 2018. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.98
Williams' Percentage Range (W%R) 18.10
Overbought
Lane's Stochastic (%D-Slow) 81.31
Overbought
Greed/Fear Indicator (GFI) 78.05
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.86
Williams' Percentage Range (W%R) 41.20
Lane's Stochastic (%D-Slow) 21.86
Greed/Fear Indicator (GFI) 41.96
Moving Average Converg./Diverg. (MACD) 0.02
Trading Signals
Description Value Chart
Yearly Trendline Resistance 24.94
Upper Bollinger Band 22.13
50 Day Moving Average 21.74
Daily Stochastic Crossing 21.18
Price 21.04
20 Day Moving Average 20.37
Parabolic System 20.16
Weekly Stochastic Crossing 20.11
Lower Bollinger Band 19.51
Yearly Trendline Support 18.63
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.08
Low Date 03/29/2018
High 21.48
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.27
High Date 02/27/2018
Low 19.08
Low Date 03/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.99
Low Date 11/15/2017
High 25.27
High Date 02/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.18
High Date 04/24/2017
Low 14.99
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 24.94
Support 18.63
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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