The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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Discovery Communications
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Summary:
Weekly :Broken trend support lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was a first positive week for the Discovery Communications (DISCK). During the week, the DISCK gained 0.73 points, or 4.74%, and closed at 16.12 on Friday, November 10, 2017. Weekly volume was 147% 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 15.25 on November 3, 2017. DISCK lost 70.07 points, or 82.13%, in 172 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (16.52) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See DISCK medium-term trend chart]
A medium-term downtrend had started on April 24, 2017 at 29.18 and reached 15.25 on November 3, 2017. DISCK lost 13.93 points, or 47.74%, in 27 weeks. The price is now at the 6.25% retracement level.

Weekly Technical Indicators: [See DISCK weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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 below its signal line since April 28, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 3, 2017 at 15.25 and reached 16.92 on November 7, 2017. DISCK gained -1.67 points, or -10.95%, in 4 days. The price is now at the 47.90% retracement level.

Daily Technical Indicators: [See DISCK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since November 1, 2017.

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.

The distance between the Bollinger Bands is 178.55% higher then one year average. It indicates the period of high volatility of the stock price. 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) 25.48
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 27.50
Greed/Fear Indicator (GFI) 24.39
Moving Average Converg./Diverg. (MACD) -0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.58
Bullish
Williams' Percentage Range (W%R) 93.20
Strong Oversold
Lane's Stochastic (%D-Slow) 13.02
Oversold Bullish
Greed/Fear Indicator (GFI) 18.05
Oversold
Moving Average Converg./Diverg. (MACD) -1.75
Trading Signals
Description Value Chart
Upper Bollinger Band 19.73
50 Day Moving Average 19.03
20 Day Moving Average 17.52
Yearly Trendline Support 16.52
Price 16.12
Daily Stochastic Crossing 16.09
Weekly Stochastic Crossing 16.07
Parabolic System 15.26
Lower Bollinger Band 15.07
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 15.25
Low Date 11/03/2017
High 16.92
High Date 11/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.26
High Date 10/20/2017
Low 15.25
Low Date 11/03/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.72
High Date 10/05/2017
Low 15.25
Low Date 11/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.18
High Date 04/24/2017
Low 15.25
Low Date 11/03/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 19.89
Support 16.52
High 85.32
High Date 07/17/2014
Low 15.25
Low Date 11/03/2017
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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