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|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.