The Greedy Trader Weekly Analysis
Sign In Jul 20, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 7/13/2018
Sign In to see current Signals.
Discovery Communications
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Discovery Communications (DISCK). During the week, the DISCK gave back -0.25 points, or -0.97%, and closed at 25.51 on Friday, July 13, 2018. Weekly volume was -59% 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 Rising Pennant chart pattern. The downtrend resistance line (22.36) is broken. A broken support is considered to be a long-term bullish 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 resistance line 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 14.99 on November 15, 2017. DISCK lost 14.19 points, or 48.63%, in 29 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend resistance line (22.36) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DISCK 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. 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. 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 26.64 on June 22, 2018. DISCK gained -7.56 points, or -39.62%, in 85 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 19.37 and resistance is at 28.07. A Broadening Ascending 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See DISCK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 2, 2018.

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 falling, and it was 5.17% on Friday. It is 71.50% lower than one year average. It indicates the period of low 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) 39.61
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 49.09
Greed/Fear Indicator (GFI) 47.54
Moving Average Converg./Diverg. (MACD) 0.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.07
Williams' Percentage Range (W%R) 14.80
Overbought
Lane's Stochastic (%D-Slow) 89.23
Overbought
Greed/Fear Indicator (GFI) 77.58
Moving Average Converg./Diverg. (MACD) 0.42
Trading Signals
Description Value Chart
Weekly Trendline Resistance 28.07
Monthly Trendline Resistance 26.79
Weekly Stochastic Crossing 25.97
Upper Bollinger Band 25.83
20 Day Moving Average 25.79
Daily Stochastic Crossing 25.64
Price 25.51
Parabolic System 25.09
Lower Bollinger Band 24.52
Quarterly Trendline Resistance 23.53
Yearly Trendline Resistance 23.53
50 Day Moving Average 23.29
Yearly Trendline Support 22.36
Quarterly Trendline Support 22.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.64
High Date 06/22/2018
Low 25.06
Low Date 07/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 28.07
Support 19.37
Low 19.08
Low Date 03/29/2018
High 26.64
High Date 06/22/2018
Description Value
Direction Up
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 26.79
Support 18.65
Low 14.99
Low Date 11/15/2017
High 26.64
High Date 06/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 23.53
Support 22.36
High 29.18
High Date 04/24/2017
Low 14.99
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 23.53
Support 22.36
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.

Copyright© 2004-2016 All rights reserved.