Discover Fincl. Svcs. (DFS)
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|It was the negative week for the Discover Fincl. Svcs. (DFS). During the week, the DFS dropped -5.06 points, or -9.42%, and closed at 48.67 on Friday, June 26, 2020. Weekly volume was 33% above average. |
Long-term trend: [See DFS long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 4.73 and reached 92.98 on July 26, 2019. DFS gained -88.25 points, or -1865.75%, in 542 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (64.35) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DFS may retest the broken support line. It is considered to be a resistance line now. 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 DFS medium-term trend chart]
A medium-term uptrend had started on March 19, 2020 at 23.25 and reached 66.77 on June 5, 2020. DFS gained -43.52 points, or -187.18%, in 11 weeks. The price is now at the 41.59% retracement level.
Weekly Technical Indicators: [See DFS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See DFS short-term trend chart]
A short-term downtrend had started on June 5, 2020 at 66.77 and reached 47.35 on June 26, 2020. DFS lost 19.42 points, or 29.08%, in 21 days. The price is now at the 6.80% retracement level.
Daily Technical Indicators: [See DFS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down.
During the last week, the price has declined below 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.