The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Discover Fincl. Svcs. (DFS)

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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.24
Williams' Percentage Range (W%R) 82.50
Oversold
Lane's Stochastic (%D-Slow) 34.71
Greed/Fear Indicator (GFI) 27.15
Moving Average Converg./Diverg. (MACD) 2.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.56
Williams' Percentage Range (W%R) 49.90
Lane's Stochastic (%D-Slow) 74.40
Greed/Fear Indicator (GFI) 60.54
Moving Average Converg./Diverg. (MACD) -8.35
Trading Signals
Description Value Chart
Upper Bollinger Band 58.76
Parabolic System 58.05
Weekly Stochastic Crossing 57.66
20 Day Moving Average 54.46
Daily Stochastic Crossing 50.31
Price 48.67
50 Day Moving Average 45.99
Lower Bollinger Band 45.04
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Consumer Finance 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 66.77
High Date 06/05/2020
Low 47.35
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.25
Low Date 03/19/2020
High 66.77
High Date 06/05/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 87.43
High Date 12/20/2019
Low 23.25
Low Date 03/19/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.98
High Date 07/26/2019
Low 23.25
Low Date 03/19/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 96.39
Support 64.35
Low 4.73
Low Date 03/06/2009
High 92.98
High Date 07/26/2019
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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