The Greedy Trader Weekly Analysis
Sign In Dec 6, 2019
Skip Navigation Links
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceThe 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 a first positive week for the Discover Fincl. Svcs. (DFS). During the week, the DFS gained 1.00 points, or 1.19%, and closed at 84.87 on Friday, November 29, 2019. Weekly volume was -63% below 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 trend support level is at 58.37 and resistance is at 90.63. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See DFS medium-term trend chart]
A medium-term downtrend had started on July 26, 2019 at 92.98 and reached 74.85 on October 3, 2019. DFS lost 18.13 points, or 19.50%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (72.84) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DFS may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DFS weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See DFS short-term trend chart]
A short-term uptrend had started on October 3, 2019 at 74.85 and reached 85.33 on November 27, 2019. DFS gained -10.48 points, or -14.00%, in 55 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 83.59 and resistance is at 86.57. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See DFS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish 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 and Williams' Percentage Range help.

The daily MACD line is below its signal line since November 19, 2019. The distance between MACD and the signal line is low and getting smaller.

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 4.34% on Friday. It is 63.64% 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) 51.16
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 82.22
Overbought Bearish
Greed/Fear Indicator (GFI) 74.61
Moving Average Converg./Diverg. (MACD) 0.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.46
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 79.84
Greed/Fear Indicator (GFI) 62.99
Moving Average Converg./Diverg. (MACD) 1.47
Trading Signals
Description Value Chart
Yearly Trendline Resistance 90.63
Weekly Trendline Resistance 86.57
Upper Bollinger Band 85.43
Daily Stochastic Crossing 85.00
Price 84.87
20 Day Moving Average 83.98
Weekly Stochastic Crossing 83.90
Weekly Trendline Support 83.59
Parabolic System 82.51
Lower Bollinger Band 81.76
50 Day Moving Average 81.32
Monthly Trendline Support 72.84
Monthly Trendline Resistance 71.60
Sector and Industry
Description Name Rank
Sector Services 5
Industry Wholesale Other 72
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 82.29
Low Date 11/21/2019
High 85.33
High Date 11/27/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 86.57
Support 83.59
Low 74.85
Low Date 10/03/2019
High 85.33
High Date 11/27/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 71.60
Support 72.84
High 92.98
High Date 07/26/2019
Low 74.85
Low Date 10/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.36
Low Date 12/26/2018
High 92.98
High Date 07/26/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.63
Support 58.37
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.

Copyright© 2004-2018 All rights reserved.