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Archive
- 3/21/2025 -
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Discover Fincl. Svcs. (DFS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Discover Fincl. Svcs. (DFS). During the week, the DFS climbed 0.50 points, or 0.30%, and closed at 164.80 on Friday, March 21, 2025. Weekly volume was 163% above average.
DFS is a member of Financials Sector. Financials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DFS long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 79.04 and reached 205.80 on January 30, 2025. DFS gained -126.76 points, or -160.37%, in 65 weeks. The price is now at the 32.34% retracement level.
 Medium-term trend: [See DFS medium-term trend chart]
A medium-term downtrend had started on January 30, 2025 at 205.80 and reached 143.70 on March 17, 2025. DFS lost 62.10 points, or 30.17%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 137.03 and resistance is at 199.88. 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 medium-term trend.
 Weekly Technical Indicators: [See DFS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 February 19, 2025 at 203.60 and reached 143.70 on March 17, 2025. DFS lost 59.90 points, or 29.42%, in 26 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 132.19 and resistance is at 184.62. 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 short-term trend.
Daily Technical Indicators: [See DFS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since February 6, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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 163.94% higher then one year average. It indicates the period of high 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.
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