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.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Discover Fincl. Svcs. (DFS) Technical Analysis

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Summary:
Weekly :
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Discover Fincl. Svcs. (DFS). During the week, the DFS gained 25.27 points, or 15.83%, and closed at 184.90 on Friday, April 25, 2025. Weekly volume was 116% above average.

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 16.49% 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 139.90 on April 7, 2025. DFS lost 65.90 points, or 32.02%, in 9 weeks. The price is now at the 68.29% retracement level.

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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 7, 2025 at 139.90 and reached 189.00 on April 25, 2025. DFS gained -49.10 points, or -35.10%, in 18 days. The price is now at the 8.35% retracement level.

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. 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 above its signal line since April 8, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.59
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 86.25
Overbought
Greed/Fear Indicator (GFI) 84.72
Overbought
Moving Average Converg./Diverg. (MACD) -1.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.96
Williams' Percentage Range (W%R) 29.00
Lane's Stochastic (%D-Slow) 37.48
Greed/Fear Indicator (GFI) 51.91
Moving Average Converg./Diverg. (MACD) 6.98
Trading Signals
Description Value Chart
Upper Bollinger Band 190.59
Daily Stochastic Crossing 185.39
Price 184.90
50 Day Moving Average 171.90
20 Day Moving Average 164.68
Weekly Stochastic Crossing 161.27
Parabolic System 159.40
Lower Bollinger Band 146.02
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Consumer Finance 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 152.30
Low Date 04/11/2025
High 189.00
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 139.90
Low Date 04/07/2025
High 189.00
High Date 04/25/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 205.80
High Date 01/30/2025
Low 139.90
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.04
Low Date 10/27/2023
High 205.80
High Date 01/30/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.73
Low Date 03/06/2009
High 205.80
High Date 01/30/2025
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.