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Downtrend Broken Resist.Archive
- 1/3/2025 -
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Discover Fincl. Svcs. (DFS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Discover Fincl. Svcs. (DFS). During the week, the DFS climbed 1.50 points, or 0.86%, and closed at 176.10 on Friday, January 3, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was -53% below average.
DFS is a member of Financials Sector. Financials is the 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 188.30 on November 6, 2024. DFS gained -109.26 points, or -138.23%, in 53 weeks. The price is now at the 11.17% retracement level.
Medium-term trend: [See DFS medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 122.37 and reached 188.30 on November 6, 2024. DFS gained -65.93 points, or -53.88%, in 13 weeks. The price is now at the 18.50% retracement level.
 Weekly Technical Indicators: [See DFS weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and 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 Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 4, 2024. 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 November 6, 2024 at 188.30 and reached 167.30 on December 18, 2024. DFS lost 21.00 points, or 11.15%, in 42 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 164.52 and resistance is at 180.74. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See DFS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 27, 2024. 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.
The distance between the Bollinger Bands is falling, and it was 6.09% on Friday. It is 52.43% 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.
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