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Yearly Pattern:Falling Channel
Number of records: 7
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Archive
- 12/8/2017
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Discovery Holding Co
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Summary:
Weekly :Trend support at 20.18
Daily :Stochastic has declined below the signal lineThe period of high volatility of the stock price
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It was a second consecutive positive week for the Discovery Holding Co (DISCA). During the week, the DISCA gained 0.20 points, or 1.03%, and closed at 19.66 on Friday, December 08, 2017. Weekly volume was 122% above average.

Long-term trend: [See DISCA long-term trend chart]
A long-term downtrend had started on December 31, 2013 at 90.76 and reached 15.99 on November 15, 2017. DISCA lost 74.77 points, or 82.38%, in 202 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (20.18) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See DISCA medium-term trend chart]
A medium-term downtrend had started on April 20, 2017 at 30.25 and reached 15.99 on November 15, 2017. DISCA lost 14.26 points, or 47.14%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 14.86 and resistance is at 24.16. 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 DISCA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 28, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DISCA short-term trend chart]
A short-term downtrend had started on December 4, 2017 at 20.98 and reached 19.03 on December 7, 2017. DISCA lost 1.95 points, or 9.29%, in 3 days. The price is now at the 32.31% retracement level.

Daily Technical Indicators: [See DISCA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since November 16, 2017.

The distance between the Bollinger Bands is 128.84% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.10
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 70.64
Greed/Fear Indicator (GFI) 68.36
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.08
Williams' Percentage Range (W%R) 71.00
Lane's Stochastic (%D-Slow) 32.23
Greed/Fear Indicator (GFI) 35.55
Moving Average Converg./Diverg. (MACD) -1.95
Trading Signals
Description Value Chart
Upper Bollinger Band 21.26
Yearly Trendline Support 20.18
Daily Stochastic Crossing 19.86
Price 19.66
Parabolic System 19.41
50 Day Moving Average 18.94
20 Day Moving Average 18.18
Weekly Stochastic Crossing 17.82
Lower Bollinger Band 16.23
Sector and Industry
Description Name Rank
Sector Services 7
Industry CATV Systems 23
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 20.98
High Date 12/04/2017
Low 19.03
Low Date 12/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.98
High Date 12/04/2017
Low 19.03
Low Date 12/07/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.99
Low Date 11/15/2017
High 20.98
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 24.16
Support 14.86
High 30.25
High Date 04/20/2017
Low 15.99
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 28.61
Support 20.18
High 90.76
High Date 12/31/2013
Low 15.99
Low Date 11/15/2017
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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