Discovery Holding Co
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|It was a second consecutive positive week for the Discovery Holding Co (DISCA). During the week, the DISCA gained 0.93 points, or 2.91%, and closed at 32.93 on Friday, October 05, 2018. Weekly volume was -7% below average. |
DISCA is a member of Services Sector. Services 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 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 Wedge chart pattern. The downtrend resistance line (11.10) 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. DISCA 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 long-term trend.
Medium-term trend: [See DISCA medium-term trend chart]
A medium-term uptrend had started on May 31, 2018 at 20.60 and reached 34.05 on October 5, 2018. DISCA gained -13.45 points, or -65.29%, in 18 weeks. The price is now at the 8.33% retracement level.
Weekly Technical Indicators: [See DISCA weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly 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 weekly MACD line is above its signal line since June 8, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See DISCA short-term trend chart]
A short-term uptrend had started on September 18, 2018 at 30.75 and reached 34.05 on October 5, 2018. DISCA gained -3.30 points, or -10.73%, in 17 days. The price is now at the 33.94% retracement level.
Daily Technical Indicators: [See DISCA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.