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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 0.20 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.