Discovery Holding Co
Move cursor over the icon to see details.
|It was a first positive week for the Discovery Holding Co (DISCA). During the week, the DISCA gained 0.37 points, or 1.35%, and closed at 27.87 on Friday, July 06, 2018. Weekly volume was -42% 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 (12.51) 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 28.78 on June 28, 2018. DISCA gained -8.18 points, or -39.71%, in 4 weeks. The price is now at the 11.12% retracement level.
Weekly Technical Indicators: [See DISCA weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access 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 downtrend had started on June 28, 2018 at 28.78 and reached 27.07 on July 5, 2018. DISCA lost 1.71 points, or 5.94%, in 7 days. The price is now at the 46.78% retracement level.
Daily Technical Indicators: [See DISCA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.