The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Channel
Number of records: 4
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
Discovery Holding Co
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal line
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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.11
Williams' Percentage Range (W%R) 19.10
Overbought
Lane's Stochastic (%D-Slow) 30.45
Greed/Fear Indicator (GFI) 56.83
Moving Average Converg./Diverg. (MACD) 1.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.88
Williams' Percentage Range (W%R) 14.30
Overbought
Lane's Stochastic (%D-Slow) 76.96
Greed/Fear Indicator (GFI) 74.48
Moving Average Converg./Diverg. (MACD) 0.37
Trading Signals
Description Value Chart
Upper Bollinger Band 29.95
Parabolic System 28.44
Weekly Stochastic Crossing 27.89
Price 27.87
Daily Stochastic Crossing 27.57
20 Day Moving Average 26.88
50 Day Moving Average 24.44
Lower Bollinger Band 23.35
Sector and Industry
Description Name Rank
Sector Services 8
Industry CATV Systems 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.07
Low Date 07/05/2018
High 28.15
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.78
High Date 06/28/2018
Low 27.07
Low Date 07/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.60
Low Date 05/31/2018
High 28.78
High Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.99
Low Date 11/15/2017
High 28.78
High Date 06/28/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 8.04
Support 12.51
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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