The Greedy Trader Weekly Analysis
Sign In Dec 8, 2017
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Falling Channel
Number of records: 6
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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 Communications
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Stochastic signal line moved above oversold areaBroken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Discovery Communications (DISCK). During the week, the DISCK gained 1.94 points, or 11.79%, and closed at 18.40 on Friday, December 01, 2017. Weekly volume was 150% above average.

Long-term trend: [See DISCK long-term trend chart]
A long-term downtrend had started on July 17, 2014 at 85.32 and reached 14.99 on November 15, 2017. DISCK lost 70.33 points, or 82.43%, in 173 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (15.44) 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. DISCK 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 DISCK medium-term trend chart]
A medium-term downtrend had started on April 24, 2017 at 29.18 and reached 14.99 on November 15, 2017. DISCK lost 14.19 points, or 48.63%, in 29 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DISCK weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 weekly MACD line is below its signal line since April 28, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See DISCK short-term trend chart]
A short-term uptrend had started on November 27, 2017 at 16.13 and reached 18.45 on December 1, 2017. DISCK gained -2.32 points, or -14.38%, in 4 days. Price is near the trend high.

Daily Technical Indicators: [See DISCK daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since November 16, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.92
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 93.65
Strong Overbought
Greed/Fear Indicator (GFI) 84.77
Overbought
Moving Average Converg./Diverg. (MACD) -0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.74
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 20.17
Greed/Fear Indicator (GFI) 30.21
Moving Average Converg./Diverg. (MACD) -2.01
Trading Signals
Description Value Chart
Upper Bollinger Band 18.65
Daily Stochastic Crossing 18.41
Price 18.40
50 Day Moving Average 18.02
Yearly Trendline Resistance 17.22
Parabolic System 16.72
20 Day Moving Average 16.41
Weekly Stochastic Crossing 16.25
Yearly Trendline Support 15.44
Lower Bollinger Band 15.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.13
Low Date 11/27/2017
High 18.45
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.13
Low Date 11/27/2017
High 18.45
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.99
Low Date 11/15/2017
High 18.45
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.18
High Date 04/24/2017
Low 14.99
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 17.22
Support 15.44
High 85.32
High Date 07/17/2014
Low 14.99
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.

Copyright© 2004-2016 All rights reserved.