The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 8
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 Communications
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageMACD bullish divergenceThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Discovery Communications (DISCK). During the week, the DISCK dropped -0.77 points, or -3.09%, and closed at 24.17 on Friday, August 10, 2018. Weekly volume was -51% below 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 Rising Pennant chart pattern. The downtrend resistance line (23.26) is broken. A broken support is considered to be a long-term bullish signal. 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. The chart has formed a Rising Pennant chart pattern. The downtrend resistance line (23.26) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

Weekly Technical Indicators: [See DISCK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 8, 2018. The distance between MACD and the signal line is low and getting smaller. 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 March 29, 2018 at 19.08 and reached 26.64 on June 22, 2018. DISCK gained -7.56 points, or -39.62%, in 85 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 19.45 and resistance is at 30.12. A Broadening Ascending 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See DISCK daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

The daily MACD line is below its signal line since July 2, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.96% on Friday. It is 67.31% lower than one year average. It indicates the period of low 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 44.96
Williams' Percentage Range (W%R) 54.20
Lane's Stochastic (%D-Slow) 57.78
Greed/Fear Indicator (GFI) 49.51
Moving Average Converg./Diverg. (MACD) -0.06 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.00
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 72.56
Greed/Fear Indicator (GFI) 64.74
Moving Average Converg./Diverg. (MACD) 0.72
Trading Signals
Description Value Chart
Monthly Trendline Resistance 27.07
Weekly Stochastic Crossing 25.45
Upper Bollinger Band 25.20
Parabolic System 25.00
50 Day Moving Average 24.45
20 Day Moving Average 24.45
Price 24.17
Daily Stochastic Crossing 24.06
Lower Bollinger Band 23.77
Yearly Trendline Support 23.26
Quarterly Trendline Support 23.26
Quarterly Trendline Resistance 23.16
Yearly Trendline Resistance 23.16
Weekly Trendline Support 19.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.64
High Date 06/22/2018
Low 22.87
Low Date 08/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 30.12
Support 19.45
Low 19.08
Low Date 03/29/2018
High 26.64
High Date 06/22/2018
Description Value
Direction Up
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 27.07
Support 18.39
Low 14.99
Low Date 11/15/2017
High 26.64
High Date 06/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 23.16
Support 23.26
High 29.18
High Date 04/24/2017
Low 14.99
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 23.16
Support 23.26
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.

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