The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 10
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
Archive
- 5/18/2018
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Discovery Communications
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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Discovery Communications (DISCK). During the week, the DISCK dropped -1.42 points, or -6.22%, and closed at 21.42 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was 32% 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 trend support level is at 18.17 and resistance is at 22.91. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See DISCK medium-term trend chart]
A medium-term uptrend had started on November 15, 2017 at 14.99 and reached 25.27 on February 27, 2018. DISCK gained -10.28 points, or -68.58%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 18.17 and resistance is at 22.91. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 April 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 23.36 on May 8, 2018. DISCK gained -4.28 points, or -22.43%, in 40 days. The chart has formed a Falling Pennant chart pattern.

Daily Technical Indicators: [See DISCK daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below 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.

Price is close to the 50 Day Moving Average. 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) 44.61
Williams' Percentage Range (W%R) 69.70
Lane's Stochastic (%D-Slow) 40.26
Greed/Fear Indicator (GFI) 38.39
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.13
Williams' Percentage Range (W%R) 56.90
Lane's Stochastic (%D-Slow) 58.83
Greed/Fear Indicator (GFI) 49.82
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Yearly Trendline Resistance 22.91
Monthly Trendline Resistance 22.91
Upper Bollinger Band 22.83
Parabolic System 22.63
20 Day Moving Average 22.16
Weekly Stochastic Crossing 21.78
Daily Stochastic Crossing 21.72
Price 21.42
50 Day Moving Average 21.41
Lower Bollinger Band 21.04
Yearly Trendline Support 18.17
Monthly Trendline Support 18.17
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Low 19.08
Low Date 03/29/2018
High 23.36
High Date 05/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.27
High Date 02/27/2018
Low 19.08
Low Date 03/29/2018
Description Value
Direction Up
Chart Pattern Falling Channel
Status Valid
Resistance 22.91
Support 18.17
Low 14.99
Low Date 11/15/2017
High 25.27
High Date 02/27/2018
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 Valid
Resistance 22.91
Support 18.17
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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