The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Channel
Number of records: 3
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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 :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergence
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second consecutive positive week for the Discovery Communications (DISCK). During the week, the DISCK gained 0.57 points, or 1.96%, and closed at 29.71 on Friday, November 09, 2018. Weekly volume was -33% 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 Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See DISCK medium-term trend chart]
A medium-term uptrend had started on March 29, 2018 at 19.08 and reached 31.55 on November 8, 2018. DISCK gained -12.47 points, or -65.36%, in 32 weeks. The price is now at the 14.76% retracement level.

Weekly Technical Indicators: [See DISCK 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish 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. Use the following links to access Lane's Stochastic and 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. 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 October 24, 2018 at 27.05 and reached 31.55 on November 8, 2018. DISCK gained -4.50 points, or -16.64%, in 15 days. The price is now at the 40.89% retracement level.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.04
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 76.42
Greed/Fear Indicator (GFI) 65.19
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.38
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 69.08
Bearish
Greed/Fear Indicator (GFI) 71.19
Moving Average Converg./Diverg. (MACD) 1.62 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 31.37
Daily Stochastic Crossing 30.72
Weekly Stochastic Crossing 30.10
Price 29.71
20 Day Moving Average 29.33
Parabolic System 29.27
50 Day Moving Average 28.90
Lower Bollinger Band 27.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.05
Low Date 10/24/2018
High 31.55
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.87
Low Date 08/07/2018
High 31.55
High Date 11/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.08
Low Date 03/29/2018
High 31.55
High Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.99
Low Date 11/15/2017
High 31.55
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status
Resistance
Support
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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