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 Communications
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Summary:
Weekly :
Daily :The price touches the upper Bollinger BandThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the Discovery Communications (DISCK). During the week, the DISCK gained 0.96 points, or 4.39%, and closed at 22.84 on Friday, May 11, 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 Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 17.98 and resistance is at 25.29. A Broadening Descending 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, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern 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 Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 17.98 and resistance is at 25.29. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge 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. The distance between MACD and the signal line is low, but getting bigger. 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 price is now at the 12.15% retracement level.

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

The daily MACD line is above its signal line since May 10, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 8.06% on Friday. It is 51.25% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.46
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 43.92
Greed/Fear Indicator (GFI) 57.50
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.17
Williams' Percentage Range (W%R) 43.00
Lane's Stochastic (%D-Slow) 51.02
Greed/Fear Indicator (GFI) 52.81
Moving Average Converg./Diverg. (MACD) 0.03
Trading Signals
Description Value Chart
Monthly Trendline Resistance 25.29
Yearly Trendline Resistance 25.29
Quarterly Trendline Resistance 25.29
Parabolic System 23.20
Upper Bollinger Band 22.85
Price 22.84
20 Day Moving Average 22.08
Daily Stochastic Crossing 22.02
Weekly Stochastic Crossing 21.50
50 Day Moving Average 21.49
Lower Bollinger Band 21.01
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
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 Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 25.29
Support 17.98
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 Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 25.29
Support 17.98
High 29.18
High Date 04/24/2017
Low 14.99
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 25.29
Support 17.98
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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