The Greedy Trader Weekly Analysis
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Discovery Holding Co
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
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It was a second consecutive positive week for the Discovery Holding Co (DISCA). During the week, the DISCA gained 0.67 points, or 2.07%, and closed at 32.98 on Friday, November 09, 2018. Weekly volume was -6% below average.

DISCA is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DISCA long-term trend chart]
A long-term downtrend had started on December 31, 2013 at 90.76 and reached 15.99 on November 15, 2017. DISCA lost 74.77 points, or 82.38%, in 202 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (10.56) 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 DISCA medium-term trend chart]
A medium-term uptrend had started on May 31, 2018 at 20.60 and reached 34.89 on November 8, 2018. DISCA gained -14.29 points, or -69.37%, in 23 weeks. The price is now at the 13.37% retracement level.

Weekly Technical Indicators: [See DISCA 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 DISCA short-term trend chart]
A short-term uptrend had started on October 24, 2018 at 29.79 and reached 34.89 on November 8, 2018. DISCA gained -5.10 points, or -17.12%, in 15 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DISCA 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) 48.32
Williams' Percentage Range (W%R) 33.70
Lane's Stochastic (%D-Slow) 78.52
Greed/Fear Indicator (GFI) 64.37
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.48
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 78.14
Bearish
Greed/Fear Indicator (GFI) 73.91
Moving Average Converg./Diverg. (MACD) 1.92 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 34.76
Daily Stochastic Crossing 34.05
Weekly Stochastic Crossing 33.79
Price 32.98
Parabolic System 32.60
20 Day Moving Average 32.39
50 Day Moving Average 31.62
Lower Bollinger Band 30.07
Sector and Industry
Description Name Rank
Sector Services 8
Industry CATV Systems 153
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 29.79
Low Date 10/24/2018
High 34.89
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.72
Low Date 08/07/2018
High 34.89
High Date 11/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.60
Low Date 05/31/2018
High 34.89
High Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.99
Low Date 11/15/2017
High 34.89
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 1.56
Support 10.56
High 90.76
High Date 12/31/2013
Low 15.99
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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