The Greedy Trader Weekly Analysis
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Discovery Holding Co
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Summary:
Weekly :Overbought sectorBroken 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
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It was the negative week for the Discovery Holding Co (DISCA). During the week, the DISCA dropped -1.07 points, or -3.95%, and closed at 25.99 on Friday, August 10, 2018. It was the worst weekly loss since June 1, 2018. Weekly volume was -9% 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 (11.96) 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 28.78 on June 28, 2018. DISCA gained -8.18 points, or -39.71%, in 4 weeks. The price is now at the 34.11% retracement level.

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

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 downtrend had started on June 28, 2018 at 28.78 and reached 24.72 on August 7, 2018. DISCA lost 4.06 points, or 14.11%, in 40 days. The price is now at the 31.28% retracement level.

Daily Technical Indicators: [See DISCA 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. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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 6.93% on Friday. It is 60.29% 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) 43.36
Williams' Percentage Range (W%R) 57.30
Lane's Stochastic (%D-Slow) 50.25
Greed/Fear Indicator (GFI) 45.43
Moving Average Converg./Diverg. (MACD) -0.04 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.82
Williams' Percentage Range (W%R) 34.00
Lane's Stochastic (%D-Slow) 73.11
Greed/Fear Indicator (GFI) 64.75
Moving Average Converg./Diverg. (MACD) 0.86
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 27.53
Upper Bollinger Band 27.29
Parabolic System 27.14
20 Day Moving Average 26.36
50 Day Moving Average 26.26
Price 25.99
Daily Stochastic Crossing 25.82
Lower Bollinger Band 25.48
Sector and Industry
Description Name Rank
Sector Services 8
Industry CATV Systems 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.26
High Date 08/06/2018
Low 24.72
Low Date 08/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.78
High Date 06/28/2018
Low 24.72
Low Date 08/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.60
Low Date 05/31/2018
High 28.78
High Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.99
Low Date 11/15/2017
High 28.78
High Date 06/28/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 6.22
Support 11.96
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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