The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Discovery Holding Co
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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :Price has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the Discovery Holding Co (DISCA). During the week, the DISCA gained 0.87 points, or 3.76%, and closed at 24.03 on Friday, May 11, 2018. Weekly volume was 58% above average.

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 (13.34) 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 November 15, 2017 at 15.99 and reached 26.67 on February 27, 2018. DISCA gained -10.68 points, or -66.79%, in 14 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 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 DISCA short-term trend chart]
A short-term downtrend had started on May 8, 2018 at 24.80 and reached 22.20 on May 10, 2018. DISCA lost 2.60 points, or 10.48%, in 2 days. The price is now at the 70.38% retracement level.

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

The daily MACD line is below its signal line since May 2, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.66% on Friday. It is 50.87% 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 52.26
Williams' Percentage Range (W%R) 36.90
Lane's Stochastic (%D-Slow) 39.94
Greed/Fear Indicator (GFI) 51.76
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.97
Williams' Percentage Range (W%R) 48.00
Lane's Stochastic (%D-Slow) 48.07
Greed/Fear Indicator (GFI) 50.18
Moving Average Converg./Diverg. (MACD) 0.18
Trading Signals
Description Value Chart
Parabolic System 24.62
Upper Bollinger Band 24.29
Price 24.03
20 Day Moving Average 23.55
Daily Stochastic Crossing 23.20
50 Day Moving Average 23.14
Weekly Stochastic Crossing 22.98
Lower Bollinger Band 22.43
Sector and Industry
Description Name Rank
Sector Services 6
Industry CATV Systems 20
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 24.80
High Date 05/08/2018
Low 22.20
Low Date 05/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.98
Low Date 03/26/2018
High 24.80
High Date 05/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.67
High Date 02/27/2018
Low 20.98
Low Date 03/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.99
Low Date 11/15/2017
High 26.67
High Date 02/27/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 10.81
Support 13.34
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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