The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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Discovery Holding Co
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtTrend resistance at 22.80Price is near the Fibonacci 38.2% retracement level
Daily :Price has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the Discovery Holding Co (DISCA). During the week, the DISCA dropped -1.20 points, or -5.04%, and closed at 22.61 on Friday, February 09, 2018. Weekly volume was 60% above average.

DISCA is a member of Services Sector. Services is the 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 Channel chart pattern. The price is near the trend resistance line (22.80). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 26.50 on January 22, 2018. DISCA gained -10.51 points, or -65.73%, in 9 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DISCA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 8, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 January 22, 2018 at 26.50 and reached 21.37 on February 9, 2018. DISCA lost 5.13 points, or 19.36%, in 18 days. Price is near the Fibonacci 23.6% 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 January 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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) 25.84
Williams' Percentage Range (W%R) 71.70
Lane's Stochastic (%D-Slow) 22.53
Greed/Fear Indicator (GFI) 25.55
Moving Average Converg./Diverg. (MACD) 0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.44
Williams' Percentage Range (W%R) 35.00
Lane's Stochastic (%D-Slow) 82.28
Overbought
Greed/Fear Indicator (GFI) 68.97
Moving Average Converg./Diverg. (MACD) -0.62
Trading Signals
Description Value Chart
Upper Bollinger Band 26.28
Weekly Stochastic Crossing 25.21
20 Day Moving Average 24.75
Parabolic System 24.22
Yearly Trendline Resistance 22.80
50 Day Moving Average 22.75
Price 22.61
Daily Stochastic Crossing 22.55
Lower Bollinger Band 21.58
Yearly Trendline Support 20.13
Sector and Industry
Description Name Rank
Sector Services 9
Industry CATV Systems 139
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.13
High Date 01/25/2018
Low 21.37
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.50
High Date 01/22/2018
Low 21.37
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.99
Low Date 11/15/2017
High 26.50
High Date 01/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.25
High Date 04/20/2017
Low 15.99
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 22.80
Support 20.13
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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