The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Discovery Communications
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Summary:
Weekly :Trend support at 27.19
Daily :The price has fallen below the Parabolic SARBearish Harami Candlestick
Move cursor over the icon to see details.

It was the negative week for the Discovery Communications (DISCK). During the week, the DISCK dropped -1.03 points, or -3.69%, and closed at 26.90 on Friday, December 07, 2018. Weekly volume was 59% 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 Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See DISCK medium-term trend chart]
A medium-term uptrend had started on March 29, 2018 at 19.08 and reached 31.55 on November 8, 2018. DISCK gained -12.47 points, or -65.36%, in 32 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (27.19) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

The weekly MACD line is below its signal line since November 16, 2018. Use the following link to access a MACD help.

Short-term trend: [See DISCK short-term trend chart]
A short-term downtrend had started on November 8, 2018 at 31.55 and reached 25.37 on December 3, 2018. DISCK lost 6.18 points, or 19.59%, in 25 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 24.46 and resistance is at 28.38. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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

The daily MACD line is below its signal line since November 12, 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.

Candlestick pattern: [See DISCK candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.82
Williams' Percentage Range (W%R) 74.10
Lane's Stochastic (%D-Slow) 35.33
Greed/Fear Indicator (GFI) 33.68
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.80
Williams' Percentage Range (W%R) 52.80
Lane's Stochastic (%D-Slow) 40.27
Greed/Fear Indicator (GFI) 45.00
Moving Average Converg./Diverg. (MACD) 1.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 31.77
Upper Bollinger Band 30.10
50 Day Moving Average 28.86
Parabolic System 28.68
Weekly Trendline Resistance 28.38
20 Day Moving Average 27.96
Weekly Stochastic Crossing 27.34
Monthly Trendline Support 27.19
Price 26.90
Daily Stochastic Crossing 26.38
Lower Bollinger Band 25.39
Weekly Trendline Support 24.46
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 25.37
Low Date 12/03/2018
High 27.40
High Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 28.38
Support 24.46
High 31.55
High Date 11/08/2018
Low 25.37
Low Date 12/03/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 31.77
Support 27.19
Low 19.08
Low Date 03/29/2018
High 31.55
High Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.99
Low Date 11/15/2017
High 31.55
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status
Resistance
Support
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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