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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Discover Fincl. Svcs. (DFS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Discover Fincl. Svcs. (DFS). During the week, the DFS gained 5.41 points, or 2.93%, and closed at 190.31 on Friday, May 2, 2025. Weekly volume was 26% above average.
DFS is a member of Financials Sector. Financials 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 DFS long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 79.04 and reached 205.80 on January 30, 2025. DFS gained -126.76 points, or -160.37%, in 65 weeks. The price is now at the 12.22% retracement level.
 Medium-term trend: [See DFS medium-term trend chart]
A medium-term downtrend had started on January 30, 2025 at 205.80 and reached 139.90 on April 7, 2025. DFS lost 65.90 points, or 32.02%, in 9 weeks. The price is now at the 76.49% retracement level.
 Weekly Technical Indicators: [See DFS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See DFS short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 139.90 and reached 191.83 on May 2, 2025. DFS gained -51.93 points, or -37.12%, in 25 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 181.98 and resistance is at 196.09. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See DFS daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily 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 daily 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 8, 2025. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 106.60% higher then one year average. It indicates the period of high 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.
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