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Discovery Communications Stock Forecast NASDAQ:DISCA

$24.72 (-1.79%)

Volume: 3M

Closed: Nov 26, 2021

Hollow Logo Score: -3.615

Discovery Communications Stock Forecast

$24.72 (-1.79%)

Volume: 3M

Closed: Nov 26, 2021

Score Hollow Logo -3.615
Which way will DISCA go? Request
Key Stats
P/E Ratio 13.15
Beta 0.14
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 37 and the stock is currently not being overbought or oversold

Red day on Friday for Discovery Communications
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-18 Loss -7.93%

The Discovery Communications stock price fell by -1.79% on the last day (Friday, 26th Nov 2021) from $25.17 to $24.72. and has now fallen 4 days in a row. During the day the stock fluctuated 2.80% from a day low at $24.14 to a day high of $24.82. The price has fallen in 8 of the last 10 days and is down by -12.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -436 thousand shares and in total, 3 million shares were bought and sold for approximately $82.87 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.21% during the next 3 months and, with a 90% probability hold a price between $21.78 and $26.53 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Discovery Communications stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.84 and $25.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -12.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Discovery Communications finds support from accumulated volume at $24.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.68 between high and low, or 2.80%. For the last week, the stock has had a daily average volatility of 4.37%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Discovery Communications stock A Buy?

Discovery Communications holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.615

Predicted Opening Price for Discovery Communications of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$24.56 $24.72 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 08, 2021 "Macquarie" gave "$33.00 - $40.00" rating for DISCA. The price target was changed from $26.38 to 0.5%.

Volatility and Risk
Daily Average Volatility: 4.37 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.37 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $25.26
Price: $24.72
Support: $24.58

DISCA Insider Trading Show all Trades

INSIDER POWER

1.678

Last 100 transactions
Buy: 16 414 889 | Sell: 9 781 250 (Shares)
Date Action Amount Person Type
May 27, 2021 Sell 416 667 Advance Long-term Management Trust Call option (obligation to sell)
May 27, 2021 Sell 416 667 Advance Long-term Management Trust Put option (right to sell)
May 27, 2021 Sell 20 Bennett Robert R Series B Common Stock
May 26, 2021 Sell 416 667 Advance Long-term Management Trust Call option (obligation to sell)
May 26, 2021 Sell 416 667 Advance Long-term Management Trust Put option (right to sell)
Show all Insider Trades
INSIDER POWER

1.678

Last 100 transactions
Buy: 16 414 889 | Sell: 9 781 250 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 25.23 2.08 %
24.98 1.03 %
24.82 0.39 %
Current price: 24.72
Support 24.30 -1.70 %
24.14 -2.34 %
23.88 -3.38 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 26.15 5.78 %
25.60 3.56 %
25.26 2.18 %
Current price 24.72
Support 24.58 -0.57%
24.55 -0.69%
23.60 -4.53%

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About Discovery Communications

Discovery Communications Discovery Communications, Inc. operates as a media company worldwide. It operates through U.S. Networks; International Networks; and Education and Other segments. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey Network, Eurosport, DMAX, and Discovery Kids brand... Read more

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