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Discovery Communications Stock Forecast NASDAQ:DISCK

$23.20 (2.34%)

Volume: 7M

Closed: Dec 03, 2021

Hollow Logo Score: -3.742

Discovery Communications Stock Forecast

$23.20 (2.34%)

Volume: 7M

Closed: Dec 03, 2021

Score Hollow Logo -3.742
Which way will DISCK go? Request
Key Stats
Beta 0.49
* 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 25 and the stock is currently not being overbought or oversold

Discovery Communications stock price up 2.34% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-24 Loss -5.96%

The Discovery Communications stock price gained 2.34% on the last trading day (Friday, 3rd Dec 2021), rising from $22.67 to $23.20. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.85% from a day low at $22.47 to a day high of $23.34. The price has fallen in 7 of the last 10 days and is down by -11.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $155.62 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 -2.84% during the next 3 months and, with a 90% probability hold a price between $21.16 and $26.31 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 6.42%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Discovery Communications stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.33 and $24.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Discovery Communications finds support from accumulated volume at $22.71 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 $0.87 between high and low, or 3.85%. For the last week, the stock has had a daily average volatility of 5.58%.

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: -3.742

Predicted Opening Price for Discovery Communications of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$23.00 $23.20 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 03, 2021 "Morgan Stanley" gave "$39.00 - $34.00" rating for DISCK. The price target was changed from $25.62 to 6.2%.

Volatility and Risk
Daily Average Volatility: 5.58 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.58 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $25.69
Price: $23.20
Support: $22.71

DISCK Insider Trading Show all Trades

INSIDER POWER

0.463

Last 100 transactions
Buy: 12 483 268 | Sell: 26 964 870 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 25 000 Malone John C Series C Common Stock
Dec 01, 2021 Sell 120 000 Malone John C Series C Common Stock
Nov 30, 2021 Sell 119 957 Malone John C Series C Common Stock
Nov 30, 2021 Sell 200 043 Malone John C Series C Common Stock
Jul 01, 2021 Sell 21 942 Perrette Jean-briac Series A Common Stock
Show all Insider Trades
INSIDER POWER

0.463

Last 100 transactions
Buy: 12 483 268 | Sell: 26 964 870 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 23.87 2.87 %
23.54 1.45 %
23.33 0.57 %
Current price: 23.20
Support 22.67 -2.28 %
22.47 -3.16 %
22.14 -4.58 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 26.20 12.93 %
25.98 11.98 %
25.69 10.73 %
Current price 23.20
Support 22.71 -2.11%
22.67 -2.28%
21.80 -6.03%

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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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