DFS.L Forecast and Technical Stock AnalysisHold candidate since 2019-07-17 Loss -1.59%
Discover Financial Services fell by -1.59% in the last day ( Thursday, 18th Jul 2019 ) from £2.51 to £2.47 During day the stock fluctuated 3.70% from a day low at £2.43 to a day high of £2.52. The price has risen in 5 of the last 10 days and is up by 2.07% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3 316 shares and in total 12 140 shares bought and sold for approximately £29 985.80.
- 30 day high of the DFS.L stock price was £2.59 and low was £2.28.
- 90 day high was £2.59 and low was £2.28.
- 52 week high for the Discover Financial Services - £235.00 and low - £1.78.
Discover Financial Services lies in the middle of a 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 -3.10% during the next 3 months and, with 90% probability hold a price between £2.29 and £2.44 at the end of this period.
Discover Financial Services holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £2.45 and £2.46. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 42 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Discover Financial Services finds support from accumulated volume at £2.46.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: £2.35 (-5.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
4.09 %Average volatility
Very Low Low Medium High Very High
Discover Financial Services holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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