Weaker Buy Today DFS.L ranks #74 as BUY CANDIDATE. Stronger Buy
Today DFS.L ranks #74 as BUY CANDIDATE.

DFS.L stock Discover Financial Services

DFS.L stock
Discover Financial Services

April 18, 2019
Change 1.78%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will DFS.L stock price go up or down on Tue, 23 Apr 2019?

Discover Financial Services Forecast and Stock Analysis

Technical DFS.L stock analysis for April 18, 2019.

Buy candidate since 2019-03-27 Gain 5.76%
Shorts 2.30% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.60
ROA 2.57

Discover Financial Services gained 1.78% in the last trading day, rising from £252.50 to £257.00 The price has risen in 6 of the last 10 days and is up by 3.84% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.17 million more shares were traded than the day before. In total, 1.79 million shares bought and sold for approximately £459.60 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the DFS.L stock was £257.00. This is 1.78% more than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 1.58% from a day low at £253.50 to a day high of £257.50.

30 day high of the DFS.L stock price was £257.50 and low was £237.50.
90 day high was £257.50 and low was £215.00.
52 week high for the Discover Financial Services - £257.50 and low - £175.20.

Trend

Discover Financial Services lies in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £257.85 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 9.3% during the next 3 months and, with 90% probability hold a price between £261.70 and £281.83 at the end of this period.

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Signals

Only positive signals in the chart today. Discover Financial Services holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £250.79 and £243.63. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday April 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Thursday April 11, 2019 with a target of £255.83. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Discover Financial Services finds support from accumulated volume at £252.50.

Support: £252.50 Price: £257.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £4.00 (1.58%) between high and low. For the last week, the stock has had a daily average volatility of 1.77%.

Our recommended stoploss: £244.68 (-4.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Discover Financial Services holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today DFS.L ranks #74 as BUY CANDIDATE. Stronger Buy
Today DFS.L ranks #74 as BUY CANDIDATE.