RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DFS.L
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Wednesday for Discover Financial Services stock after gaining 0.714%
(Updated on Mar 27, 2024)

Sell candidate since Mar 15, 2024 Gain 1.99% PDF

The Discover Financial Services stock price gained 0.714% on the last trading day (Wednesday, 27th Mar 2024), rising from £112.00 to £112.80. During the last trading day the stock fluctuated 2.70% from a day low at £111.00 to a day high of £114.00. The price has risen in 6 of the last 10 days and is up by 2.92% over the past 2 weeks. Volume fell on the last day by -431 thousand shares and in total, 72 thousand shares were bought and sold for approximately £8.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Discover Financial Services stock with a 90% probability to be traded between £105.01 and £124.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

DFS.L Signals & Forecast

There are mixed signals in the stock today. The Discover Financial Services stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £116.43. On a fall, the stock will find some support from the short-term average at £109.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.42%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Discover Financial Services stock

Discover Financial Services finds support from accumulated volume at £112.60 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 £3.00 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 4.80%.

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

Trading Expectations (DFS.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Discover Financial Services to open at £112.60, and during the day (based on 14 day Average True Range), to move between £107.13 and £118.47, which gives a possible trading interval of +/-£5.67 (+/-5.03%) up or down from last closing price. If Discover Financial Services takes out the full calculated possible swing range there will be an estimated 10.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £112.60 (0.18%) than the resistance at £117.00 (3.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Discover Financial Services stock A Buy?

Discover Financial Services holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.530 Sell Candidate Unchanged

Predicted Opening Price for Discover Financial Services of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£112.60 ( 0.177%) £112.80

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

Trading levels for DFS.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 115.60 2.48 %
R2 114.45 1.47 %
R1 113.75 0.84 %
Current price: 112.80
Support S1 111.45 -1.19 %
S2 110.75 -1.82 %
S3 109.60 -2.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 122.40 8.51 %
R2 118.60 5.14 %
R1 117.00 3.72 %
Current price 112.80
Support S1 112.60 -0.177%
S2 110.80 -1.77%
S3 110.60 -1.95%

DFS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 18, 2024 Apr 18, 2024 May 30, 2024 £1.10 0.98%
2 Apr 13, 2023 Apr 13, 2023 Apr 13, 2023 £1.50 1.14%
3 Sep 15, 2022 Dec 01, 2022 Dec 29, 2022 £3.70 2.39%
4 Mar 15, 2022 Apr 07, 2022 May 25, 2022 £10.00 6.02%
5 Sep 23, 2021 Nov 25, 2021 Dec 23, 2021 £7.50 3.05%

FAQ

What is the symbol for Discover Financial Services Stock and on which exchange is it traded?
The symbol for Discover Financial Services is DFS.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Discover Financial Services Stock?
Discover Financial Services holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Discover Financial Services Stock?
Discover Financial Services Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Discover Financial Services Stock.

What's the current price of Discover Financial Services Stock?
As of the end of day on the 2024-03-27, the price of an Discover Financial Services (DFS.L) share was £112.80.

What is the 52-week high and low for Discover Financial Services Stock?
The 52-week high for Discover Financial Services Stock is £154.80 and the 52-week low is £95.90.

What is the market capitalization of Discover Financial Services Stock?
As of the 2024-03-27, the market capitalization of Discover Financial Services is 259.556M.

When is the next earnings date for Discover Financial Services?
The upcoming earnings date for Discover Financial Services is Sep 15, 2024.
Click to get the best stock tips daily for free!

About Discover Financial Services

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails upholstered furniture in the United Kingdom and Europe. The company retails sofas under the DFS and Sofology brands; and modern furniture, lighting, and home accessories under the brand name. It also engages in the contract logistics business. It operates a network of 126 DFS showrooms, 50 Sofology stores, and 36 Dwell showrooms. The company also sells its products th... DFS.L Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT