DISCA Forecast and Technical Stock Analysis
Sell candidate since 2020-01-21 Gain 0.19% PDF
Discovery Communications gained 0.19% in the last trading day ( Wednesday, 22nd Jan 2020 ), rising from $31.97 to $32.03 During the day the stock fluctuated 1.68% from a day low at $31.93 to a day high of $32.46. The price has risen in 6 of the last 10 days , but is still down by -0.12% for this period. Volume fell in the last day by -0.89 million shares and in total, 2.37 million shares bought and sold for approximately $75.82 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the DISCA stock price was $33.48 and low was $31.46.
- 90 day high was $33.66 and low was $26.54.
- 52 week high for Discovery Communications - $33.66 and low - $25.08.
Discovery Communications lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $31.31 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.23% during the next 3 months and, with 90% probability hold a price between $36.08 and $41.79 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday January 21, 2020, which indicates further gains 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Discovery Communications holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $32.16 and $32.36. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 39 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 behaviour.
Support & Resistance
Discovery Communications finds support from accumulated volume at $31.03.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.54 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.75 %Average volatility
Very Low Low Medium High Very High
The Discovery Communications stock holds several negative signals and despite the positive trend we believe Discovery Communications will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate candidate.
|DISCA $32.03 ($0.06 0.19%)|
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