Today DISCB ranks # as BUY CANDIDATE.
Today DISCB ranks # as BUY CANDIDATE.

DISCB stock Discovery Communications Inc

DISCB stock
Discovery Communications Inc

March 22, 2019
Change 12.90%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will DISCB stock price go up or down on Mon, 25 Mar 2019?

Discovery Communications Inc Forecast and Stock Analysis

Technical DISCB stock analysis for March 22, 2019.

Buy candidate since 2019-03-22
Shorts n/a
Cash n/a
Loans n/a
Beta 0.82
ROA 1.56

Discovery Communications Inc gained 12.90% in the last trading day, rising from $31.00 to $35.00 The price has been going up and down for this period, and there has been a 12.9% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 983 more shares were traded than the day before. In total, 983 shares bought and sold for approximately $34 405.00.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DISCB stock was $35.00. This is 12.9% more than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 0.00% from a day low at $35.00 to a day high of $35.00.

30 day high of the DISCB stock price was $35.00 and low was $30.00.
90 day high was $40.16 and low was $30.00.
52 week high for the Discovery Communications Inc - $48.85 and low - $25.45.

Trend

Discovery Communications Inc lies the upper part of a very wide and falling 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 $36.11 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.47% during the next 3 months and, with 90% probability hold a price between $25.45 and $31.96 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Discovery Communications Inc 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 $31.57 and $32.65. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 22, 2019, which indicates further gains until a new top pivot has been found. Discovery Communications Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

The stock had a Golden Star Signal* on Wednesday November 14, 2018 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $31.11 and $31.00.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Discovery Communications Inc finds support just below today's level at $31.11. If this is broken, then the next support from accumulated volume will be at $31.00 and $30.31.

Support: $31.11 Price: $35.00 Resistance: $37.00

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 $0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 0.00%.

Our recommended stoploss: $32.88 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 20 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Today DISCB ranks # as BUY CANDIDATE.
Today DISCB ranks # as BUY CANDIDATE.