Discovery Communications Inc Forecast and Stock Analysis
Technical DISCB stock analysis for Friday May 24, 2019.
|Price to book||USD 1.99|
|Next Earnings Date||2019-08-01|
No changes to the price of Discovery Communications Inc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $33.00 to a day high of $33.00. The price has been going up and down for this period, and there has been a 3.06% gain for the last 2 weeks.
- 30 day high of the DISCB stock price was $40.14 and low was $27.80.
- 90 day high was $40.14 and low was $27.80.
- 52 week high for the Discovery Communications Inc - $40.50 and low - $25.45.
Discovery Communications Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.41% during the next 3 months and, with 90% probability hold a price between $31.23 and $45.13 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Discovery Communications Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $33.92. On a fall, the stock will find some support from the short-term average at $32.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
* 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.
Relative Strength Index (RSI)
RSI14 is 32 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $30.78 and $30.15.
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 $30.78. If this is broken, then the next support from accumulated volume will be at $30.15 and $27.80.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 5.95%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.95 %Average volatility
Very Low Low Medium High Very High
Discovery Communications Inc 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.
|Golden Star Signal|
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|DISCB $33.00 ($0.00 0.00%)|
DISCB is down $0.00 today, but where's it headed in 2019?
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