DISCOVERY INC - A (DISCA) Stock Technical Analysis
NASDAQ:DISCA - Nasdaq - Common Stock
Overall DISCA gets a technical rating of 1 out of 10. DISCA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DISCA is a bad performer in the overall market: 83% of all stocks are doing better.
DISCA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so DISCA is lagging the market.
In the last month DISCA has a been trading in the 22.50 - 27.66 range, which is quite wide. It is currently trading near the lows of this range.
DISCA has an average volume of 8896410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DISCA is an average performer in the Media industry, it outperforms 40% of 98 stocks in the same industry.
Volume is considerably higher in the last couple of days.
The technical rating of DISCA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.04
31.51
We found 3 important support areas.
- Support @24.10 from a trend line in the weekly time frame.
- Support @23.28 from a horizontal line in the weekly time frame.
- Support @22.26 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 25.49 to 25.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 27.03 to 27.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.33 from a trend line in the daily time frame.
- Resistance @31.20 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DISCA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DISCA is down. |
| ChartMill Relative Strength | 17.25 | NEGATIVE | DISCA has a low relative strength, it was outperformed by 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DISCA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DISCA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DISCA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.26 | NEUTRAL | The RSI value for DISCA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests DISCA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.68 | NEUTRAL | The Stochastics value for DISCA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for DISCA suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.43
+1.36 (+5.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg5.9%
1 Week-2.36%
2 Weeks-10.68%
1 Month1.83%
3 Month-18.73%
6 Month-5.64%
12 Month-41.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.23
ATR(20)%4.87%
ATR Inc42.84%
Range Today1.73
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.25
Mansfield-1.51
10 Day High27.35
10 Day Low22.5
20 Day High27.66
20 Day Low22.5
52 Week High42.48
52 Week Low21.66
CS1 End24.1
CR1 Start25.49
Volume & EV
DER(3)-0.11%
DER(5)-0.2%
Volume22.36M
Volume Incr96.47%
Vol(5)13.99M
Vol(50)8.90M