Discovery Communications (Class A) Technical Analysis (NASDAQ:DISCA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Discovery Communications stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the DISCA stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Discovery Communications . Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Discovery Communications stock analysis.
Discovery Communications Moving Average
Moving averages show the DISCA stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $24.13 is below the last closing price of $28.12 and the 50 day moving average of $23.67 is below the last closing price of $28.12. The 10 and 20 day periods can predict short term moving average trends.
Discovery Communications Bollinger Bands
Bollinger bands comprise of a center line usually DISCA SMA, and two DISCA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Discovery Communications bollinger bands.
Discovery Communications Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Discovery Communications MACD line is below the signal line.
Discovery Communications Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 96.43 is the RSI value of DISCA stock.