Discovery Communications (Class B) Technical Analysis (NASDAQ:DISCB)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The DISCB stock chart pattern can give those who understand technical analysis an indication of which way DISCB stock is headed, but cannot predict with 100% certainty as to what can happen to the Discovery Communications stock price.
See Discovery Communications bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Discovery Communications stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Discovery Communications Moving Average
Moving averages help predict the price direction of DISCB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $31.35 is above the last closing price of $31.16 and the 50 day moving average of $26.24 is below the last closing price of $31.16. The 10 and 20 day periods can predict short term moving average trends.
Discovery Communications Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Discovery Communications . The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower 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 indicator is above 0 indicating a bullish trend.
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. The relative strength index of DISCB stock is 27.59.