Discovery Communicatications Technical Analysis (NASDAQ:DISCK)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. Just by looking at the Discovery Communicatications 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 DISCK stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Discovery Communicatications. The technical analysis form of Discovery Communicatications 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 Communicatications Moving Average:
Moving averages show the average price of DISCK stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for DISCK trend identification. A rising moving average shows that stock prices are generally increasing.
Discovery Communicatications Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Discovery Communicatications stock price relative to previous trades. Currently the stock price of $20.36 is in the lower range of Discovery Communicatications bollinger bands.
Discovery Communicatications 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 Communicatications MACD indicator is below 0 indicating a bearish trend.
Discovery Communicatications Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of DISCK stock is 49.08. .