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Discovery Communications, Inc (DISCA) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Television Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017Bullish EngulfingBullish EngulfingMon, 02 Oct 2017-16.54%
***Stock database and scans are updated around midnight (New York time) every trading day.
17.97 0.00 (0%) Nov 28 4:00pm EST
Open: 17.44 Range: 17.23 - 17.98 Vol: 4.29M Avg Vol: 3.99M
EPS: 1.88 P/E ratio: 10.02 EBITDA: 2.48B Mkt Cap: 10.76B
Analyze "DISCA" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 17.60
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 17.37
Last Trade is below the 50 day moving average at 19.22
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 24.45
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of DISCA

Stock Trend Analysis - Buy, Sell or Hold "Discovery Communications, Inc" (DISCA)?

DISCA is in a long term downtrend and it has traded about 57% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 4M shares changing hands. The medium term trend for DISCA is extremely bearish and weak, having traded almost 89% of the time below the 50 day moving average. The 20 day moving average is also very weak as DISCA has been trading below its 20 SMA for 82.5% of the time in the last 8 weeks. DISCA may be overdue for a relief rally but it has to be noted that as DISCA is still in a downtrend characterized by the 200 SMA, currently at 24.45, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "DISCA".

The analyst consensus estimates for the 1 year price target for this stock is $24.68* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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