DISCOVER FINANCIAL SERVICES - Daily - Technical analysis published on 11/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 82.27 USD
My targets
84.76 USD (+0.49%)
92.91 USD (+10.15%)
My analysis
DISCOVER FINANCIAL SERVICES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 82.27 USD. The next resistance located at 84.76 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 92.91 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DISCOVER FINANCIAL SERVICES rating is 84.35 USD. The price registered an increase of +1.41% on the session and was traded between 83.78 USD and 85.26 USD over the period. The price is currently at +0.68% from its lowest and -1.07% from its highest.83.78
85.26
84.35
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of DISCOVER FINANCIAL SERVICES in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 76.80 | 79.99 | 82.27 | 84.35 | 84.76 | 92.91 |
| Change (%) | -8.95% | -5.17% | -2.47% | - | +0.49% | +10.15% |
| Change | -7.55 | -4.36 | -2.08 | - | +0.41 | +8.56 |
| Level | Major | Major | Minor | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.59 | 82.14 | 82.66 | 83.21 | 83.73 | 84.28 | 84.80 |
| Camarilla | 82.89 | 82.98 | 83.08 | 83.18 | 83.28 | 83.38 | 83.47 |
| Woodie | 81.58 | 82.13 | 82.65 | 83.20 | 83.72 | 84.27 | 84.79 |
| Fibonacci | 82.14 | 82.55 | 82.80 | 83.21 | 83.62 | 83.87 | 84.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.47 | 78.49 | 80.11 | 81.13 | 82.75 | 83.77 | 85.39 |
| Camarilla | 80.99 | 81.24 | 81.48 | 81.72 | 81.96 | 82.20 | 82.45 |
| Woodie | 77.76 | 78.64 | 80.40 | 81.28 | 83.04 | 83.92 | 85.68 |
| Fibonacci | 78.49 | 79.50 | 80.13 | 81.13 | 82.14 | 82.77 | 83.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.15 | 71.00 | 75.63 | 79.48 | 84.11 | 87.96 | 92.59 |
| Camarilla | 77.93 | 78.71 | 79.48 | 80.26 | 81.04 | 81.82 | 82.59 |
| Woodie | 67.54 | 71.20 | 76.02 | 79.68 | 84.50 | 88.16 | 92.98 |
| Fibonacci | 71.00 | 74.24 | 76.24 | 79.48 | 82.72 | 84.72 | 87.96 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.63 | |
| MACD (12,26,9): | 0.8600 | |
| Directional Movement: | 18.18 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 81.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.77 | |
| Elder Ray (13): | 2.95 | |
| Super Trend (3,10): | 79.50 | |
| Zig ZAG (10): | 84.35 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 87.74 | |
| TEMA (21): | 82.96 | |
| Williams %R (14): | -13.87 | |
| Chande Momentum Oscillator (20): | 3.91 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 9.41 |
| MA7: | 82.14 | |
| MA20: | 80.28 | |
| MA50: | 80.75 | |
| MA100: | 81.09 | |
| MAexp7: | 82.48 | |
| MAexp20: | 81.04 | |
| MAexp50: | 80.66 | |
| MAexp100: | 79.95 | |
| Price / MA7: | +2.69% | |
| Price / MA20: | +5.07% | |
| Price / MA50: | +4.46% | |
| Price / MA100: | +4.02% | |
| Price / MAexp7: | +2.27% | |
| Price / MAexp20: | +4.08% | |
| Price / MAexp50: | +4.57% | |
| Price / MAexp100: | +5.50% |
News
Don"t forget to follow the news on DISCOVER FINANCIAL SERVICES. At the time of publication of this analysis, the latest news was as follows:
- AsiaPay and Discover Global Network extend acceptance in Asia
- Discover Financial Services Reports Third Quarter Net Income of $770 Million or $2.36 Per Diluted Share
- Discover to Reward Cardmembers Throughout Holiday Season
- Discover Financial Services Declares Quarterly Dividend for Common Stock
- Discover Works With Windcave to Increase Cardholder Acceptance in New Zealand
This member declared not having a position on this financial instrument or a related financial instrument.
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