DISCK dominated by bulls lifting the market higher throughout the day


Discovery Communications-C (DISCK) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
DISCK rallies 4.36% closing $1.01 higher
DISCK dominated by bulls lifting the market higher throughout the day
DISCK closes higher for the 10th day in a row
DISCK ends the day on a bullish note closing near the high of the day
DISCK pushes through previous session high
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

Moving higher for the 10th day in a row, DISCK finished Thursday at 24.15 surging $1.01 (4.36%). This is the biggest single day gain in over a month. Today's closing price of 24.15 marks the highest close since February 27th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 23.95, the share confirms its breakout through the prior session's high having traded $0.23 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for DISCK
Volatility

Thursday's trading range was $0.84 (3.6%), that's above last trading month's daily average range of $0.69. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Trend

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

With prices trading close to this year's high at 25.27, upside momentum might accelerate should the market be able to break out to new highs for the year.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Discovery Communications-C
Condition Forecast Direction Win Avg Worst Best Events
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Discovery Communications-C traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
ETHUSD 299.414.99 1.69%
BTCUSD 6,500.1790.59 1.41%
HSI 27,598.02384.61 1.41%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
NKY 22,199.00-71.38 -0.32%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%