DISCOVERY INC. SERIES A

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Type:	Stocks
Ticker:	DISCA
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DISCOVERY INC. SERIES A - 1H - Technical analysis published on 05/15/2020 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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DISCOVERY INC. SERIES A Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

72%

28%

My opinion

Bullish above 20.05 USD

My targets

21.02 USD (+2.34%)

22.06 USD (+7.41%)

My analysis

The strong short-term increase in DISCOVERY INC. SERIES A calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 20.05 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 21.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 22.06 USD as an objective. Crossing it would then enable buyers to target 22.78 USD. Caution, a return under 20.05 USD could jeopardize the reversal.

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

2.7

Comment on the analysis

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 Bastien Huneau.

Additional analysis

Quotes

The DISCOVERY INC. SERIES A price is 20.54 USD. The price is lower by +7.37% since the last closing and was between 18.56 USD and 20.56 USD. This implies that the price is at +10.67% from its lowest and at -0.10% from its highest.

18.56

20.56

20.54

Here is a more detailed summary of the historical variations registered by DISCOVERY INC. SERIES A:

Technical

Technical analysis of DISCOVERY INC. SERIES A in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.36	19.46	20.05	20.54	21.02	22.78	23.73
Change (%)	-10.61%	-5.26%	-2.39%	-	+2.34%	+10.91%	+15.53%
Change	-2.18	-1.08	-0.49	-	+0.48	+2.24	+3.19
Level	Major	Minor	Major	-	Major	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.61	18.16	18.64	19.19	19.67	20.22	20.70
Camarilla	18.85	18.94	19.04	19.13	19.22	19.32	19.41
Woodie	17.59	18.14	18.62	19.17	19.65	20.20	20.68
Fibonacci	18.16	18.55	18.79	19.19	19.58	19.82	20.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.25	19.23	20.16	21.13	22.06	23.04	23.97
Camarilla	20.56	20.74	20.91	21.09	21.26	21.43	21.61
Woodie	18.23	19.22	20.13	21.12	22.04	23.03	23.94
Fibonacci	19.23	19.96	20.41	21.13	21.86	22.31	23.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.04	14.36	18.39	21.72	25.75	29.07	33.10
Camarilla	20.40	21.07	21.75	22.42	23.09	23.77	24.44
Woodie	11.39	14.54	18.74	21.89	26.10	29.25	33.45
Fibonacci	14.36	17.17	18.91	21.72	24.53	26.26	29.07

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.87
MACD (12,26,9):	-0.1000
Directional Movement:	7.81
AROON (14):	35.71
DEMA (21):	19.54
Parabolic SAR (0,02-0,02-0,2):	18.83
Elder Ray (13):	0.59
Super Trend (3,10):	19.04
Zig ZAG (10):	20.54
VORTEX (21):	0.9800
Stochastique (14,3,5):	94.48
TEMA (21):	19.79
Williams %R (14):	-1.00
Chande Momentum Oscillator (20):	1.45
Repulse (5,40,3):	4.7500
ROCnROLL:	1
TRIX (15,9):	-0.2300
Courbe Coppock:	1.58

MA7:	20.32
MA20:	21.34
MA50:	21.28
MA100:	25.87
MAexp7:	19.92
MAexp20:	19.78
MAexp50:	20.28
MAexp100:	20.78
Price / MA7:	+1.08%
Price / MA20:	-3.75%
Price / MA50:	-3.48%
Price / MA100:	-20.60%
Price / MAexp7:	+3.11%
Price / MAexp20:	+3.84%
Price / MAexp50:	+1.28%
Price / MAexp100:	-1.15%

News

The latest news and videos published on DISCOVERY INC. SERIES A at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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