Discovery Inc (DISCA): Price Now Near $28.41; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for DISCA

At the moment, DISCA (Get Ratings)’s price is down $-0.03 (-0.1%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as DISCA has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Communication stocks, DISCA ranks 54th in regards to today’s price percentage change.

DISCA’s Technical Outlook on the Daily Chart

Currently, DISCA’s price is down $-0.41 (-1.42%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Discovery Inc’s price action over the past 90 days can be seen via the chart below.

DISCA

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DISCA: Daily RSI Analysis

  • DISCA’s RSI now stands at 70.2899.
  • DISCA and RSI may be exhibiting divergent trends. This may be something to monitor.

For DISCA News Traders

Investors and traders in DISCA may be particularly interested in the following story that came out in the past day:

Impact of Disney+, streaming services on Netflix has been ‘vastly overplayed’: analyst

Bank of America’s Nat Schindler joins Myles Udland, Brian Sozzi, and Julie Hyman to discuss Netflix’s mixed Q2 earnings, the company’s expansion into video games, and the state of streaming.

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