How the (DFS) price action is used to our Advantage
December 28, 2024, 20:32 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DFS
- Buy DFS near 164.55 target 180 stop loss @ 164.07 Details
The technical summary data tells us to buy DFS near 164.55 with an upside target of 180. This data also tells us to set a stop loss @ 164.07 to protect against excessive loss in case the stock begins to move against the trade. 164.55 is the first level of support below 174.6 , and by rule, any test of support is a buy signal. In this case, support 164.55 is being tested, a buy signal would exist.
- Short DFS slightly under 180, target 164.55, stop loss @ 180.52 Details
The technical summary data is suggesting a short of DFS as it gets near 180 with a downside target of 164.55. We should have a stop loss in place at 180.52though. 180 is the first level of resistance above 174.6, and by rule, any test of resistance is a short signal. In this case, if resistance 180 is being tested, a short signal would exist.
Swing Trading Plans for DFS
- Buy DFS slightly over 175.89, target 180, Stop Loss @ 175.38 Details
If 175.89 begins to break higher, the technical summary data tells us to buy DFS just slightly over 175.89, with an upside target of 180. The data also tells us to set a stop loss @ 175.38 in case the stock turns against the trade. 175.89 is the first level of resistance above 174.6, and by rule, any break above resistance is a buy signal. In this case, 175.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DFS slightly near 175.89, target 170.9, Stop Loss @ 176.4. Details
The technical summary data is suggesting a short of DFS if it tests 175.89 with a downside target of 170.9. We should have a stop loss in place at 176.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 175.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DFS
- Buy DFS slightly over 175.19, target 175.89, Stop Loss @ 174.78 Details
If 175.19 begins to break higher, the technical summary data tells us to buy DFS just slightly over 175.19, with an upside target of 175.89. The data also tells us to set a stop loss @ 174.78 in case the stock turns against the trade. 175.19 is the first level of resistance above 174.6, and by rule, any break above resistance is a buy signal. In this case, 175.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DFS slightly near 175.19, target 170.9, Stop Loss @ 175.6. Details
The technical summary data is suggesting a short of DFS if it tests 175.19 with a downside target of 170.9. We should have a stop loss in place at 175.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 175.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Discslightly over Financial Services (DFS) available here: DFS.
DFS Ratings for December 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
149.23 |
| P2 |
175.19 |
170.9 |
164.55 |
| P3 |
178.05 |
175.89 |
180 |
AI Generated Signals for DFS
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Discover Financial Services (NYSE: DFS) data table below can help you with price action, and we have more details too. Trading plans for DFS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DFS:
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