Learn to Evaluate (DFS) using the Charts
August 04, 2024, 21:44 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DFS
- Buy DFS slightly over 125.38 target 136.06 stop loss @ 125.02 Details
The technical summary data tells us to buy DFS near 125.38 with an upside target of 136.06. This data also tells us to set a stop loss @ 125.02 to protect against excessive loss in case the stock begins to move against the trade. 125.38 is the first level of support below 129.09 , and by rule, any test of support is a buy signal. In this case, support 125.38 would be being tested, so a buy signal would exist.
- Short DFS slightly under 136.06, target 125.38, stop loss @ 136.45 Details
The technical summary data is suggesting a short of DFS as it gets near 136.06 with a downside target of 125.38. We should have a stop loss in place at 136.45though. 136.06 is the first level of resistance above 129.09, and by rule, any test of resistance is a short signal. In this case, if resistance 136.06 is being tested, so a short signal would exist.
Swing Trading Plans for DFS
- Buy DFS slightly over 134.06, target 136.06, Stop Loss @ 133.67 Details
If 134.06 begins to break higher, the technical summary data tells us to buy DFS just slightly over 134.06, with an upside target of 136.06. The data also tells us to set a stop loss @ 133.67 in case the stock turns against the trade. 134.06 is the first level of resistance above 129.09, and by rule, any break above resistance is a buy signal. In this case, 134.06, 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 134.06, target 125.38, Stop Loss @ 134.45. Details
The technical summary data is suggesting a short of DFS if it tests 134.06 with a downside target of 125.38. We should have a stop loss in place at 134.45 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, 134.06, 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 134.06, target 136.06, Stop Loss @ 133.75 Details
If 134.06 begins to break higher, the technical summary data tells us to buy DFS just slightly over 134.06, with an upside target of 136.06. The data also tells us to set a stop loss @ 133.75 in case the stock turns against the trade. 134.06 is the first level of resistance above 129.09, and by rule, any break above resistance is a buy signal. In this case, 134.06, 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 134.06, target 128.31, Stop Loss @ 134.37. Details
The technical summary data is suggesting a short of DFS if it tests 134.06 with a downside target of 128.31. We should have a stop loss in place at 134.37 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, 134.06, 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 August 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
125.38 |
| P2 |
128.31 |
134.06 |
136.06 |
| P3 |
135.89 |
142.33 |
146.96 |
AI Generated Signals for DFS
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Discover Financial Services (NYSE: DFS) report below can help you understand how to do this. The trading plans for DFS, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DFS:
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