(DFS) Pivots Trading Plans and Risk Controls

November 05, 2024, 11:28 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DFS

• Buy DFS near 147.02 target 157.66 stop loss @ 146.6 Details

The technical summary data tells us to buy DFS near 147.02 with an upside target of 157.66. This data also tells us to set a stop loss @ 146.6 to protect against excessive loss in case the stock begins to move against the trade. 147.02 is the first level of support below 152.34 , and by rule, any test of support is a buy signal. In this case, support 147.02 is being tested, a buy signal would exist.

• Short DFS slightly under 157.66, target 147.02, stop loss @ 158.12 Details

The technical summary data is suggesting a short of DFS as it gets near 157.66 with a downside target of 147.02. We should have a stop loss in place at 158.12though. 157.66 is the first level of resistance above 152.34, and by rule, any test of resistance is a short signal. In this case, if resistance 157.66 is being tested, a short signal would exist.

Swing Trading Plans for DFS

• Buy DFS slightly over 155.91, target 157.66, Stop Loss @ 155.46 Details

If 155.91 begins to break higher, the technical summary data tells us to buy DFS just slightly over 155.91, with an upside target of 157.66. The data also tells us to set a stop loss @ 155.46 in case the stock turns against the trade. 155.91 is the first level of resistance above 152.34, and by rule, any break above resistance is a buy signal. In this case, 155.91, 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 155.91, target 149, Stop Loss @ 156.36. Details

The technical summary data is suggesting a short of DFS if it tests 155.91 with a downside target of 149. We should have a stop loss in place at 156.36 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, 155.91, 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 155.91, target 157.66, Stop Loss @ 155.55 Details

If 155.91 begins to break higher, the technical summary data tells us to buy DFS just slightly over 155.91, with an upside target of 157.66. The data also tells us to set a stop loss @ 155.55 in case the stock turns against the trade. 155.91 is the first level of resistance above 152.34, and by rule, any break above resistance is a buy signal. In this case, 155.91, 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 155.91, target 151.25, Stop Loss @ 156.27. Details

The technical summary data is suggesting a short of DFS if it tests 155.91 with a downside target of 151.25. We should have a stop loss in place at 156.27 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, 155.91, 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 November 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	136.26
P2	147.25	149	147.02
P3	151.25	155.91	157.66

AI Generated Signals for DFS

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This Discover Financial Services (NYSE: DFS) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DFS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DFS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DFS too.  All of these are offered below the Summary Table.