Discover Financial $DFS Trading Report

October 02, 2023, 23:45 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DFS

• Buy DFS slightly over 89.12 target 100.33 stop loss @ 88.86 Details

The technical summary data tells us to buy DFS near 89.12 with an upside target of 100.33. This data also tells us to set a stop loss @ 88.86 to protect against excessive loss in case the stock begins to move against the trade. 89.12 is the first level of support below 90.83 , and by rule, any test of support is a buy signal. In this case, support 89.12 would be being tested, so a buy signal would exist.

• Short DFS slightly under 100.33, target 89.12, stop loss @ 100.62 Details

The technical summary data is suggesting a short of DFS as it gets near 100.33 with a downside target of 89.12. We should have a stop loss in place at 100.62though. 100.33 is the first level of resistance above 90.83, and by rule, any test of resistance is a short signal. In this case, if resistance 100.33 is being tested, so a short signal would exist.

Swing Trading Plans for DFS

• Buy DFS slightly over 100.33, target 111.85, Stop Loss @ 100.04 Details

If 100.33 begins to break higher, the technical summary data tells us to buy DFS just slightly over 100.33, with an upside target of 111.85. The data also tells us to set a stop loss @ 100.04 in case the stock turns against the trade. 100.33 is the first level of resistance above 90.83, and by rule, any break above resistance is a buy signal. In this case, 100.33, 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 100.33, target 89.19, Stop Loss @ 100.62. Details

The technical summary data is suggesting a short of DFS if it tests 100.33 with a downside target of 89.19. We should have a stop loss in place at 100.62 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, 100.33, 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 91.54, target 100.33, Stop Loss @ 91.33 Details

If 91.54 begins to break higher, the technical summary data tells us to buy DFS just slightly over 91.54, with an upside target of 100.33. The data also tells us to set a stop loss @ 91.33 in case the stock turns against the trade. 91.54 is the first level of resistance above 90.83, and by rule, any break above resistance is a buy signal. In this case, 91.54, 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 91.54, target 89.19, Stop Loss @ 91.75. Details

The technical summary data is suggesting a short of DFS if it tests 91.54 with a downside target of 89.19. We should have a stop loss in place at 91.75 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, 91.54, 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 (DFS) available here: DFS.

DFS Ratings for October 02:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	89.12
P2	87.82	85.46	100.33
P3	91.54	89.19	111.85

AI Generated Signals for DFS

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Technically, Discover Financial (NYSE: DFS) provides opportunities for traders who are watching the price of the stock oscillate over time.

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.