How the (DFS) price action is used to our Advantage
January 13, 2024, 01:36 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DFS
- Buy DFS slightly over 106.75 target n/a stop loss @ 106.44. Details
The technical summary data tells us to buy DFS near 106.75, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 106.44 to protect against excessive loss in case the stock begins to move against the trade. 106.75 is the first level of support below 109.53, and by rule, any test of support is a buy signal. In this case, if support 106.75 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for DFS
- Buy DFS slightly over 110.03, target 111.96, Stop Loss @ 109.71 Details
If 110.03 begins to break higher, the technical summary data tells us to buy DFS just slightly over 110.03, with an upside target of 111.96. The data also tells us to set a stop loss @ 109.71 in case the stock turns against the trade. 110.03 is the first level of resistance above 109.53, and by rule, any break above resistance is a buy signal. In this case, 110.03, 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 110.03, target 106.75, Stop Loss @ 110.35. Details
The technical summary data is suggesting a short of DFS if it tests 110.03 with a downside target of 106.75. We should have a stop loss in place at 110.35 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, 110.03, 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 109.64, target 110.03, Stop Loss @ 109.38 Details
If 109.64 begins to break higher, the technical summary data tells us to buy DFS just slightly over 109.64, with an upside target of 110.03. The data also tells us to set a stop loss @ 109.38 in case the stock turns against the trade. 109.64 is the first level of resistance above 109.53, and by rule, any break above resistance is a buy signal. In this case, 109.64, 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 109.64, target 106.75, Stop Loss @ 109.9. Details
The technical summary data is suggesting a short of DFS if it tests 109.64 with a downside target of 106.75. We should have a stop loss in place at 109.9 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, 109.64, 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 January 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
82.27 |
| P2 |
109.64 |
110.03 |
94.62 |
| P3 |
110.84 |
111.96 |
106.75 |
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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