Discover Financial $DFS Technical Update – Stock Traders Daily

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Discover Financial $DFS Technical Update

The Discover Financial (NYSE: DFS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for DFS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Strong Neutral
P1 67.59 54.00 55.40
P2 68.60 63.43 65.25
P3 69.25 72.37 74.74

Long Term Trading Plans for DFS

February 11, 2019, 1:00 am ET

The Technical Summary and Trading Plans for DFS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DFS Report.

DFS – (Long) Support Plan

The technical summary data tells us to buy DFS near 65.25 with an upside target of 74.74. This data also tells us to set a stop loss @ 64.99 to protect against excessive loss in case the stock begins to move against the trade. 65.25 is the first level of support below 68.01 , and by rule, any test of support is a buy signal. In this case, support 65.25 is being tested, a buy signal would exist.

DFS – (Short) Resistance Plan

The technical summary data is suggesting a short of DFS as it gets near 74.74 with a downside target of 65.25. We should have a stop loss in place at 75 though. 74.74 is the first level of resistance above 68.01, and by rule, any test of resistance is a short signal. In this case, if resistance 74.74 is being tested, a short signal would exist.

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