Rick Pendergraft's Avatar
published in Blogs
Feb 04, 2019

Discovery (DISCA) struggling to move past its 50-day moving average

Media firm Discovery (Nasdaq: DISCA) has seen its post-Christmas rally stall earlier than most other stocks. Now, the stock could be hitting a key resistance point as it tries to return to November levels.

The stock had rallied nicely from November 2017 through this past November, with the stock price doubling from $17 to $34. Like many stocks, Discovery slipped in the fourth quarter and has rallied back from its December lows. Unfortunately, however, it looks as though the stock is having a problem with its 50-day moving average.

We see the trend line that connects the low closes from June through October and then the stock broke below that trend line in November. The stock tried to move back up in late November, but it was halted at the intersection of the former trend line and the 50-day moving average. The stock then proceeded to fall from the $32 area down to $24—a 25% drop.

The stock rallied from the $24 area over the past month and hit its 50-day moving average on Tuesday before pulling back. The stock proceeded to drop on Wednesday as the market was rallying sharply.

The Tickeron AI Prediction tool generated a bearish signal on Discovery on Monday and that signal had a confidence level of 88% for a decline of at least 4% over the next month. Past predictions on Discovery have been accurate 73% of the time.

Related Tickers: WBD
Sergey Savastiouk's Avatar
published in Blogs
Mar 14, 2023
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Dmitry Perepelkin's Avatar
published in Blogs
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To consistently make money in this industry, you need emotional fortitude, an analytical mind, and a willingness to self-reflect. Despite trading and investing being two different activities, these principles can be applied to both.Conversely, investors with good habits often become great traders.  Rather than full sentences for titles, we’ve labeled each of our top-five investing habits using a single word principle.
Sergey Savastiouk's Avatar
published in Blogs
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4 Tips for Fast, Effective Stock Analysis

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With just a few clicks, an investor can search for individual stocks, categories of stocks, sectors, or investment themes, and then he or she can conduct a full range of technical and fundamental analysis within seconds.All powered by Artificial Intelligence.  Below, we give you 5 tips for fast, effective stock analysis using Tickeron’s Screener.
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published in Blogs
Mar 15, 2023
The five most important Lessons Learned After 10,000 hours of Trading
Edward Flores's Avatar
published in Blogs
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What's the Difference Between Tokens and Altcoins?

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Between their inherently technical nature, multiple varieties and sub-varieties, and endless terminology, cryptocurrency (defined here as digital or virtual currencies that are encrypted using cryptography, powered by the immutable digital ledger known as the blockchain) represents a whole, complex world.All altcoins possess their own blockchain, independent from their source code, that records all transactions of their native coins. Many altcoins are variants, or forks, of Bitcoin that leverage that cryptocurrency’s open-source protocol as the basis.
Edward Flores's Avatar
published in Blogs
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4 Ways to Save for Retirement Without a 401(k)

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Sarah Patel's Avatar
published in Blogs
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Nike (NKE, $130.03) beats fiscal Q3 earnings expectations
Sergey Savastiouk's Avatar
published in Blogs
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Artificial Intelligence for Language Translation?

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Some use cases – predicting earthquakes, recognizing objects, and comparing medical scans, for example – offer tantalizing glimpses of a promising future.Now, MIT researchers have announced an “unsupervised” language translation model whose early returns signal a future with “faster, more efficient computer-based translations of far more languages.” Most widely-used translation programs (like Google’s) learn via models.
Lester Daniels's Avatar
published in Blogs
Mar 15, 2023
How Artificial Intelligence Can Boost your Trading Results
Sergey Savastiouk's Avatar
published in Blogs
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What Are You Watching Nowadays?

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So, I decided to set up my priorities straight (yes, I know – this is not New Year’s resolution). 1.Trade Wars. Important, but I stopped watching daily announcements.