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DFS Stock Discover Financial Services (DFS, $144.89) price may drop as it broke higher Bollinger Band on Oct 04, 2024

A.I.dvisor
at Tickeron.com
10/05/24
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DFS - Discover Financial Services
Bollinger signal
Bearish Trend
Odds of DOWN Trend
Bollinger signal
Price: $144.89
Daily change: +$8.52 (+6.25%)
Daily volume: 1.1M
Industry: Finance/Rental/Leasing
This price move could be a signal that DFS may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 52 similar cases where DFS's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:

DFS in downward trend: price may decline as a result of having broken its higher Bollinger Band on October 04, 2024

DFS broke above its upper Bollinger Band on October 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 52 similar instances where the stock broke above the upper band. In of the 52 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DFS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 04, 2024. You may want to consider a long position or call options on DFS as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DFS just turned positive on October 04, 2024. Looking at past instances where DFS's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

DFS moved above its 50-day moving average on September 16, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for DFS crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DFS advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 275 cases where DFS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 80%.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. DFS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.354) is normal, around the industry mean (4.791). P/E Ratio (11.490) is within average values for comparable stocks, (55.153). Projected Growth (PEG Ratio) (3.168) is also within normal values, averaging (3.039). Dividend Yield (0.022) settles around the average of (0.042) among similar stocks. P/S Ratio (2.072) is also within normal values, averaging (3.140).

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DFS
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General Information

a regional bank

Industry FinanceRentalLeasing

Profile
Fundamentals
Details
Industry
Finance Or Rental Or Leasing
Address
2500 Lake Cook Road
Phone
+1 224 405-0900
Employees
21100
Web
https://www.discover.com