Discovery stock: buy or sell

DISCA stock price: $38.48 8.49% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

Discovery stock brief

  • Discovery closed on Wednesday at $38.48 after skyrocketing a 8.49% breaking a streak of 5 sessions in negative.
  • Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It operates in two segments, U. S.

Should I buy Discovery stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $DISCA stock a buy?

In the current situation of Discovery there is not any eligible buy setup. This doesn't mean $DISCA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Discovery stock?

Do you know when is it time to sell Discovery?. Trading strategies give us the ability us to avoid rash decisions based on our sentiments or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies are not intended for selling short Discovery stock

As a rule of thumb, you should not hold an open trade that leads to higher than expected losses upon purchase. When to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Discovery stock?

In the current situation of Discovery there is not any eligible sell setup, so Discovery stock holders with operations in profit can keep their positions

Discovery ratings

In the last month, 7 brokerage ratings were published for Discovery

Discovery analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
UBS Group NeutralStrong sell
Mar 25th, 2021
Moffett Nathanson Neutral
Mar 26th, 2021
Wells Fargo & Company
Mar 29th, 2021
UBS Group NeutralStrong sell
Apr 1st, 2021
Wells Fargo & Company
Apr 7th, 2021
Deutsche Bank Aktiengesellschaft Strong buy
Apr 13th, 2021
Deutsche Bank Aktiengesellschaft Strong buy

Discovery stock analysis

SMAs overview

DISCA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $39.01 (1.38% above)
  • R2: $39.19 (1.85% above)
  • R3: $39.48 (2.60% above)
  • The current supports are:

  • S1: $37.64 (-2.18% below)
  • S2: $37.18 (-3.38% below)
  • S3: $36.61 (-4.86% below)
  • Bollinger bands

    DISCA stock Bollinger Bands chart

    Relative strength index

    After crossing down the line of 30 yesterday, bounced off above with a value of 34.7. This is a strength sign for the stock

    DISCA stock RSI chart

    Discovery stock price history

    Discovery IPO was on Jul 8th, 2005 priced at $7.92 per share1. Since then, DISCA stock surged by 385.86%, with an average of 25.72% per year. If you had invested $1,000USD in Discovery stock at that time, it would worth $4,858.59 today.

    1: Adjusted price after possible price splits or reverse-splits

    DISCA stock price history chart

    Price target for Discovery stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and many times. If you are a small investor you should not trade based on these projections.

    The average price target for Discovery stock calculated from the table below is $56.71. Discovery closed at $38.48 on Wednesday, so the target price is forecasting a growth by 47.38%.

    Discovery stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    UBS Group $24.00$46.00
    Mar 25th, 2021
    Moffett Nathanson $63.00$67.00
    Mar 26th, 2021
    Wells Fargo & Company $65.00$59.00
    Mar 29th, 2021
    UBS Group $24.00$46.00
    Apr 1st, 2021
    Wells Fargo & Company $65.00$59.00
    Apr 7th, 2021
    Deutsche Bank Aktiengesellschaft $35.00$60.00
    Apr 13th, 2021
    Deutsche Bank Aktiengesellschaft $35.00$60.00

    Earnings and financials

    Earnings call was hosted by Discovery ($DISCA) last February after posting the financial report. Discovery surpassed market estimates and reported of $0.76, that is a 5.56% surprise versus the initial forecasts of $0.72. Nevertheless, reported sales of $2.9 billion were in line with analysts estimates.

    Same quarter one year ago, reported EPS was $0.98, so current EPS is a decrease of -22.45%. Sales merely moved on an annualized basis in the , from $28.7B to $28.9B last quarter.

    Discovery ($DISCA) is hosting the earnings call next Wednesday. Market analysts analysts estimate of $0.65, that is a 14.47% less than Q4.

    Discovery performance

    DISCA performance compared
    Company1m3m6m
    Discovery ($DISCA) -45.00% 5.40% 87.90%

    Please read:
    The thoughts expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the particular conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for education motives only

    Discovery summary

    Wednesday, April 21st, 2021
    Open$35.16
    Close$38.48
    Day range$34.81 - $38.51
    Previous close$35.47
    Session gain8.49%
    Average true range$2.38
    50d mov avg$53.43
    100d mov avg$43.22
    200d mov avg$32.52
    Earnings dateMay 5th, 2021

    Frequently asked questions

    What is Discovery stock symbol?

    Discovery, Inc. is a public company trading in the US stock market with the DISCA symbol

    Is Discovery stock a buy or sell?

    Discovery received 7 ratings in the last 30 days: 2 bullish, 2 bearish and 1 neutral.

    Will DISCA go up?

    Discovery had different price forecasts issued by market analysts in the last 30 days setting the target price to $56.71. That is a 47.38% than the last price ($38.48).