Following these proceedings, UBS upgraded its Discover Financial Services [DFS] rating to a Buy from a a Neutral in a research note published on January 13, 2025; the price target was increased to $239 from $150. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. BTIG Research began covering DFS with “Neutral” recommendation on June 07, 2024. Morgan Stanley revised its rating on February 08, 2024. It rated DFS as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of DFS
On Monday, Discover Financial Services [NYSE:DFS] saw its stock jump 3.56% to $165.31. Over the last five days, the stock has gained 5.27%. Discover Financial Services shares have fallen nearly -4.57% since the year began. Nevertheless, the stocks have risen 37.88% over the past one year. While a 52-week high of $205.76 was reached on 01/30/25, a 52-week low of $119.95 was recorded on 04/07/25. SMA at 50 days reached $173.00, while 200 days put it at $160.31.
Levels Of Support And Resistance For DFS Stock
The 24-hour chart illustrates a support level at 160.95, which if violated will result in even more drops to 156.58. On the upside, there is a resistance level at 170.36. A further resistance level may holdings at 175.41. The Relative Strength Index (RSI) on the 14-day chart is 51.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.04%. Stochastics %K at 57.83% indicates the stock is a holding.
How much short interest is there in Discover Financial Services?
A steep rise in short interest was recorded in Discover Financial Services stocks on 2025-03-31, dropping by -0.26 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.3 million shares. There was a decline of -5.14%, which implies that there is a negative sentiment for the stock.
