Following these proceedings, Jefferies downgraded its Discover Financial Services [DFS] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Barclays also remained covering DFS and has increased its forecast on January 06, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. BTIG Research started covering the stock on June 07, 2024. It rated DFS as “a Neutral”.
Price Performance Review of DFS
On Monday, Discover Financial Services [NYSE:DFS] saw its stock jump 6.52% to $202.47. Over the last five days, the stock has gained 6.43%. Discover Financial Services shares have risen nearly 16.88% since the year began. Nevertheless, the stocks have risen 63.85% 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 $170.72, while 200 days put it at $164.13.
Levels Of Support And Resistance For DFS Stock
The 24-hour chart illustrates a support level at 198.00, which if violated will result in even more drops to 193.53. On the upside, there is a resistance level at 206.25. A further resistance level may holdings at 210.03. The Relative Strength Index (RSI) on the 14-day chart is 69.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.33%. Stochastics %K at 87.23% indicates the stock is a selling.
