DFS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Discover Financial Services (DFS) has shown bearish momentum recently, with the stock price declining significantly. The Relative Strength Index (RSI) for DFS is at 18.73 (6-day period), indicating oversold conditions, which might suggest a potential short-term rebound. However, the Moving Average Convergence Divergence (MACD) is negative, signaling continued bearish momentum.
News Sentiment and Market Impact:
The broader market has been under pressure due to escalating global trade tensions, with the U.S. imposing tariffs on imports from Canada, Mexico, and China. This has led to retaliatory measures, impacting financial stocks negatively. DFS, along with other bank stocks, has faced significant declines, dropping 14.2% recently.
Fibonacci Levels:
The Fibonacci levels for DFS indicate a pivot point at 181.78. The immediate support level is at 161.50, and resistance is at 194.32. Given the current price action, DFS is likely to test the lower support levels in the short term.
Conclusion:
Based on the technical indicators and negative news sentiment, DFS is expected to face further downside in the next trading week. The stock is likely to decline to the $160 level, making it a sell recommendation at this time.
Prediction: The stock price of DFS is expected to be around $160 next week.
Recommendation: Sell DFS.
DFS Similar Chart Price Prediction
The price of DFS is predicted to go up -11.96%, based on the high correlation periods with NUWE. The similarity of these two price pattern on the periods is 95.35%.
DFS
NUWE
Down: -11.96%Similarity: 95.35%
DFS Revenue Forecast
DFS EPS Forecast
DFS FAQs
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DFS VS S&P500
Discover has consistently been able to generate returns on equity that are among the highest of its peers.
Discover's credit card receivables growth has been above the industry average for some time now. This outperformance continued even in 2020 when its receivables balance shrank less than its peers'.
Discover has made good progress in improving its deposit base through online savings accounts and more recently online checking.
DFS Analyst's Forecast
Karl Shepard
RBC Capital
Hold
2025-01-24
Price Target
$193 → $210
Upside
+3.91%
RBC Capital raised the firm's price target on Discover (DFS) to $210 from $193 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The firm notes that the company's core trends were solid, with continued improvement in credit and a lower provision driving trends, and its pace of revenue growth strengthened compared to last year, while its higher expense levels remain a modest but manageable headwind, the analyst tells investors in a research note. RBC also remains optimistic that Discover's merger with Capital One (COF) can close in early 2025.
Terry Ma
Barclays
Buy
2025-01-24
Price Target
$186 → $209
Upside
+3.41%
Donald Fandetti
Wells Fargo
Hold
2025-01-24
Price Target
$185 → $214
Upside
+5.89%
