Long
$DISCA likely bottom (4/5)
Conviction: 4/5
General Thesis
Growth
Value
Fundamentals & Balance Sheet
Potential Risks
General Thesis
- weekly RSI just grazed oversold levels, which means it could go down some more
- bounced off long-term (2008) support trend line
Growth
- Gross margins (50%) is pretty steady
- Revenue growth (23%) slightly above historical average, bounce from lows in 2020
Value
- P/FCF below average (25th percentile)
- P/S below average as well
Fundamentals & Balance Sheet
- low debt to asset (<1)
- quick ratio good (~2)
Potential Risks
- RSI could spike down to oversold area some more... unlikely because it just did that in 2020??
- Historically no bullish divergence before bounce
- Currently below all moving averages
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.