Disney Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Disney

  • Currently, DIS’s price is up $0.41 (0.25%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Disney has now gone down 9 of the past 10 hours.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Disney’s hourly price chart is shown below.


The Daily View for Disney

  • At the time of this writing, DIS’s price is down $-0.66 (-0.38%) from the day prior.
  • The daily chart shows that Disney has seen 2 straight down days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Disney. Given that we see an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Disney.


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