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

The Daily View for Disney

  • At the time of this writing, DIS’s price is up $0.07 (0.04%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Disney has now gone down 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Disney. Given that we see an uptrend on the 20 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 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.

DIS

The Daily View for Disney

  • At the time of this writing, DIS’s price is up $0.77 (0.42%) from the day prior.
  • The daily chart shows that Disney has seen 2 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily 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.

Below is a daily price chart of Disney.

DIS

Featured Disney Idea From TradingView

Below is a trading comment entitled Disney is consolidating you may find interesting:

Disney is forming an accumulation pattern, Support level has been tested in the past 4 times.Target price: 200

MoeMauney