Disney Enters Today Down -0.87%

The Hourly View for Disney

  • At the moment, DIS’s price is down $-0.05 (-0.04%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Disney has now gone down 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour 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 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Disney’s hourly price chart is shown below.

DIS

The Daily View for Disney

  • At the moment, DIS’s price is down $-0.95 (-0.87%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 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.
  • Divergence between DIS’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in DIS’s price.

Below is a daily price chart of Disney.

DIS

Featured Disney Idea From TradingView

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

I entered here at 100.Looking for long term gains here.. next stop possibly 120.

jason_nav