Disney is Down for the 2nd Day in a Row

The Daily View for Disney

  • At the moment, DIS’s price is up $0.95 (0.52%) from the day prior.
  • This is the 2nd day in a row Disney has seen its price head down.
  • 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 pin bar candlestick pattern on Disney. Given that we see downtrend on the 20 and 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.

Disney’s hourly price chart is shown below.

DIS

The Daily View for Disney

  • At the time of this writing, DIS’s price is down $-1.58 (-0.86%) 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 20 day timeframe.
  • Of note is that the 50 day changed directions on DIS; it is now pointing down. 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

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