Disney is Up for the 2nd Day in a Row

The Daily View for Disney

  • At the time of this writing, DIS’s price is up $1.04 (0.55%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up 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 an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 20 daily candle timeframe, so the meaning of the candles may require further exploration.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 and 200 day moving averages have been crossed, with price now being above them. 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 $0.24 (0.13%) from the day prior.
  • The daily chart shows that Disney has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • Of note is that the 20 day changed directions on DIS; it is now pointing down. The moving averages on the daily 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.

Below is a daily price chart of Disney.

DIS