Disney Just Breached This Major Moving Average Level

The Daily View for Disney

  • At the time of this writing, DIS’s price is up $0.3 (0.16%) 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.
  • 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 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 $2.33 (1.25%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being above it. 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 DIS bull put spread you may find interesting:

DIS Bull Put spread14% ROI, 8 DTEHigher timeframe supply at 192.5 with gap and liquidity shelf is untested.Strong buying imbalance from 4/14 on hourly chartProximal supply is 1/2 way consumed with a weak double topSame with the Apr 6 double topOverall 4h trend is sidewaysAnd …

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