Disney Trend May Be Changing as Price Just Breached Above Its 100 Day Moving Average

The Hourly View for Disney

  • At the moment, DIS’s price is up $0.06 (0.03%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • The moving averages on the hourly 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.


The Daily View for Disney

  • Currently, DIS’s price is down $-1.76 (-1%) from the day prior.
  • Disney has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 and 50 day moving averages, resulting in them with price now being below them. 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.

Below is a daily price chart of Disney.


Latest News Discussing DIS

  • A Peek Into The Markets: US Stock Futures Down; Inflation Data In Focus – Lisa Levin
    November 10, 2021

    Pre-open movers
    U.S. stock futures traded lower in early pre-market trade after hitting another record highs in the prior session. Investors are awaiting earnings results from Performance Food Group Company (NYSE: PFGC), The Walt Disney Company…

  • 5 Stocks To Watch For November 10, 2021 – Lisa Levin
    November 10, 2021

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Performance Food Group Company (NYSE: PFGC) to report quarterly earnings at $0.42 per share on revenue of $10.12 billion before the opening bell. Performance Food sh…

  • Viewers of these news outlets are most likely to believe COVID-19 falsehoods – MarketWatch
    November 10, 2021

    People trust local TV and network news the most when it comes to information about the COVID-19 pandemic, according to a new study by Kaiser Family Foundation.