Is Momentum Changing for Disney? Price Just Crossed Above Its 50 Day Moving Average

The Daily View for Disney

  • At the moment, DIS’s price is down $-0.35 (-0.19%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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 doji 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 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 moment, DIS’s price is down $-1.55 (-0.83%) from the day prior.
  • The daily chart shows that Disney has seen 2 straight down days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them so that price is now turning below it. 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

Featured Disney Idea From TradingView

Below is a trading comment entitled $DIS will break $200 in the very near future you may find interesting:

With the recent deal that Fox made with the NFL (go Niners), I believe that this makes Disney a lock to break all-time highs very soon.I have Disney on my 7 wonders of the stock market list (available upon request), so not only is this a safe bet regardless of securing NFL TV rights, but this simply …

kambach