Is Momentum Changing for Disney? Price Just Crossed Below Its 100 Day Moving Average

The Hourly View for Disney

  • Currently, DIS’s price is down $-1.27 (-0.71%) from the hour prior.
  • The hourly chart shows that Disney has seen 2 straight down hours.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • The moving averages on the hourly 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.

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 $1.9 (1.08%) 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.
  • 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 100 and 50 day moving averages, resulting in them so that price is now turning above 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.

DIS

Featured Disney Idea From TradingView

Below is a trading comment entitled 11/8 Weekly Earnings Calendar Spreads (SYY, DHI, CAH, DIS) you may find interesting:

Description: Some potentially attractive Calendar Spreads I’m looking at putting on based off of the close on Friday.CAH looking especially attractive. Announced Earnings Dates SYY 11/9 DHI 11/9 CAH 11/9 DIS 11/10 Long Call Calendar Spread Levels, break-evens, and R/R will be updated when positions are filled.The boxes …

BarnardR