(Last Updated October 28, 2020)
Welcome to the news page for Walt Disney Co (DIS). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
For Walt Disney Co, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a clear uptrend becomes apparent.
Across several time periods between 20 and 200 days, the trend on DIS has remained consistently bearish. Moreover, today we saw the 100 moving average turn bearish.
The chart below illustrates.
The price move occurred on volume that was down 20.65% from the day prior, but up 8.17% from the same day the week before.
The change in price came along side change in volume that was down 20.65% from previous day, but up 8.17% from the tuesday of last week.
The change in price came along side change in volume that was down 21.18% from previous day, but up 7.44% from the tuesday of last week.
Or to view things another way, note that out of the past 10 days walt disney co’s price has gone up 6 them.
This move is a reversal from the hour prior, which saw price move down.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down.
It’s been a feast for bulls operating on an hourly timeframe, as dis has now gone up 4 of the past 5 hours.
It’s been a feast for bears operating on an hourly timeframe, as dis has now gone down 4 of the past 5 hours.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.