Walt Disney Co (DIS) Down 1.85%

The Hourly View for DIS

Last Updated February 19, 2021, 12:56 GMT

At the time of this writing, DIS’s price is down $-1.92 (-1.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Walt Disney Co Daily Price Recap

Walt Disney Co entered today at $183, down 1.85% ($3.44) from the day prior. The change in price came along side change in volume that was up 8.66% from previous day, but down 22.78% from the Thursday of last week. Let’s take a look at the daily price chart of Walt Disney Co.


Walt Disney Co Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Walt Disney Co’s price has gone up 6 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to DIS:

    $DIS at the two hospitals I work at in Texas, we have a quarter of the covid patients we did at the peak a few weeks ago, and the numbers are dropping every day. My friend in upstate New York says the same thing about his hospital. The thesis of the bears/fake bulls is that the parks/theaters won’t be able to open anytime soon. Covid WILL end sooner than expected. The market has not factored this in. In a couple of the analysts notes (the same analysts that have a PT of 220+), they wrote they did not expect parks to generate pre covid revenue until 2023. When COVID ends much sooner than that, they will be raising their PTs to much higher levels.

    Vaccinations are picking up, warmer weather soon, expect COVID numbers to drop drastically even more in 4 weeks.