Walt Disney Co (DIS) Down 3.65%; in a Downtrend Over Past 90 Days

Walt Disney Co Daily Price Recap

Walt Disney Co’s 6 day positive streak has officially concluded, as the candle from yesterday closed down 3.65% ($4.1). The price move occurred on volume that was down 7.41% from the day prior, but up 15.81% from the same day the week before. The daily price chart of Walt Disney Co below illustrates.

Walt Disney Co Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 10 days Walt Disney Co’s price has gone up 7 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about DIS:

    $DIS bears this stock and this market barely does what you want. Please short the shit out of this stock again cause this stock need your money. Watch this hit 105 then get pumped to 108 on a down day as usual. Both bears and bulls you never learn DIS is fixed!