Walt Disney Co (DIS) Up 0.14%, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days

Walt Disney Co Daily Price Recap

Walt Disney Co is up 0.14% ($0.15) since the day prior, marking the 5th day in a row an upward move has occurred. The change in price came along side change in volume that was up 6.34% from previous day, but down 7.85% from the Tuesday of last week. Below is a daily price chart of Walt Disney Co.

Walt Disney Co Technical Analysis

Coming into today the current price of Walt Disney Co is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Walt Disney Co has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Walt Disney Co’s price has gone up 16 them.

Overheard Around the Web

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

    $DIS Just the facts… as soon as the beach were open a big crowd show up…
    As soon as the park open is going to be big..
    Specially when people are goin to feel safe because of the amount of safety protocols they will be putting in place … You know that Disney is goin big in safety issue …and people are going to feel safe because is Disney an as always doing the extra mile..