Walt Disney Co (DIS) Up 0.19%, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days

Walt Disney Co Daily Price Recap

Walt Disney Co closed the day prior up 0.19% ($0.19); this denotes the 3rd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 20.48% from the day before — and down 3.71% from the same day the week before. Here 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 20 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. 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. For additional context, note that price has gone up 15 out of the past 30 days.

Overheard Around the Web

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

    $AKAM With $NFLX, $ROKU and $DIS streaming services having millions of new customers – all streaming – AKAM ER this week looks to break its ATH and continue being another Wall Street CV19 darling. Streaming will only grow as CV19 continues to be extended. This could be $120 ER and then $160 as the weeks move on. Its guidance, unlike other companies who will not give any, can only be even better than expected.