Walt Disney Co (DIS) Up 0.61%; Price Base in Formation Over Past 90 Days

Walt Disney Co Daily Price Recap

The back and forth price flow continues for Walt Disney Co, which started today off at 118.37 US dollars, up 0.61% ($0.72) from yesterday. The change in price came along side change in volume that was up 7.39% from previous day, but down 11.99% 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 first thing we should note is that 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. 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:

    $SAVE so let’s see here….possible catalysts for Spirit and other airlines…

    $MRNA vaccine? That’d make SAVE go to $30

    $XSPA rapid testing in airports? Can’t imagine that would hurt the SAVE price..

    Lets see, what else…

    OH! $DIS opening back up in July? Cha Ching!

    Anything else? Oh yea, TSA #’s! 🚀

    $MGM and the rest of Vegas/Atlantic City getting back in the swing of things? Good for SAVE. 🎰

    NFL/College football season? Great for SAVE!

    No matter which way you slice it, SAVE is going to soar.