Disney (DIS) Closes Last Hour Up $0.11; Heads Down For the 2nd Consecutive Day, Breaks Below 20 Day Average, Nears 20 Day Moving Average

The Hourly View for DIS

Last Updated October 20, 2020, 10:6 GMT

At the time of this writing, DIS’s price is down $-0.09 (-0.07%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as DIS has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 came into today down 2.03% ($2.58) from the open of the previous day, marking the 2nd consecutive day a decline has happened. The price move occurred on volume that was up 4.15% from the day prior, but down 11.46% from the same day the week before. The daily price chart of Walt Disney Co below illustrates.

DIS

Walt Disney Co Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Walt Disney Co crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Walt Disney Co’s price has gone down 19 of the previous 30 trading days.

Overheard Around the Web

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

    $CCL $rcl $NCLH $dis insidethemagic.net

    Will DCL Have to Get Their Fleet Certified 60 Days Before Sailing — Carnival Does. in Disney, Disney Cruise Line Posted on October 19, 2020 . Over the weekend, Travel Pulse reported that Carnival Cruise Line will be required to have their entire fleet of cruise ships certified 60 days prior to setting sail again — all domestic cruise lines are currently still under the CDC’s extended ‘No-Sail Order’ at least until October 31.

    Here, we take a look at why Carnival has been ordered to undergo ship inspections and if the same mandate is likely to impact Disney Cruise Line.

    https://insidethemagic.net/2020/10/disney-cruise-line-fleet-certification-rwb1/

    A federal judge in Miami is warning Carnival Corp. that she plans to hold the cruise line to the parameters of its probation, meaning the company must certify that every ship is compliant 60 days before setting sail again in U.S. waters.

    Flash_Trader