|
|
Downtrend Broken Resist.Archive
- 5/10/2024 -
Sign In to see current Signals. |
Walt Disney Co. (DIS) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Walt Disney Co. (DIS). During the week, the DIS dropped -7.87 points, or -6.92%, and closed at 105.79 on Friday, May 10, 2024. Weekly volume was 76% above average.
 Long-term trend: [See DIS long-term trend chart]
A long-term downtrend had started on March 8, 2021 at 203.02 and reached 78.73 on October 4, 2023. DIS lost 124.29 points, or 61.22%, in 134 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (72.79) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See DIS medium-term trend chart]
A medium-term uptrend had started on October 4, 2023 at 78.73 and reached 123.74 on March 28, 2024. DIS gained -45.01 points, or -57.17%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 100.85 and resistance is at 133.35. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DIS weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See DIS short-term trend chart]
A short-term downtrend had started on May 6, 2024 at 116.94 and reached 104.21 on May 7, 2024. DIS lost 12.73 points, or 10.89%, in 1 days. The price is now at the 12.41% retracement level.
Daily Technical Indicators: [See DIS daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals.
The daily MACD line is below its signal line since May 6, 2024. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See DIS candlestick chart pattern]
On Friday the chart has formed a Bearish Meeting Lines Candlestick pattern. This pattern appears in an uptrend and is a sign that a potential bearish reversal is in play. The reliability of the Bearish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Meeting Lines Candlestick pattern during the last week.
| |
|
|