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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Walt Disney Co. (DIS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Walt Disney Co. (DIS). During the week, the DIS gained 1.63 points, or 1.48%, and closed at 111.95 on Friday, March 15, 2024. Weekly volume was -32% below 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 (74.21) 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 115.19 on March 5, 2024. DIS gained -36.46 points, or -46.31%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 95.22 and resistance is at 125.28. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since October 6, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help. Short-term trend: [See DIS short-term trend chart] A short-term uptrend had started on March 7, 2024 at 109.20 and reached 114.13 on March 13, 2024. DIS gained -4.93 points, or -4.51%, in 6 days. The price is now at the 44.22% retracement level. Daily Technical Indicators: [See DIS daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since February 22, 2024. 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.
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