DIS finds support at 20-day moving average
DIS finished the week -1.24% lower at 112.68 after losing $1.48 (-1.3%) today. Today's closing price of 112.68 marks the lowest close since July 30th. Closing below Thursday's low at 112.81, Disney confirms its breakout through the previous session's low having traded $0.41 below it intraday.
Friday's trading range was $1.40 (1.23%), that's below last trading month's daily average range of $1.86. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.
Prices are trading close to a key support level at 111.89. After trading as low as 112.40 during the day, the share found support at the 20-day moving average at 112.66.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling could accelerate should prices move below the nearby swing low at 111.68 where further sell stops might get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for The Walt Disney Company
|Down Close Near Low of Period||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Bearish Short Candle||TQ Pro Members Only|
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