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Movies & Entertainment Industry Stocks Technical Analysis - DISArchive
- 11/8/2024 -
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Walt Disney Co. (DIS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Walt Disney Co. (DIS). During the week, the DIS gained 3.21 points, or 3.35%, and closed at 99.02 on Friday, November 8, 2024. Weekly volume was -27% below average.
DIS is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DIS long-term trend chart]
A long-term downtrend had started on March 28, 2024 at 123.74 and reached 83.91 on August 8, 2024. DIS lost 39.83 points, or 32.19%, in 19 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (91.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DIS may retest the broken resistance line. It is considered to be a support line now. 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 August 8, 2024 at 83.91 and reached 99.55 on November 6, 2024. DIS gained -15.64 points, or -18.64%, in 12 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See DIS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since October 4, 2024. This is an indication that the medium-term trend is up. 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 September 11, 2024 at 86.59 and reached 99.55 on November 6, 2024. DIS gained -12.96 points, or -14.97%, in 56 days. Price is near the trend high.
 Daily Technical Indicators: [See DIS daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 5.17% on Friday. It is 50.94% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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