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Archive
- 11/15/2024 -
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Walt Disney Co. (DIS) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the Walt Disney Co. (DIS). During the week, the DIS gained 15.88 points, or 16.04%, and closed at 114.90 on Friday, November 15, 2024. Weekly volume was 108% above 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 (92.07) 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 115.20 on November 15, 2024. DIS gained -31.29 points, or -37.29%, in 14 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (98.86) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See DIS weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range 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 115.20 on November 15, 2024. DIS gained -28.61 points, or -33.04%, in 65 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See DIS daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index and Lane's Stochastic.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See DIS candlestick chart pattern]
On Friday the chart has formed a Bullish Separating Lines Candlestick pattern. A Bullish Separating Lines Candlestick pattern occurs in an uptrend. It might signal that the bulls have regained control and the uptrend will continue. The reliability of the Bullish Separating Lines Candlestick pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bullish Separating Lines Candlestick pattern during the last week.
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