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Advanced TA SearchArchive
- 4/26/2024 -
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Walt Disney Co. (DIS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Walt Disney Co. (DIS). During the week, the DIS climbed 0.12 points, or 0.11%, and closed at 112.73 on Friday, April 26, 2024. Weekly volume was -49% 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 (73.15) 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 99.73 and resistance is at 130.54. 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.
The weekly MACD line is above its signal line since October 6, 2023. 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 downtrend had started on March 28, 2024 at 123.74 and reached 110.39 on April 25, 2024. DIS lost 13.35 points, or 10.79%, in 28 days. The price is now at the 17.53% retracement level.
 Daily Technical Indicators: [See DIS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (113.13) comes close to the price (112.73). It indicates that the trend is getting weaker. 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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