DIS Technical Analysis - WALT DISNEY CO/THE

Technical Rating and Analysis

Taking everything into account, DIS scores 1 out of 10 in our technical rating. DIS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month DIS has a been trading in the 111.52 - 119.78 range, which is quite wide. It is currently trading near the lows of this range.

DIS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DIS is lagging the market slightly.

DIS has an average volume of 8187960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, DIS turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.

DIS is an average performer in the Entertainment industry, it outperforms 45% of 80 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WALT DISNEY CO/THE / DIS Weekly stock chart

WALT DISNEY CO/THE / DIS Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, DIS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 113.05, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

108.62

125.25

We found 1 important support area.

A support zone ranging from 109.72 to 113.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 114.03 to 119.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 122.36 to 124.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for DIS is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DIS is down.
ChartMill Relative Strength	54.29	NEUTRAL	DIS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DIS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DIS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of DIS is above a declining SMA(200).
Relative Strength Index/RSI (14)	41.24	NEUTRAL	The RSI value for DIS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.3	NEGATIVE	The MACD value suggests DIS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	22.85	NEUTRAL	The Stochastics value for DIS is a neutral value.
Average True Range in percent/ATR (20)	1.77	LOW VOLATILITY	The low ATR as a percentage value for DIS suggests low volalility.
Average Directional Index/ADX (14)	22.32	NEUTRAL	The ADX value for DIS suggests a possible start of a new trend.