- Walt Disney stock price was trading at $90.50 and the DIS price increased by 1.37% over the last 24 hours.
- The Walt Disney Company’s (NYSE: DIS) 52-week price bound range is $262.47 – $383.58.
The Walt Disney price chart highlights that the stock began its 2023 venture with a bullish rally thrusting the price upwards from the low of $84.09. The upward moment gave investors a return of about 40% in less than 2 months.
However, the bears entered and pushed the price down by roughly 23% and reached $91.33 within a month. After hitting a low of $91.33, it rebounded and reached $103.89, roughly 14% upwards. On this level, the resistance was high and DIS stock fell 16%, swiftly reaching $87.44.
From the last fall, the DIS price attempted to rebound once but failed in doing so and fell back to the support of $87.44. A few days back, DIS stock reattempted to rebound. Henceforth, in the upcoming weeks, the stock price is expected to surge.
Walt Disney price indicates that the amount of DIS share price traded in a day is $7.967 Million. As observed from the volume graph, the present buying volume is increasing in the stock but the price is constantly moving upwards.
This month, the stock performed well as it was up by 0.97%. Also, the DIS price was up by 0.57% in the last six months. Moreover, the Walt Disney Company (NYSE: DIS) stock’s year-to-date return is positive with an increase of 1.71%.
The market capitalization of DIS stock is $165.37 Billion and the total revenue is $82.58 Billion. Moreover, the stock’s basic EPS is $2.26 and the price-to-earnings ratio is 39.59.
Will the Walt Disney Stock Rally?
As per price action in the long term, it seems the price is taking support on the trendline. After every fall the stock took, it tried to recover from the trendline. As it can be observed, DIS stock price might go for a double-bottom pattern and give an upward rally by jumping over from the nearest hurdles of $91.17 and $96.70 in the forthcoming weeks.
At the time of publishing, the Walt Disney Company (NYSE: DIS) price is trading above the 20-EMA (exponential moving average), which is supporting the share price trend. More upward movement is expected in the short term for the Walt Disney stock.
However, the stock price remains below the 50, 100, and 200-days EMAs. To jump over these EMAs, the Walt Disney stock must accumulate buyers to surpass the hurdles.
The MACD line at -1.01 and signal line at -1.14 is below the zero line but gave a bullish crossover, suggesting bullish signals. The current value of RSI is 48.61 points as it took support on the 14 SMA line and headed upwards. The 14 SMA is near the median line of 42.88 points which indicates upward movement and bullish sentiment in the market.
Extraction
The Walt Disney stock price indicates that the sentiments and perspectives of investors and traders regarding the DIS stock are bullish on the 1D timeframe. The technical parameters of Walt Disney stock suggest the continuation of the uptrend over the daily time frame chart. The DIS share price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals for the Walt Disney stock.
Technical Levels:
- The nearest support: $87.44 and $ 84.08.
- The nearest resistance: $91.17 and $96.70
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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