Walt Disney: An Expected Move Below The $105 Range

Today’s instrument is the Walt Disney Co.‘s stock traded on the NYSE exchange under the ticker DIS

When we look at the DIS‘s chart, we can its downward trend extending this week also, following the general direction of markets as they are having rather a couple of rough weeks. We can see its gradual fall from the $117 range to the $109 level where it showed signs of consolidation and $106 acting as a prior support level. During yesterday’s session, it couldn’t stay above the $106 support leading to the fall to the $105.13 where it was also last found trading. 

Walt Disney Co. had scheduled a quarterly earnings announcement yesterday 11/05/2022. Both EPS and Revenue results missed expectations for Q1.

Today we can expect a move below the $105 range, possibly falling near the $100 psychological level. 

If however, it manages to hold on to the current level and then a move towards the $109 level can be expected.

(Click on image to enlarge)

The Walt Disney Company

Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.