Adding some small positions into DISNEY stock as the stock is approaching 52 weeks low level. Alittle bit of diversification from the usual tech stocks.
📊 Technical Analysis
1. Support and Resistance Levels
The current price range of $83–$86 has historically served as a support zone, previously tested on:
August 8, 2024
September–November 2023
December 28, 2022
This pattern suggests potential for a rebound if the support hold.
2. Moving Averages
DIS is trading below its 50-day, 100-day, and 200-day simple moving averages, indicating a bearish tren. A sustained move above these averages would be necessary to confirm a trend reversal.
3. Volume Analysis
Recent trading sessions have shown increased volume, particularly during price declines, suggesting heightened investor activity and potential volatility.
4. Support & Resistance level
Support level to watch: $84, $82.98, else $80.10 (52 weeks low)
Resistance level: $85.52
Watch for possible breakout $85.52 for continuation upwards movement in bullish case.
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Conclusion:
Disney's current stock price reflects both challenges and opportunities.
While technical indicators point to a bearish trend, the company's strong fundamentals, including profitable streaming operations and resilient theme park revenues, provide a foundation for potential recovery.
Investors should monitor upcoming earnings reports (7 May 2025) and market conditions to assess the stock's trajectory.
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