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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- DIMCO·04-22Nice strategyLikeReport
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