Walt Disney Stock To Move Lower?
2022.05.12 12:51
When we look at the Walt Disney Company (NYSE:DIS) 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 had scheduled a quarterly earnings announcement yesterday. 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.
isney stock chart.
