$DIS The Walt Disney Company Stock Robo Analyst August 4 2020 #DIS
The Walt Disney Company (DIS) “On a long-term technical basis, the stock (DIS) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 114.12 and 108.02. If the stock breaks down through support at 114.12 then it will probably continue lower to 108.02. The stock has resistance at 117.31 and at 124.22. If the stock breaks up through resistance at 117.31 then it will probably continue higher to 124.22. The 200-day moving average is at 124.22. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 114.12 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (42.20).”