Resistance

Disney

Reversal

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Walt Disney Stock Price (NYSE: DIS) is trading near to the 52-week low.</a> </li> 
 <li> <span>2</span> <a>DIS stock price is trying above the 50-day EMA to reverse the trend.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Walt Disney Co. will release the quarterly earnings on August 9, 2023.</a> </li> 
</ul> 
<p>Walt Disney stock price (NYSE: DIS) is down 20% in the last 6 months and disappointed the expectation of investors. DIS stock price has formed a bearish pattern and is trading near to the 52-week low.&nbsp;</p> 
<p>Walt Disney stock is trying to climb above the 50-day EMA to reverse the short-term trend in an upward direction. However, the price is still below the 200-day EMA which will act as a strong hurdle in the coming months.&nbsp;</p> 
<p>DIS stock price fell 8.73% in a single day after the release of the previous quarter’s earnings. It broke down the $95.00 support which hurt the sentiment of long-term investors. Later, prices continued to decline and corrected another 8% in a short span of time.&nbsp;</p> 
<p>The downfall in the Walt Disney stock halted near $85.00 and prices entered into narrow range consolidation.&nbsp;</p> 
<p>DIS stock has formed a short-term base near $85.00 and buyers are trying their best to rebound. The quarterly earnings are scheduled today due to which volatility in the stock may rise and a sharp up move might be visible.&nbsp;</p> 
<p>Walt Disney stock price closed the previous session at $88.13 with an intraday rise of 1.50%. The market capitalization stands at&nbsp; $161.04 Billion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-is-the-correction-over-in-walt-disney-stock-strong"><strong>Is the correction over in Walt Disney Stock?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/p6oZdDapcnb7VjglbVfVTUd7Ei4BkvFVSc0Ti4GtX69Bm2G-9QUvkDE1_l4CAhQpKcWrFSzqovYbz4vuHePAFRJYlvU0-4Jneyfp9NHVXFwjDRwhPc1RpSA3qTzmfMWB3AoBQSLTU1V3ZdGdh6YQF-4" alt="Walt Disney Stock: Time for Bullish Trend Reversal in DIS Stock?"> 
  <figcaption class="wp-element-caption">
    NYSE: DIS daily chart by <a href="https://www.tradingview.com/x/AslTqgNa/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Walt Disney stock price (NYSE: DIS) has consolidated a lot in the narrow range. Buyers are active near $85.00 support. So, the possibility of further downside remains low.&nbsp;</p> 
<p>Walt Disney Company will release the earnings today. Analysts estimated an EPS of 0.956 and revenue estimate are $22.497 Billion. If the company succeeds to meet the estimates then <a href="https://www.thecoinrepublic.com/2023/07/10/disney-stock-price-prediction-will-dis-avoid-consolidation/" rel="noopener noreferrer nofollow">stock prices </a>react positively and break the higher range.&nbsp;</p> 
<p>However, if the company failed to meet the estimates then the stock might hit new lows. The technical analysis suggests the correction in <a href="https://www.thecoinrepublic.com/2023/07/10/disney-stock-price-prediction-will-dis-avoid-consolidation/" rel="noopener noreferrer nofollow">DIS stock</a> is over and the possibility of trend reversal is high.</p> 
<h3 class="wp-block-heading" id="strong-dis-stock-price-is-near-the-demand-zone-strong"><strong>DIS Stock Price is near the Demand Zone</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_db96e"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:DIS",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

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    "STD;Supertrend"

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  </script> 
</div>  
<p>DIS stock price is near the demand zone. Previously, the stock has shown a sharp recovery from the support. So, investors are expecting a similar kind of pattern might be visible in the coming months.&nbsp;</p> 
<p>The MACD curve slopes sideways indicating consolidation. But, if the price rises upward then MACD may break out of the zero line. The RSI at 51 slopes upward denoting mild bullishness and bulls seem to be returning back to track.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Walt Disney stock price (NYSE: DIS) prepares to react in the quarterly earnings. If the company succeeds to meet the analyst estimates then DIS stock might show a sharp rise. The technical analysis suggests, correction is over and the time for trend reversal has arrived.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li><strong>Resistance levels: </strong>$90.00 and $94.79</li> 
 <li><strong>Support levels:</strong> $85.00 and $84.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Walt Disney Stock: Time for Bullish Trend Reversal in DIS Stock?

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Thecoinrepublic.com

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