Resistance

Disney

Reversal

<ul class="list-ic vertical">
 <li><span>1</span> <a>Disney stock price (NYSE: DIS) recovered 7% (approx.) from the recent swing low.</a></li>
 <li><span>2</span> <a>DIS stock price is trying to sustain above the 50-day EMA.</a></li>
 <li><span>3</span> <a>Walt Disney’s stock price defended $80.00 and showed signs of reversal.</a></li>
</ul>
<p>Disney stock price (NYSE: DIS) defended the $80.00 level and recovered approximately 7% from the 52-week low.&nbsp;</p>
<p>DIS stock price is forming a double bottom pattern and showed initial signs of a bullish trend reversal. However, the confirmation of the reversal is still awaited.&nbsp;</p>
<p>Disney stock price is trying to climb above the 50-day EMA to bring back the confidence of the investors. If buyers succeed in sustaining the price above the 50-day EMA then the probability of trend reversal will increase.&nbsp;</p>
<p>In the mid of September, Walt Disney stock price attempted to break the $86.00 hurdle. But sellers were active so the attempt failed and prices reverted down. Slow and steady, prices declined and hit the 52-week low.&nbsp;</p>
<p>However, the downfall halted near $78.00 and buyers came forward to push the prices higher.&nbsp;</p>
<p>The recent upmove looks reliable and buyers seem to be returning back to the track. Meanwhile, the buying volume is also on the rise showing that some genuine investors might have turned bullish and expecting the recovery to continue.&nbsp;</p>
<p>Disney stock price closed the previous session at $84.35 on a flat bias and market capitalization stands at $154.34 Billion.</p>
<h2 class="wp-block-heading" id="strong-will-disney-stock-price-able-to-sustain-the-recent-gains-strong"><strong>Will Disney Stock Price Able to Sustain The Recent Gains?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/uvfFvW7N48xM9IqMu0RvxFR_g12CTg6G5FSbm_CvXztw73qfuF3H5yI9QEDborDUaufypAbZvLv8vU34uBf-lx9ryqN5743ASbGQQ0fQ_iPkU_zuTHzl0nUVcL82-UF8aexxKx4v7lV4U2yAQ2b2AVw" alt="Disney Stock Price Defends $80; Trend Reversal in DIS Stock?">
  <figcaption class="wp-element-caption">
   NYSE: DIS daily chart by <a href="https://www.tradingview.com/x/GLT9RLnz/" rel="noopener noreferrer nofollow">Tradingview</a>
  </figcaption>
 </figure>
</div>
<p>Disney stock price (NYSE: DIS) is reversing upward and buyers are trying their best to break the chain of lower lows swings.&nbsp;</p>
<p>On the higher side, $86.00 will act as an immediate hurdle for the bulls. If the buyers succeed in breaking out of the $86.00 hurdle then DIS <a href="https://www.thecoinrepublic.com/2023/10/06/dis-stock-price-boa-gave-a-bullish-rating-the-hope-stayed-alive/" rel="noopener noreferrer nofollow">stock price</a> will begin the journey to reach $100.00.</p>
<p>However, if the stock price faces rejection then bears may try to pull the prices down to the previous low. The technical analysis suggests <a href="https://www.thecoinrepublic.com/2023/10/06/dis-stock-price-boa-gave-a-bullish-rating-the-hope-stayed-alive/" rel="noopener noreferrer nofollow">Walt Disney</a> stock price is recovering and likely to sustain the recent gains.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-dis-stock-price-reversing-upward-from-demand-zone-strong"><strong>DIS Stock Price Reversing Upward From Demand Zone</strong></h3> 
<div class="tradingview-widget-container">
 &nbsp;&nbsp; 
 <div id="tradingview_a2405"></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": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;RSI",

    "STD;Supertrend"

  ],

  "container_id": "tradingview_a2405"

}

  );

  </script>
</div> 
<p>DIS stock price formed a bullish hammer candle on the weekly chart. It shows that buyers are active near the demand zone so the downside risk is low.&nbsp;</p>
<p>If Disney stock prices consolidate for some time in the range between $80.00 to $86.00. Then it might be an indication of the base formation.&nbsp;</p>
<p>The MACD curve slopes upward and displays a positive crossover. It indicates prices may trade with a bullish bias in the coming weeks. The RSI at 56 pointing north denotes the strength of bulls and more room for upside is open.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Disney stock price (NYSE: DIS) is recovering and showing signs of bullish trend reversal. The confirmation will come when buyers are able to break out of the $86.00 hurdle level.&nbsp;</p>
<p>The analysis suggests that the downfall in the DIS stock price has halted and the possibility of an upward reversal is high.</p>
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5>
<ul>
 <li>Resistance levels: $86.28 and $92.70</li>
 <li>Support levels: $78.74 and $76.00</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.&nbsp;</p>

Disney Stock Price Defends $80; Trend Reversal in DIS Stock?

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Thecoinrepublic.com

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