Disney Stock Price Conflict On a Mark of $ 100, Short-term Outlook is Positive 

• The Walt Disney Company (DIS) sees a slight boom based on its last two trading sessions.
• Market sellers defend themselves at an ideological round level of $ 100.
• The RSI indicator is growing above 50 points on a daily price scale.

The Walt Disney Company (DIS) spent $900 million for the acquisition of another streaming company. However, as of Tuesday, Disney Channel has lost around 2 million customers in this economical year. Following the factors, the price of Disney stock in 2022 is low.

Due to unfavorable market emotions, the stock price was nearing the end of its value retirement period, which began in mid-August. This was a significant disadvantage for investors during a two-month decline. As a result, the NYSE: Disney Stock Price is now at a two-year low of $ 56.28.

During annual bottom reporting, investors sold-out DIS stock in heavy quantities as trading volume spiked 62 Million while the average volume was 12 million. Nowadays, volume seems low compared to other trading sessions. And this low volatility can help bulls in a bullish trend for short-term view.

On Thursday the Disney stock price traded green by 0.74% and the daily price candle closed at $98.59 mark. Asset is slightly bullish based upon its past two trading sessions when bullish manage the cost above the bullish trendline. On the higher side, Market sellers defend themselves at an ideological round level of $100.

For the last few days, the 50 -day moving average stagnation recovery, in fact, the daily value candles transferred its low. However, the bull successfully shut down yesterday’s candle over 20 DMAs, so perhaps buyers will try to close the weekly value above 50 DMA.

Another signal transmits positives which is the relative power index. Its peak gradually spreads more than semi-line.

Conclusion

Disney Stock Price (DIS) is making a high-level below the next resistance level. Market vendors defend themselves at an ideological round level of $ 100, which several times disrupted the price rapid recovery. In particular, a 50 -day moving average has a sales point, so as soon as the bulls should maintain this level. 

Technical Levels

Support level – $94 and $86

Resistance level – $100 and $130

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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