Disney declines for third straight session - Analysis - 15-12-2021

Disney's stock (DIS) fell 0.88% in the last session amid the dominance of the downward correctional medium-term trend, settling at 149.10, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI, forming a negative divergence after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the support of 142.00, provided the resistance of 157.35 holds on.

Expected trend for today: Bearish