Disney tries to vent off oversold saturation - Analysis - 04-10-2021

2021-10-04 11:41:25 GMT (Economies.com)
 

Disney's stock (DIS) rose 4.04% in the last session amid attempts to vent off oversold saturation in the RSI amid positive signals out of it, with the dominance of the downward correctional short-term trend, coupled with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 167.10, provided the resistance of 175.65 holds on.

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0735
0.0082
0.7688%
1.2534
-0.0028
0.2265%
22.106
0.194
0.888%
110.300
0.161
0.146%
113.73
0.32
0.28%
1866.300
9.865
0.531%
 
 
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