American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Walt Disney readies to breach current support - Analysis - 17-04-2018

Economies.com
2018-04-17 13:01PM UTC

Walt Disney's stock (DIS) fell in the intraday levels, recording a new loss of 0.11% in the last session, or 0.11 points, and leaning thereafter on the support of 100.16, which represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 90.32 to 116.10), amid negative pressure from the 50-day SMA, with negative signals from the RSI after reaching extremely overbought levels compared to the stock's movements. 

 

Therefore we expect more losses for the stock, especially if the support of 100.16 was breached, targeting the next one at 96.40, which represents the ratio 76.4% of the same retracement levels. 

Stocks Technical Analysis

United States Analysis

Stocks

Oracke stock price shakes off negative pressures - Forecast today - 20-05-2024
2024-05-20 10:33AM UTC
Oracle Corporation’s stock price (ORCL) kept rising in the intraday levels, shaking off ...
United States Analysis

Stocks

Docusign price returns higher - Forecast today - 20-05-2024
2024-05-20 10:33AM UTC
Docusign’s stock price (DOCU) returned higher in the intraday levels, amid the dominance of ...
United States Analysis

Stocks

Enphase Energy price emits more signs of weakness - Forecast today - 20-05-2024
2024-05-20 10:32AM UTC
Enphase Energy’s stock price (ENPH) fell in the intraday levels, amid the dominance of the ...