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's stock fell in the intraday levels, registering a small loss of 0.05% in the last session, or 0.05 points, as the stock is hurt by exiting a negative technical pattern that formed previously in the short term, the Rising Wedge pattern, with ongoing negative pressure from the SMA for the last 50 days period.
Therefore we reaffirm our negative outlook for the stock, targeting the support of 96.15.