Walt Disney $DIS Technical Update – Stock Traders Daily

This post was originally published on this site


Walt Disney $DIS Technical Update

The Walt Disney (NYSE: DIS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for DIS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 106.73 108.83 105.57
P2 108.89 113.84 112.56
P3 111.63 117.90 119.39

Long Term Trading Plans for DIS

March 25, 2019, 12:15 am ET

The Technical Summary and Trading Plans for DIS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DIS Report.

DIS – (Long) Support Plan

The technical summary data tells us to buy DIS near 105.57 with an upside target of 112.56. This data also tells us to set a stop loss @ 105.31 to protect against excessive loss in case the stock begins to move against the trade. 105.57 is the first level of support below 108.23 , and by rule, any test of support is a buy signal. In this case, support 105.57 would be being tested, so a buy signal would exist.

DIS – (Short) Resistance Plan

The technical summary data is suggesting a short of DIS as it gets near 112.56 with a downside target of 105.57. We should have a stop loss in place at 112.82 though. 112.56 is the first level of resistance above 108.23, and by rule, any test of resistance is a short signal. In this case, if resistance 112.56 is being tested, so a short signal would exist.

This post was originally published on *this site*