DIS - Disney Is A Buy (Technical Analysis)
2024-01-27 07:59:21 ET
Summary
- Disney shares have experienced a significant decline since March 2021, but recent price action suggests a potential buying opportunity.
- Volume indicators show that institutions and smart money are accumulating shares of Disney, indicating bullish sentiment.
- Momentum indicators, such as the Percentage Price Oscillator, indicate both short-term and long-term bullish momentum in Disney's stock.
In this article, I will outline why I think now is an opportunistic time to buy shares of The Walt Disney Company ( DIS ). I will examine price action, volume, momentum, and relative strength using a weekly price chart. I will also identify a risk management strategy in case the stock goes against my thesis. Let’s look at the weekly price chart....
Disney Is A Buy (Technical Analysis)