Disney: the decline regains momentum
Walt Disney sheds 3.9% as its Sell signal finally gets confirmed
Disney: the decline regains momentum
Our view last week
Walt Disney is in its fourth week of a sell signal the market still hasn't confirmed: the week just closed was up 0.7%, leaving the price essentially unchanged. Signal strength has slipped to 44 out of 100 — an isolated weekly dip, not a broadening decline — and the stock ranks 90th among the 137 US sell signals.
This week's summary
Walt Disney shed 3.9% this week, with 82% of volume on the sell side: after three weeks of doubt, the Sell signal has finally been confirmed. The weekly MACD has just crossed bearish and the price is back testing closely the double bottom in the 95 area, which had already produced a 5% rebound. The short is up 4.4%; the decline, though, still runs on low energy, with the ADX flat below 12.
IQS Phase
82
in tension / maturity
Signal Strength
53
decline starting to make lower lows
Sizing
STANDARD
Ranking
#12 / 137
US stocks
Trade P&L %
+4.42%
from signal to today
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