Sell signal in progress, 8th week
Disney stock rebounds 1.4%, but sellers still control the volume
Sell signal in progress, 8th week
Our view last week
Last week's bounce didn't hold: Disney stock drops 2.9% this week, with sellers back in control of volume and momentum accelerating lower to its worst reading in four weeks. Price is boxed between the daily pivot point, in the 96 area, and its average, in the 95 area. This week's technical analysis confirms the picture: RSI down to 40, MACD deepening negative, with the short already up 5.19%.
This week's summary
Disney stock bounces 1.4% this week, but the rally doesn't convince: sellers still control volume (65%) and money flow keeps worsening, a sign of ongoing distribution. The stock reports quarterly earnings on August 5, with volatility likely to pick up in the coming days.
IQS Phase
83
in tension / maturity
Signal Strength
29
decline losing steam
Sizing
MINIMUM
Ranking
#37 / 138
US stocks
Trade P&L %
+3.85%
from signal to date, no stop loss
Rank position
ranks 37th among the 138 sell signals for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
DIS belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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