Open buy · week 9 · US stocks
Walt Disney rebounds 5.7% and reclaims its 200-week moving average
Our view last week
The 200-week moving average, in the 107.6 area, firmly turned Walt Disney stock away: the week closes down 3.7%, hands back all of last week's bounce and puts price back under the 20-week and 50-week averages. Technical analysis of one of the weekly buy signals on US stocks, now losing ground as the price action weakens. The close and the Inversion Point, in the 103 area, have already crossed with no change of sign declared: one to watch in the coming sessions. Price closed below the second stop level (SL2) flagged in last week's card (102.65 area): for anyone following that level the trade is closed.
This week's summary
A 5.7% rebound for Walt Disney, which started from a touch in the 103 area and carried price back above the 200-week moving average, in the 107.6 area, which had turned it away a week earlier. Walt Disney stock now sits above its 50, 100 and 200-week averages again, and the close has pulled away from the Inversion Point, reached last week. Technical analysis shows price action turning bullish again, with the MACD histogram rising after 5 weeks of decline: the buy signal is catching its breath.
IQS Phase
54
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#56 / 92
US stocks in progress
Trade P&L %
+2.99%
from signal to date, no stop loss
Walt Disney (DIS) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 56th among the 92 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +2.55% · monthly +0.35%
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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