Disney, second confirmation week positive
Disney rises 0.9% as the weekly structure stays compressed under the 108 area
Our view last week
Disney stock closes its first confirmation week higher, up 1.8%, with three higher daily lows from the 92 to the 102 area and 88% of volume on the buy side. Weekly technical analysis shows the MACD turning higher, but the structure stays compressed just under the 107 area, the breakout trigger still to clear: for now the discipline is to hold the position unchanged.
This week's summary
Disney closes its second confirmation week up 0.9%, backed by three rising daily lows running from the 94 to the 103 area. On the weekly chart the MACD is improving and stays above the Signal line, and the price holds above the 50-week average. The structure, though, stays compressed just under the 108-109 area, with daily volume still over 56% on the buy side.
IQS Phase
57
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#95 / 167
US stocks in progress
Trade P&L %
+2.74%
from signal to date, no stop loss
Rank position
ranks 95th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
DIS belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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