The Walt Disney (DIS) share can now fall to USD 40.00

8월 21일

Technical Analysis of Wald Disney Company (ticker on NYSE: DIS)

A large head and shoulders formation has been established in the weekly chart for the Walt Disney share (DIS).

A break below the neckline, which is around USD 79.00, will trigger a strong technical sell signal for the DIS share and from a large head and shoulders formation.

There was little technical support for the share before down towards around USD 40.00 (cf. chart).

The stock is now in the process of breaking down below the lower trendline in the long-term upward trend that has persisted all the way back to the mid-80s.

All trends have an end, and often a long-term upward trend ends with just such large head and shoulders formations.

It now looks very much like the Walt Disney share could face a further sharp fall, and preferably down towards the USD 40.00 level.

The Walt Disney share is now traded today around USD 89.75.