📈 SigmaTrader Blog

Disney’s stock has seen a significant downturn, almost 50% down from its all-time high (ATH). As Disney prepares to release its earnings report in just a few days, many investors are wondering if now is the time to buy. Current Technical Analysis From a technical standpoint, Disney’s stock ( $DIS ) shows potential. It’s forming higher lows on the weekly chart—a positive signal for investors who look to trends for signs of future growth. However, the stock is currently constrained within a downsloping channel, with price action hovering between $80 and $105. Should earnings disappoint, major support is likely around the $80 mark. Reasons to Expect a Bounce Significant Price Correction : After such a deep decline, some investors see Disney as oversold and potentially undervalued. Seasonal Upside with XMAS: The holiday season often brings in a strong inflow of capital. Disney, with its parks, streaming services, and branded merchandise, typically benefits from a year-end surge in spendin...