stock chart analysis for disney, 5/28/2020
DIS support price is $117.74 and resistance is $125.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DIS stock will trade within this expected range on the day.
disney tanked today, but i dont think it will drop below 114$
Prediction: disney will drop low to 114$, scare some ppl, then continue again bullish.
The RSI and OBV is looking good as well i believe its showing bullish signs even thought disney is on a currently dropping, its still been on a very strong uptrend.
DIS support price is $117.74 and resistance is $125.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DIS stock will trade within this expected range on the day.
disney tanked today, but i dont think it will drop below 114$
Prediction: disney will drop low to 114$, scare some ppl, then continue again bullish.
The RSI and OBV is looking good as well i believe its showing bullish signs even thought disney is on a currently dropping, its still been on a very strong uptrend.
Comment:
beastmode. disney didnt drop below 14.50$ and then pumped it way back up to 117$ goodjob mousey