Today’s instrument is the Walt Disney Co.‘s stock traded on the NYSE exchange under the ticker DIS. 

When we look at the DIS‘s chart, we can its downward trend extending this week also, following the general direction of markets as they are having rather a couple of rough weeks. We can see its gradual fall from the $117 range to the $109 level where it showed signs of consolidation and $106 acting as a prior support level. During yesterday’s session, it couldn’t stay above the $106 support leading to the fall to the $105.13 where it was also last found trading. 

Walt Disney Co. had scheduled a quarterly earnings announcement yesterday 11/05/2022. Both EPS and Revenue results missed expectations for Q1.

Today we can expect a move below the $105 range, possibly falling near the $100 psychological level. 

If however, it manages to hold on to the current level and then a move towards the $109 level can be expected.

(Click on image to enlarge)