Walt Disney Company (DIS) stock price edged slightly higher in its latest intraday trading, while moving alongside a short-term upward trend line, with continued dynamic positive support from trading above its 50-day SMA, which represents a support base providing renewed positive momentum around the stock. This performance comes after the price managed to relieve its overbought condition on the Stochastic indicators, as we now notice the beginning of a positive crossover appearing on them, which could push the stock to extend these gains in the near term.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $101.70 support level, targeting the key resistance level at $110.50.

Todays price forecast: Bullish