Walt Disney Company (DIS) rose slightly in its latest intraday trading, as the stock attempts to recover part of its previous losses while at the same time trying to ease some of its clear oversold saturation on the RSI indicators, especially with the beginning of positive signal inflows. This comes amid continued negative pressure from trading below its 50-day SMA, which reinforces the strength of the short-term corrective downward trend, especially with its movement alongside a descending trendline.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $106.15, targeting the first support level at $100.15.

Todays price forecast: Bearish