DIS Rises to $106.77, Eyes $113 Resistance
$Walt Disney(DIS)$ Rallies +2.20%: Breaks Above Support, Bulls Target $113 Resistance
Latest Close Data
Disney closed at $106.77 on Dec 2nd, gaining +2.20% (+$2.30) with strong volume of 12.63M shares.
Stock now trades 14.3% below its 52-week high of $124.69, showing healthy recovery momentum from October lows.
Core Market Drivers
Holiday season optimism drives streaming and park revenue expectations higher.
Disney's content pipeline and theme park capacity improvements position the company for robust Q4 performance.
CEO Bob Iger's strategic restructuring continues to deliver operational efficiency gains.
Technical Analysis
Volume surged 19% above average (1.19x ratio), confirming institutional interest.
RSI(6) jumped to 58.25 from oversold territory, signaling bullish momentum shift.
MACD narrowed to -0.24 from -0.86, approaching potential golden cross formation.
KDJ indicator shows strong upward momentum with K-line at 45.27.
Key Price Levels
Primary Support: $106.29 (previous resistance turned support)
Strong Resistance: $112.39 (key technical barrier)
Immediate Pivot: $108.50 (psychological level)
Valuation Perspective
Trading at P/E 15.6x vs. media sector average of 18x, Disney appears undervalued.
Forward P/E of 15.78 sits well below historical average of 21.25, suggesting attractive entry point for value investors.
Analyst Targets
30 analysts maintain bullish outlook: 10 Strong Buy, 18 Buy, 6 Hold, 1 Underperform.
Average price target of $132.97 implies 24.6% upside potential, with targets ranging from $77-$160.
Weekly Outlook
Expect continued consolidation between $104-$112 range this week. Break above $112.39 resistance could trigger rally toward $118-$120 zone.
Volume confirmation above 15M shares would validate breakout momentum.
Risk Disclaimer
This analysis is for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Please consult with a financial advisor before making investment decisions.
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