Wednesday, May 11, 2016 7:51:09 PM
Nope.
Don't know where you got 105 from.
I showed a red line that points at a price of $99.40. The stock has spent a lot of time at that level, most of the time below. Since DIS is above that level now, it's a support level. It could easily become a resistance level.
The chart to the right of the candlestick chart is the complete accumulation of Daily Closing Prices over the last 13 months. Over the entire date range (and price range), each horizontal spike is a bucket that contains the count of Closes within a very small price range -- for instance, 0.4% price width centered at the set price. Over time, then, the peaks are aligned at narrow price ranges that contain the most daily closes over the time period studied. In other words, that whole chart on the right is a true statistical collection of closing prices over the last 13 months. The spikes therefore are aligned with price levels that have been resistance or support -- AKA market prices at which a stock hesitates going higher or lower.
For instance, when you see a horizontal line with a dot at the end of it that lands on the grid line labeled 12, that means that there were 12 Daily Closes within that specific price bucket 12 times over the last 13 months. That is therefore either support or resistance, depending on which direction the trend was pointing at that time.
On the chart I indicated "First Support Level" with a red line, and it points to a price of about $99.40. That means that I think DIS goes at least that far down before attempting meaningful reversal upward. I also drew a lower red line and suggested that it wouldn't be unreasonable that DIS goes all the way down there, to $90, because it went below that price not too long ago. I didn't write anything about the path price takes over time, from one Sup/Res level to the next, because each additional step always has probability that is dependent on the process of achieving the process.
Don't know where you got 105 from.
I showed a red line that points at a price of $99.40. The stock has spent a lot of time at that level, most of the time below. Since DIS is above that level now, it's a support level. It could easily become a resistance level.
The chart to the right of the candlestick chart is the complete accumulation of Daily Closing Prices over the last 13 months. Over the entire date range (and price range), each horizontal spike is a bucket that contains the count of Closes within a very small price range -- for instance, 0.4% price width centered at the set price. Over time, then, the peaks are aligned at narrow price ranges that contain the most daily closes over the time period studied. In other words, that whole chart on the right is a true statistical collection of closing prices over the last 13 months. The spikes therefore are aligned with price levels that have been resistance or support -- AKA market prices at which a stock hesitates going higher or lower.
For instance, when you see a horizontal line with a dot at the end of it that lands on the grid line labeled 12, that means that there were 12 Daily Closes within that specific price bucket 12 times over the last 13 months. That is therefore either support or resistance, depending on which direction the trend was pointing at that time.
On the chart I indicated "First Support Level" with a red line, and it points to a price of about $99.40. That means that I think DIS goes at least that far down before attempting meaningful reversal upward. I also drew a lower red line and suggested that it wouldn't be unreasonable that DIS goes all the way down there, to $90, because it went below that price not too long ago. I didn't write anything about the path price takes over time, from one Sup/Res level to the next, because each additional step always has probability that is dependent on the process of achieving the process.
Recent DIS News
- Disney CEO Josh D'Amaro Rings Bell Ahead of Upfront Event • PR Newswire (Canada) • 05/12/2026 12:55:00 PM
- Disney CEO Josh D'Amaro Rings Bell Ahead of Upfront Event • PR Newswire (US) • 05/12/2026 12:55:00 PM
- Disney CEO Josh D'Amaro Rings Bell Ahead of Upfront Event • PR Newswire (US) • 05/12/2026 12:55:00 PM
- The Walt Disney Company to Participate in the MoffettNathanson Media, Internet & Communications Conference • Business Wire • 05/08/2026 06:23:00 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2026 10:41:43 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2026 10:40:14 AM
- The Walt Disney Company to Report Fiscal Second Quarter 2026 Financial Results Tomorrow • Business Wire • 05/05/2026 09:00:00 PM
- Form SCHEDULE 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 04/30/2026 06:39:25 PM
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- The Walt Disney Company Executives to Discuss Fiscal Second Quarter 2026 Financial Results via Webcast • Business Wire • 04/13/2026 05:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/02/2026 10:02:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/02/2026 10:02:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/02/2026 10:01:20 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/20/2026 11:01:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/20/2026 08:16:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/20/2026 08:02:11 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/20/2026 08:01:12 PM
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- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/05/2026 10:21:06 PM
- Form PX14A6G - Notice of exempt solicitation submitted by non-management • Edgar (US Regulatory) • 02/25/2026 10:29:10 PM
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- The Walt Disney Company to Participate in the Morgan Stanley Technology, Media & Telecom Conference • Business Wire • 02/25/2026 06:00:00 PM
