Walt Disney Co. (DIS) has been in the news lately with CEO Bob Iger and Florida Gov. Ron DeSantis taking off the gloves as well as cost cutting at the House of Mouse.
Let's review the charts and indicators and see if we can come to some sort of an agreement on the what's next for the stock.
In the daily bar chart of DIS, below, I see a stock that has been struggling the past year. The shars have spent much of the last year below the declining 200-day moving average line.
Trading volume has been more active since November but the daily On-Balance-Volume (OBV) line has weakened and tells me that sellers of DIS have been more aggressive than buyers. The trend-following Moving Average Convergence Divergence (MACD) oscillator is below the zero line now.