End of a slump? After three days of going down, Walt Disney up 0.82% yesterday

Yesterday at a glance: Walt Disney rose 76 cents to close at $93.36 yesterday which makes for a move of 0.82%.

United States Producer Price Index data will be released today at 12:30 UTC, with an expected decline to 0.3%.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Walt Disney's lower Bollinger Band® is at $91.7, indicating that the market is oversold and fertile for new buyers.

Overall, the technical outlook suggests Walt Disney is likely to remain muted for the immediate future, with no clear-cut direction.

This rally in Walt Disney's share price coincided with other consumer discretionary stocks as Tesla added 5.03% to its value, and traded at $183.26. Amazon gained 2.65%, as it traded at $94.88. Nike was up 1.83%.

Also worthy of note, today at 12:30 UTC data for United States Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of 3%. United States Core Retail Sales expected to decline to -0.1% while its preceding data was 2.3%, data will be available today at 12:30 UTC. Today at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.

Pointing downwards for around a month. Over the past 11 months, the entertainment and content production company has retreated 34.96% from a noteworthy peak of $142.38.