Friday Walt Disney increased by 3.15%, ended the session at $100.52

Friday at a glance: bullish sentiment helped the entertainment and content production company to hammer out a noteworthy $98.12 to $100.85 range Friday, and finally closing at $100.52 to end the session.

Walt Disney made an initial breakout above its 21 day Simple Moving Average at $99.77, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $99.12 currently serving as resistance Despite this, Walt Disney is $1.02 away from testing key resistance at $101.54. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, looking at the technical analysis landscape, it seems Walt Disney might continue pointing upwards in the short term.

A look at other consumer discretionary stocks also showed bullish price action as Tesla was up 5.5%. Toyota gained 1.95%, as it traded at $137.54. Nike added 2.36% to its value, and traded at $126.59.

Elsewhere, United States EIA Short-Term Energy Outlook is expected tomorrow at 16:00 UTC.

The entertainment giant has shed 10.23% over the past three months.