Walt Disney closed at $92.52 yesterday, after seven straight days of gains

Yesterday at a glance: Walt Disney recovered from the previous trading session's losses and went up to $92.52 yesterday after it traded lower at $91.86.

United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected decline to 235,000.

On the flip side, United States Crude Oil Inventories fell short of the 1 million projections, with new data of -451,000.

At the same time, United States Cushing Crude Oil Inventories came out at 1.72 million, while a consensus of analysts was expecting 719,000. United States Trade Balance (Apr) released yesterday at 12:30 UTC with a figure of -74.6 billion, while the previous figure was -60.6 billion.

Although Walt Disney is appreciating today after rising as high as $93.08, price action is now slowing and consolidating around 59 cents below the $93.11 resistance level. Despite posting gains on yesterday, Walt Disney slid below its 21 day Simple Moving Average at $92.27 during the last session — an early indicator that a negative trend could be emerging. Walt Disney's upper Bollinger Band® is at $94.54, this is a slight indication of a slowdown.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Walt Disney is set for a reversal in the coming days.

This rally in Walt Disney's share price coincided with other consumer discretionary stocks as Home Depot gained 1.93%, as it traded at $301.7.

Walt Disney went up yesterday, yet these consumer discretionary stocks did not follow — Amazon closed at $121.23 (down 4.25%). Toyota went down to $145.31, losing 2.13% after it closed at $148.48 yesterday.

Also worthy of note, United States Initial Jobless Claims projected to come out at 235,000 — worse than previous data of 232,000; data will be released today at 12:30 UTC.

9 months ago the entertainment and content production company reached a significant high of $124.96 but has consequently lost 26.25% since then.