Walt Disney currently down 1.25% halfway through today

The entertainment giant is trading close to the $99.58 level today, after ending yesterday at $100.84 and dropping 1.25%.

Core Retail Sales in United States fell short of market expectations (-0.3%) with a reading of -0.8%, continuing the decline from the previous figure of 0%. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%. Following a previous reading of 0%, Producer Price Index in United States released yesterday at 12:30 UTC fell short of the 0.1% figure expected by analysts with an actual reading of -0.5%.

Walt Disney made an initial break below its 10 day Simple Moving Average at $99.75, a possible indication of a forthcoming negative trend. On the other hand, note that Walt Disney could begin to recover as it approaches significant support, now 37 cents away from $99.21. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems Walt Disney is likely to continue pointing down in the short term.

In the meantime, negative performances are also seen in other consumer discretionary stocks as Alibaba is down to $94.41, losing 1.83%, after ending yesterday at $96.17. Toyota is trading around $136.11 (down 0.82%).

Positive performances can be seen by looking at other consumer discretionary stocks as Starbucks is trading at $107.33 after ending yesterday's session at $107 (up 0.32%).

The stock has been trending positively for about a month. Walt Disney hit a significant low of $84.17 around 3 months ago, but has since recovered 19.81%.