Walt Disney gains 2.46% within $89.6 to $91.34 daily range

Friday at a glance: the entertainment giant rose as high as $91.34 before giving up its gains and dropping back to $90.77 before the close on Friday.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Having stamped out a session range of $89.6 to $91.34, Fibonacci-inclined Walt Disney traders were highly concentrated around active Fibonacci resistance at $91. Despite this, Walt Disney could be slowing down soon as it approaches resistance at $91.54. Of course, crossing it might suggest further gains are ahead.

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

This rally in Walt Disney's share price coincided with other consumer discretionary stocks as Toyota traded at $146 after closing Friday's trading day at $140.65 (up 3.8%). Nike added 4.35% to its value, and traded at $107.78. Lowe's gained 2.89%, as it traded at $209.81.

Furthermore, the market is looking at United States ISM Non-Manufacturing PMI (May) will be released tomorrow at 14:00 UTC. United States Services PMI is expected tomorrow at 13:45 UTC.

9 months ago the entertainment giant reached a significant high of $124.96 but has consequently lost 29.11% since then.