Walt Disney is showing signs of life, up to $100.86 (0.26%)

A 4 day downtrend is ongoing for Walt Disney. Yesterday may indicate a change of direction; after ending Tuesday at $100.6, Walt Disney went up to $102.55 only to drop back, yet still traded well overall and closed at $100.86 yesterday.

United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected decline to 240,000.

On the flip side, United States Crude Oil Inventories fell short of the -1.1 million projections, with new data of -1.28 million.

At the same time, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was five. United States ISM Non-Manufacturing PMI (Apr) came out at 51.9, while a consensus of analysts was expecting 51.8.

Walt Disney made an initial breakout above its 200 day Simple Moving Average at $101.3, a potential indicator of a newly emerging bullish phase. In contrast, although Walt Disney is appreciating today after rising as high as $102.55, price action is now slowing and consolidating around $1.22 below the $102.08 resistance level. Bollinger Band® analysis indicates that current price action is approaching the upper band at $102.79, thereby suggesting that Walt Disney is becoming overvalued.

Walt Disney continues to move higher with technical analysis indicating the trend will continue in the short term.

While Walt Disney was bullish yesterday, the following consumer discretionary stocks underperformed: Starbucks closed at $103.96 (down 9.17%). McDonald's slides down 0.96% yesterday to close at $298.07.

Also worthy of note, United States Non Farm Payrolls projected to come out at 180,000 — worse than previous data of 236,000; data will be released tomorrow at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 240,000 from the preceding figure of 230,000. Projections for United States Unemployment Rate are set for a continuation of decline with 3.6 while previous data was 3.5; data will be released tomorrow at 12:30 UTC.

The stock has been trending positively for about a month. Having set a significant low of $84.17 4 months ago, the entertainment and content production company is trading 19.52% higher.