Walt Disney's stock (DIS) kept falling in the intraday levels, recording a fresh loss of 0.13% in the last session, or 0.14 points, amid negative pressure from the 50-day SMA, with negative signals from relative power indicators, as the stock settles below 106.25, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the short term (from 90.37 to 116.10).
Therefore we reaffirm our negative outlook for the stock, targeting the support of 103.21, which represents the ratio 50% of the same retracement levels, as long as the resistance of 106.25 holds on.
Starbucks' stock (SBUX) rose in the intraday levels, scoring a profit of 1.26% in the last session, or 0.76 points, as the stock retests the support of that ascending price channel that limited its recent trading, coinciding with touching the resistance of the 50-day SMA, as the stock tries to recover some past losses and vent off the oversold saturation in relative power indicators.
Therefore we expect the stock to return lower, as long as the resistance of 61.07 holds on, targeting the support of 59.54.
Nike's stock (NKE) rose in the intraday levels, scoring a profit of 1.8% in the last session, or 0.92 points, as the stock attempts to recover some past losses, amid negative pressure from the 50-day SMA, with negative signals from relative power indicators, as the stock trades within a descending price channel that limited its recent trading.
Therefore we expect the stock to return lower, targeting the support of 50.81 anew.
Symantec's stock (SYMC) rose in the intraday levels, scoring a profit of 1.51% in the last session, or 0.43 points, while trying to regain its footing and vent off the oversold saturation in relative power indicators, as the stock gets hurt by exiting an ascending price channel that limited its recent trading, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, especially if the support of 28.22 was breached, targeting the next one at 25.37.