Walt Disney’s stock appears to be rebounding as it seeks to recover from the April sell-off that sent its price spiraling. After hitting a recent low of $83.92 in August, Disney shares have surged approximately 20%, currently trading around $100.97. Investors and analysts are closely watching, as Disney is set to release its earnings report tomorrow—a pivotal moment that could either boost or hinder this recovery rally.

A positive earnings report and strong guidance could propel Disney stock further, potentially setting up a strong close for the year and building momentum for 2025. However, a disappointing report, similar to April’s release, might slow down the current bullish trend.

Disney Stock Technical Analysis: Key Support and Resistance Levels

On the technical side, Disney's share price has risen above the 50-day moving average on the weekly chart, currently sitting at $99.88. This level could provide critical support as we approach the earnings announcement. If Disney stock holds above this level, it would likely sustain the current bullish momentum. However, a drop below the 50-day moving average may see Disney testing the 100-day moving average support at $95.98. A close below the 100-day moving average could signal further downside, possibly directing investors’ attention to the $91.49 level.

Conversely, a close above the 50-day moving average post-earnings would be seen as a bullish signal. In this scenario, the first resistance level Disney stock would encounter is $104.52. Breaking above this level may lead to an extended rally, with potential upside targets between $112 and $113.

Bullish Momentum Supported by Rising Technical Indicators

Disney's technical indicators add to the positive outlook. The Moving Average Convergence Divergence (MACD) indicator crossed above its signal line in September, indicating bullish momentum. As long as these indicators remain strong, Disney stock may continue its upward trend.

In summary, Disney's earnings report could be a turning point for the stock, setting the stage for either a strong finish to the year or further consolidation. With support and resistance levels identified, investors have a clear roadmap to gauge Disney's stock movement in the near term.

Key Takeaways:

• Current Price: Around $100.97, up 20% since August low.
• Critical Support Levels: 50-day MA at $99.88, 100-day MA at $95.98.
• Resistance Levels: $104.52; potential target of $112-$113 on a breakout.
• Bullish Indicators: MACD and moving averages support upward trend.

Stay tuned for Disney’s earnings report, as it could be a catalyst for the next big move in Disney stock.