Shifting Sentiment in DIS Ahead of Earnings?

BATS:DIS   Walt Disney Company (The)
DIS stock has struggled this year. However, Accumulation/Distribution on this daily chart shows accumulation over the past several weeks. This is a "shift of sentiment" pattern indicating a better earnings report is likely this time.

The sideways trend is compressing and has consistent lows and highs, a common pattern for accumulation. When Accumulation appears well ahead of an earnings report, it usually (but not always) indicates improvement in fundamentals and establishes a base price for the improvement.

DIS is a target for HFTs since it's a household name stock that gets a lot of attention in the news.

Martha Stokes, CMT

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