The Disney share price is one of few stocks that has lasted over 50years and still brings returns to its investors. There was a setback to the Disney price in December 2019 after the price reached a new all-time high then at $154.16. Disney lost about 50% of its share value between December 2019 and March 2020, which was a result of the pandemic, making it the worst price dip since its IPO. After lockdowns were eased across the world, price began to appreciate. The price appreciation broke out the then resistance level at $154.16 to a new all-time high at $203.12 in March 2021. Since the worst fall of Disney during the 2020 pandemic, $DIS has appreciated almost 2X of its return.
In the last month of 2020, the price broke out of the resistance level at $154.16 which led to the price reaching the new all-time high at $203.12. Since the all-time high was reached, the $DIS share price has lost about 31% of its value. In this month alone, $DIS has lost about 15% of its value. Should investors be worried about the price fall? The recent price fall could not break out to the downside of the support level at $154.16. A possible correction around the support level might occur which might eventually push the price of $DIS to $175.72.
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