Like many other stocks, Disney share price fell to $78.63 in March 2020 as a result of the global lockdown. Prior to the fall in 2020, Disney’s all-time high was at $154.84. The ease of lockdown led to the rally that pushed the price of Disney all the way up to $203.12 in March 2021. This price currently stands as the all-time high.
After the all-time high, the share price was caught in a range on the weekly chart. The range began at the end of March 2021 and stretched to the first week of November 2021. The share price broke out of the range to the downside in the second week of November 2021. The breakout has led to a continuous downward slope in price as price as of June 23, 2022 is at $94.30, which is over a 50% loss from the all-time high.
We can say Disney’s share price is currently in the region it was during the lockdown. Recent reports claim Disney’s share price dip is partly due to their insistence in inserting Queer ideology into its children movies which people see as “child-grooming” and therefore, reprehensible. Indications on RSI shows that price is currently oversold on the weekly time frame. Our analysts see Disney’s share price fall below the Lockdown low of $78.63.
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