Disney DIS technical analysis

DIS trades at $105.31, down 1.73% over 24 hours, with the 4-hour RSI at 27 indicating oversold momentum against a mixed daily backdrop where price sits near the SMA20 of $106.691.

Price is battling the 4-hour support zone of 105.052-105.368, touched twice, while a rising support trendline at ~$105.64, with three touches, converges overhead. Above, resistance at 106.14-107.11 shows three 4-hour touches and five daily touches, capping recovery attempts.

Bulls need to reclaim the 106.14-107.11 zone to shift momentum, while bears must defend it and drive price below 105.052-105.368, targeting 104.262-104.578. A break under the support trendline near 105.64 would weaken the current structure.