Disney is scheduled to report its earnings tomorrow for Q1. Analysts are expecting an EPS of $0.94 on revenue of $21.8bn.

Taking a quick glance at Disney’s stock as the company is scheduled to report its quarterly earnings tomorrow after the US market closes. Currently trading at $102.75 a share, various support levels are sat along the ascending trendline. The first level of support sits at $96.62 followed by $96.41. A break below these levels could see a move lower towards $90.48. Although this would only be the cause of a very negative earnings report with a poor forecast for the rest of the financial year. A positive report could really see some upside in the coming weeks as there hasn’t been much movement in Disney’s price for a couple of months now. For the longer-term outlook, the first tough resistance point can be found at $109.63 (orange trendline). A break above this level may see the price edge even higher towards the next tough resistance sitting at $122.40 (red trendline). $122.40 was last seen earlier in the year on the 8^th of February. Over to the indicators, MACD is positive on the daily timeframe and so is the RSI as it reads 57.