Must-See Charts for Disney: The 'Mouse House' Could Jump on Earnings

NEW YORK (TheStreet) -- Walt Disney (DIS) shares reached an all-time intraday high of $111.66 on April 27 and investors expect great things for the "Mouse House's" quarterly earnings scheduled for early Tuesday.

Analysts expect Disney to earn $1.11 a share. For Disney it's all about building brands at the box office, on TV and at theme parks. Some are calling for the stock to report $1.17 a share, which could result in another all-time intraday high.

Let's look at the daily and weekly charts for Disney and provide the key technical levels at which to buy on weakness and the key technical levels at which to sell on strength. Investors not familiar with technical analysis should begin with the notion that a price chart for a stock shows a road map of past price performance, which provides guidance for predicting future share price direction.

Here's how to read a daily chart. There are two moving averages to follow; the 50-day simple moving average is in blue while the 200-day simple moving average is in green.

Here's how to read a weekly chart. This chart shows weekly price bars going back to the beginning of 2007 and thus includes the Crash of 2008, then the current bull market for stocks that began in March 2009. The red line tracks the ups and downs of the key weekly moving average. The green line is the 200-week simple moving average. The red line that oscillates along the bottom of the chart is the momentum reading on a scale of 00.00 to 100.00. A reading below 20.00 is oversold and a reading above 80.00 is overbought.

If you liked this article you might like

Microsoft's New Xbox One X Shows It's Done Trying to Please Everyone

'The Handmaid's Tale' Emmy Win Is Really Big for Netflix

Stocks Dad Would Have Loved, And Why He Was Right

Disney Gets Bullish Report Aimed at Drowning Out Naysayers

Global Stock Markets Have Lost Their Minds and It's Becoming Pretty Disturbing