Disney to the SHORTSThe charts are screaming that its going to drop in my opinion, i'm really seeing a strong head and shoulders formation on Disney right now and despite that amongst the current news no matter whats going on there will be panic tomorrow and someone might as well make some money off of it. Disney isn't ready for a full recovery yet which means theres going to be some sort of sell off. Shanghai Disney while re opened is at 30% occupancy which short term might fuel buys but I don't see it sticking. I definitely am sticking to short right now.
Disney
Disney Dips on Missed Earnings- Disney reported a $1.4bn miss to profits in the first three months of FY, as it closed its parks, movie releases and reduced advertising sales.
- It reduced capital investment by $900m and suspending a planned dividend payment. It also has furloughed more than 100,000 employees last month.
- Technically the stock is bounced of the pitchfork resistance parallel (this has done a great job describing price action). It's now oversold and has broken out of its short term uptrending channel. We expect prices to retest it's previous lows - possibly near the lower pitchfork parallel.
- Disney has been a great growth stock over the years - but's it gonna be a slow recovery in big parts of it's business - don't see this stock zooming up.
$DIS - potential for more downside? $DIS has had explosive growth in the past 10-15 years, smart acquisitions have allowed for synergies and expanding of operating revenue into multiple spaces (cruise line, theme parks, Hulu, disney+, box office, direct to consumer sales, plethora of irreplaceable IP characters).
However due to COVID19, we could see long-term damage to their growth and continued revenue.
What do you all think, still more room for downside?
DISNEY Technical Analysis ConsiderationsNYSE:DIS
Based on Technical Analysis the idea is to buy up to a target price of 110$ (for now)
Fundamental Analysis says that:
Disney is expected to report earnings from resorts and consumer products fell by $500 million or more in the period.
One bright spot could be the subscriber numbers on its newly-launched streaming service, Disney+ which is benefiting from the stay-at-home environment.
Walt Disney technical analysis 05/02/2020
This is my technical analysis on Walt Disney company. Date:05/02/2020
I expect price of this stock to go up. Watch my technical analysis and give me your opinion.
It is better to not trade during the earning season because market will be really choppy and don't forget you are a trader not a gampler.
DISNEY; We Going to Space Mountain or What?✨ We provide charts every day ✨
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Disney 🐭 has earnings coming out soon. It is likely the Disney+, ESPN+, Hulu, home video, and maybe even some online shopping parts of the business are up. However, theme parks are closed and those parks generate about a third of Disney's total revenue.
Will traders look past the potential theme park related hit on earnings and take us to Space Mountain, or are is this stock about to drop off the Tower of Terror? 🎢
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1. We are looking for a clear uptrend to form or for the downtrend to continue either into earnings or shortly after.
2. Fractal Trend is showing a downtrend (Red bar color) for DIS on the daily. With this strategy, we want to go long ONLY when Fractal Trend is Green and Breakaway scalper shows a Green bar color. Meanwhile, we want to Short Only when Fractal Trend is Red and Breakaway Scalper shows a Red bar color.
3. If traders are bullish on earnings, then we will be looking for a path like the highlighted one in Green to play out. Here we expect reactions at R1 - R4.
4. If traders are bearish, we expect reactions at S1 - S4.
5. Ultimately the chart should tell us whether short term pain in theme park revenue is more important than user growth for Disney+ on other digital media. Keep in mind, the theme park side of their business currently represents a much larger chunk of their total revenue.
Source:
thewaltdisneycompany.com
WALT DISNEY COMPANY (DIS) Weekly, MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Six Flags (Short)I am waiting on this trade to slowly develop, see if the pattern holds for the next couple of days... hopefully, it can be a perfect short coming earnings date (4/30)
Six Flags has been holding $14 strong since April 8th.. I am sure we have not seen the end of COVID-19, I think Six will remain closed for a long time and cause us to fall back to 12 or below!
We have hit $17 three times and have been rejected strongly, I would expect the same from this trade.
Good Luck!
Disney - A short trade ahead?Disney can get into trouble here. What we see is that the stock failed 3 times to breakout the U$ 108 region (evidenced by the 3 blue rectangles). If it loses the U$ 99 (orange line) it’s a short setup, and the prices could sink down to U$ 92.67 (first target, pink line), then to U$ 79.09 (last and optimal target, red line).
I believe Disney is a wonderful investment for the long run, but for now, the stock must give a better sign of strength to breakout the U$ 108.
WHEN a plan comes together! $103 level on $DIS from todayHad this $103 level on watch pre-market. Got a nice entry on the break of the level.
Stock selection and level selection are both key! Stuck to my plan... only hit target one but a decent trade non the less!
I cover my entire watchlist and watchlist performance report (2 part daily series) on my YT xeenos trading
Sending positive energy to all the traders out there! Look forward to putting out more charts to the community!
Disney: Bullish Consolidation Analysis 1H (Apr. 21)X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the bullish probabilities for Disney's case (DIS) based on its bullish consolidating technicals and strong fundamentals.
Technicals
- We see a textbook ascending triangle pattern, which is a bullish consolidation pattern
- An ascending triangle pattern in a downtrend signals a potential bullish trend reversal
- We can count Elliott Triangle Waves (ABCDE), and see that wave E has completed forming as well
- The Relative Strength Index (RSI) shows great strength on the daily, creating higher lows and higher highs
- The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms on the daily as a sign of momentum
Fundamentals
- When Disney is not aggressively investing into its direct-to-consumer business, it has generated close to $8 billion of free cash flows.
- Disney's balance sheet is strong and affords Disney plenty of flexibility
- With that said, half of Disney’s operating income is generated from its Parks, Experiences and Products segment
- Considering the Parks closed so far and the potential closure of others will have a substantial effect on Disney’s near-term overall profitability
- However, Disney's fundamentals remain exceptionally strong, and the long term picture still remains intact
What We Believe
We believe that Disney is an impressive business, with broad diversification, expected to grow consistently over the medium-term. While this company was hit by the Corona Virus (COVID-19) more severely so than other companies, technicals demonstrate potentiality for a breakout, leading to a small bullish rally.
Trade Safe.
DISNEY SHORT @120The Walt Disney Company.
My attention was drawn to this stock due to the negative affect its news may have produced on Netflix on Friday 17/04/2020. While Netflix's stock price decreased by -3,69%, Disney's stock price increased by +4.52%. I find this paradoxical because if analyst downgraded Netflix and weren't optimistic on the Netflix's business growth due to the negative affect of unemployment on the streaming/leisure industry as well as cost cutting on secondary non-essential products and services then why did Disney go up?
Disney is a direct competitor to Netflix with its new streaming service Disney+. It offers a variety of content with movies, series and original creations ranging from Pixar, Marvel, Star Wars, National Geographic and many more studios. The success of the new Disney+ streaming service was iterated in an investor relations post from April 8th saying that after only 5 months Disney+ had reached more than 50 million paid users in over a dozen countries and is expected to expand to more countries over 2020. Of course, is good news for the company as it has started to make its mark in the streaming business alongside competitors such as ROKU, APPLE, AMAZON & NETFLIX. Therefore, perceived as good news by investor leading the stock price to surge up by over +7% intra-day (101.07 to 107.99).
BUT In this same press-release, it is specified that it is a forward-looking statement meaning the information could be rendered irrelevant due to internal decision factors based on:
- changes in domestic and global economic conditions, competitive conditions and consumer preferences;adverse weather conditions or natural disasters; health concerns; international, regulatory, political, or military developments (including government requests to delay direct-to-consumer launch in certain jurisdictions);technological developments; and labor markets and activities.
As well as external factors, mainly COVID-19. The affected areas of the company by COVID-19 could be:
the performance of the Company’s theatrical and home entertainment releases; the advertising market for broadcast and cable television programming; demand for our products and services; construction; expenses of providing medical and pension benefits; income tax expense; performance of some or all company businesses either directly or through their impact on those who distribute our products; and achievement of anticipated benefits of the TFCF transaction.
The Walt Disney company has 5 market segments, all related to the leisure, entertainment and travel business's:
1- Walt Disney Studios Entertainment
2 - Disney Consumer Products
3 - Walt Disney Parks and Resorts
4 - Disney Media Networks
5 -Walt Disney Internet Group/Disney Interactive Media Group
1st quarter will be having poor results as all segments apart from home streaming services of Disney and channels will see increased revenue due to closed parks and resorts, cutting out a part of cash flow. Looking for a run up to results due to optimism around streaming services and neglect of other operations. Also, the stock is negatively correlated to unemployment rate which is foretasted to reach 20% and be worse than during the 2008 crisis.
The plan is to short the shit out of Disney with a small position from 120 as a swing trade waiting for the stock to crash post-earnings release going into Q2 where the effects of COVID-19 will really start affecting the economy. This analysis is based on the assumption that Disney will disappoint in its earnings report. I am confident in this analysis but must remain wary because you can never be sure of how earnings release will be perceived by traders and investors. Earning estimates between last Q4 of 2019 and Q1 of 2020 are expected to drop by 16% whereas I am looking towards a higher drop meaning further disappointment. Looking to hit lower lows in end May to mid June. Might seek to buy back in once company is undervalued and how the global economy behavior evolves.
PLAN: There is an interesting risk/reward on this trade. Open position @120 with TP1 @110, TP2 @100 and TP3@80 and SL@125.
TIME: Swing trade with a 4-6 week time limit.
NOTE: The streaming part of the business will probably be the most talked about figure, potentially creating hype.
Let me know what you think in the comments as I'll respond and be updating the trade as we move forward into the week.
Trianglebreak incoming!Volatility is high on this one, post and pre market gaps are huge here making the price fluctuate at a wide spread, however there´s a clearly ascending triangle formation concluding and the resistance around $108 won´t hold much longer.
I identified the upcoming resistances after breaking the triangle: 111.68, 115.63, 121.9 and 134.23.
Another crash of the stock is unlikely because of it´s fast recovery rate, but because we are on times of uncertainty look very cautiously if the price drops below $100.00.
Trade Idea:
- Open long position around $103-$107 (because of the wide spread I think there´s still time to get a better entry point than 106.3, but does a few bucks matter when this will rocket up?
- SL: 98.5 (should be 100.00 but volatility might make you a bad play)
- TP1: 120.00
- TP2: 133.00
Might want to use resistance/support prices to close and open positions if you are a swing trader.
Let´s take Interdimensional TV to Disney+!
$SIX Six Flags (SHORT) I am no professional but this is my opinion and the trade I am taking based on the chart. Trade at your own risk.
On March 16 we reached a high of around $17 which was quickly sold off, making us reach new lows on March 18th.
On March 26 we reached $17 which was rejected once again, this time we reached a higher low of $9.95 or so on April 3.
On April 7 we reached a high of around $16, we are yet to see a higher low or perhaps even a break of the ascending bottom line.
I see potential to perhaps seeing a triple top sometime soon (SHORT HERE).. if we don't then we will reach a higher low (or a break of the ascending bottom line) and perhaps revisit
I don't think we are done seeing bearish trends and going bullish just yet..