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Disney

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.
NYSE:DISLong
by XForceGlobal
9
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.
NYSE:DISShort
by Samuelitooh
1
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+!
NYSE:DISLong
by TheMortiestTrader
2
$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..
S
by mzombie2
DISNEY - Gap Filled on the ShortHuge gap filled on the short in the daily Disney chart. Price is currently hovering just above the Weekly 200MA support. We're looking to see if these levels hold to see the stocks next move. Stock is now down around -23% since it's ATH in late 2019. RSI is showing oversold in the daily and we're not entering oversold on the weekly charts as well. If levels hold, this could be a greay BUY opportunity. We're sidelined for now. Hit us with a like and a follow for more updates. Stay tuned... Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:DIS
by MannyLo