$DIS Disney Oversold at Support$DIS Disney looks oversold holding the lower support line of long term symmetrical triangle pattern. Earnings coming up next week 05/08. Expecting bullish move near term.
Disney
Possible wedge breakout for DisneyOver the past few years it seems like the market has been punishing Disney for removing content from streaming services and acquiring companies. With no shows on Netflix investors fear Disney will not beat its earnings from last year. I think the reason Disney is starting their own streaming service and acquiring companies is to become the manager of their own content on the internet. Disney s own streaming service would increase profit margins for Disney's movies and ultimately increase their earnings reports down the line. With Netflix making its own movies and shows it has become a major competitor for Disney, a competitor Disney can not afford to ignore.
If Disney manages to keep the hype up for their streaming service they could entice investors to buy in. Disney could definitely have a breakout of the wedge it is in if investors get excited. With Disney releasing an ESPN streaming service in 2018 and many similar media services in 2019 investors could buy in to the hype. Although as a crypto investor one thing I have learned is that development takes time. Even for a company as big as Disney. We will have to wait and see if Disney can deliver on their streaming services.
DISNEY shares Buy IdeaDISNEY shares Buy Idea @Weekly Demand Zone (98.70 - 96.92)
Buy Limit: 98.53
Stop Loss: 96.61
Take Profit: 102.81
Disney, flat or uncertainty?
In the long term, Disney shares are in some kind of consolidation. We see a triangle, the waves are almost ready. But only here it is necessary to take into account the fundamental basis. It depends on where the stock prices will go. The waves we expect another wave of buying, but do not exclude that it might break in the opposite direction. Goals and area of interest are on the chart
Disney's price actionFriday was an interesting day, in terms of confluence, for anyone who looked at $DIS.
The price rose back to fill that $3 gap left open since early August.
Friday's high stopped at the 200MA + 61.8 Fibo retracement (Oct'16 low - Apr'17 high).
High volume during the whole week, bearish candle on Friday, RSI slightly overbought.
Puts on Disney prior to earnings. DIS trading below both EMA's and a short signal has just formed on the daily time frame. Anticipating a selloff prior to earnings on May 7th. Holding onto a directional exposure without a hedge during earnings is not worth the risk it adds.
DISNEY is about to outperform the marketTextbook bullish continuation. Fundamentally very strong, and i am expecting long longterm prices around 300$ for this awesome company.
In the "shorter" term i am looking for 150$ as a potential target. Do your own research and always keep in mind trading is risky.
Blessings to you all.
Disney On Final Leg Of Wave 5Still polishing my Elliott Wave reading, but looks like the ride could be over for Disney. The stock should make it to the 116-120 range before beginning its next wave. I am entering tomorrow with an exit planned in this 116-118 target range. The stock could form a double top or go higher. The only certainty is it will make it to 116 which is at least a 5% gain over the next month.
Disney Long PositionWith the recent release of the Last Jedi plus the "Incredibles 2" movie coming in June of next year, I could expect some positive returns between now and then for a long term holding position until mid June. This is low to medium risk, and amid the market acceptance of their movies and continued "hotel" growth. However, with recent box offices and the acceptance of another half a billion dollar box office within a year, it is likely a continued growth of at least 4 to 5% current market prices.
DIS runs into a wall of resistance on Jedi profit taking
Disney shares had a big rally last week on a combination of the latest Star Wars movie opening in theatres and the fox acquisition announcement but now appear to be hitting a wall. With all the big news out for now, traders appear to be taking profits against the news and $112 emerging as resistance. Initial support may appear near $110 then $107.50 or even $104 where the latest rally started.
Disney DIS Long IdeaBuying Disney DIS here. On the short 30 minute chart DIS is breaking above the 34sma which has previously held it down (see purple arrows). Looking for move to previous high indicated by blue arrow,
Disney Long PossibilityDisney Could fall to $100.00
If that happens, I expect support.
Remember to always use stop losses and risk management when trading!
DISNEY - Accumulation Opportunities around 101.20I've been scanning the US equities market for some interesting companies to accumulate.
Disney caught my attention.
Fundamental
The fundamentals for Disney is very strong -
1) Revenue has been growing for the past 5 years;
2) Net income has been growing for the past 5 years;
3) FCF has been increasing for the past 5 years;
4) Net margin has been increasing for the past 5 years, and is above 15%;
5) ROE has been increasing for the past 5 years, and is above 20%;
6) ROA has been increasing for the past 5 years, and is above 10%.
Some minor concerns -
1) Current ratio has been hovering just above 1.00;
2) Quick ratio has been hovering slightly below 1.00;
3) Debt-to-equity ratio has been increasing, but still below 0.5%.
Technical
I'm seeing a potential expanding diagonal forming with divergence. Potential retracement level is between 97.68 to 101.20. This provide us with a decent area to start accumulating Disney.
P.S. This is not a trade call, nor is this analysis fully extensive, so do your own due diligence.
5.19.2017 Trade Idea: DISIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
Disney's 20DMA Magic Carpet Ride Over?Disney has been riding the magic middle bollinger band (20 DMA) carpet ride since 10/21/2016. Today we closed below it. Every time there has been a close below it the next day has been positive. However, we are at the top of a long-term channel and based on the weekly indicators, the stock has been overbought for some time now (see below)
I think the next few days will tell us if the stock is going to continue falling back to the bottom of the channel or if it will push through (channel looks awfully like a bullish flag, so this could just be consolidation).
DIS.. so close.Iger better wish upon a star so #DIS can break that R-line. Otherwise, it's a long way back down.
$DIS Long Opportunity or Short Entry if It CrashesDisney recently announced positive news surrounding it's executives chain and has held a strong uptrend over the course of the last few months. If the stock breaks and closes above $112.86 there's a good opportunity to go long and follow the uptrend. If it breaks downward though, and closes below $111.12, then an opportunity for a credit spread or put position opens for a really short term trade due to the bullish bias.
DISNEY (DIS) IS NEARING MAKE OR BREAK POINTOn March 28, 2017 the Disney (DIS) 200 day moving average (MA) crossed above the 250 day MA. Historically this has occurred 27 times. When this happens, the stock does not always continue to rise. It has a median gain of 2.679% and maximum gain of 13.312% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 65.999. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly looking for direction but trending upward. Per the RSI, DIS has retreated from the overbought level and is moving up.
The true strength index (TSI) is currently 22.1845. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is looking for direction, but has recently began to move up.
The positive vortex indicator (VI) is currently 1.0578. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward, but is stagnating.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current technical wedge pattern, the stock could gain at least another 1.50% over the next two weeks. Today the stock hit its 52 week high. The question is what will be the next resistance level? The stock has been in an incredibly narrow upward trend channel since January of 2017. DIS could quickly hit the top of wedge and significantly reverse downward. Another resistance level could be 114.75 (which is the 1.50% gain from today's close) which was hit multiple times from October – December of 2015 and is attainable in its current narrow trend channel. Another level could be 120.65, last achieved November 23, 2015, or the stock could test its all-time high of 122.08 from August 4, 2015.
DISney Hitting ResistanceDIS is hitting trendline resistance as well as resistance at the 78.6% fib retracement level. CCI and Stoch both showing bearish signals and in overbought territory. With earnings not for a month and a half look economic and political factors will be at play here.
