$DIS - Disney during the last week of September (9/27 - 10/1)Mouse Man had a rough week after the CEO guy on TV said no dividends next quarter. Or something? (Honestly, I don't remember).
ANYWAY -- I think more chop is coming next week. The most bearish scenario I have has Disney testing the 168 area, but I won't post that until the price action breaks down a bit more.
Overall market sentiment should play an interesting part too, as some hesitancy still exists for October.
more later,
bye buds.
Disneyplus
$DIS Upcoming earnings estimated November 11, 2021Upcoming earnings estimated November 11, 2021.
Disney's FY 20 revenue was distributed as follows:
28.39B Digital Media
16.5B Parks, Experiences and Products
9.64B Studio Entertainment
16.97B Direct-to-consumer and International sales
Digital Media generated nearly 40% of total revenue and double any other source of revenue.
The revenue during the latest twelve months ending June 30, 2021 was $63.591B, a 8.9% decline year-over-year.
The revenue during the latest quarter ending June 30, 2021 was $17.022B, a 44.51% increase year-over-year.
Disney’s 2021 third-quarter Parks, Experiences and Products revenue segment jumped 307.6% to $4.3 billion, up from $1.06 billion during the same period last year.
In each of the previous five quarters, Disney has reported a loss in operating income in the segment because of the Covid-19 outbreaks.
Current reservations are above third-quarter attendance levels. However, recent increases in Covid-19 cases have prompted some group and convention cancellations.
DIS ER Run Up!$DIS 4HR Chart ...
FA & TA
After a stunning growth in Disney's Disney+ subscription, surpassing just over 100 Million subscribers from its 2019 launch, what more does Disney have in-store? It is evident with vaccines rolling out and states changing public health & safety mandates, people are itching to get out and enjoy in-person activities. This has caused streaming services to take a hit, such as $NFLX as they only harbored nearly 4 million subscribers (2 million less than expected). Luckily for Disney investors, we can hope to see some positive insight with Disney Parks and Cruises. Although cruises are still halted, some parks have been open with Covid restrictions, so perhaps this may the first step on the track to profitability. For potential new investors, the current price may be less attractive due to it still being near ATHs, so it's possible we see some selling pressure to see 158-170 price levels (discount, BUY!) for long term buyers to flourish in. It would be wise to sit sideline and let this upcoming earnings give some direction... Now, DIS has been consolidating within a price range of 178-191 for the past month and with earnings coming up this can potentially see some strength to breakout the current descending triangle. Over 190.50 would indicate some strength and a reversal to retest ATH. However, there is still some downtrend resistance to clear, so we could see a rejection/ false breakout over that resistance line (orange) and head down to 178.70-179 level. Under 178 would invalidate this idea.
Initial Entry: 185
Breakout Entry: 190.50
Target: 195+
Contract Ideas DT/ SW
DIS 185C 5/14| 5/21
DIS 190C 5/21
DIS 195C 5/21
DISNEY $DIS BUy ALERT - Could Earnings help Hit Wave 5 Target?DISNEY $DIS BUy ALERT - Could Earnings help Hit Wave 5 Target?
Disney has been doing pretty well over the year.
New streaming service is helping it make even more money aye!
I see an Elliott Wave forming on it. I am long already and adding more.
Target is $199
DIS ER run up DIS ER run up ... after a month long correction, Disney is getting close to breaking out of this downtrend channel and looking to make a push back to ATH. Watching for a clean break of the downtrend with an increase in volume and a hold above 173.50 to confirm reversal. With Strong growth in the streaming service and as they continue to push out great news with new film plans (marvel, star wars, etc) I'm very optimistic on DIS er!
For option contracts I am Looking at 180C for 2/19. (liquid contract: medium risk/ high reward)
$DIS doesn't look good hereHello my dear padawans of the charts. I hope everybody had a good weekend and is ready to start what promises to be a good week for the markets given the amount of (good) stocks that are reporting earnings this week. DIS is not among of them, but its ER is coming soon on 02/11. Of course things can change, specially with earnings around the corner (and Disney+ getting so many subscribers), but things are not looking good for DIS here. It is looking weaker than in my previous analysis (link below).
TECHNICALS
In my previous chart DIS was above the long term resistance. However, it failed to stay there. It is now below that resistance and struggling to move back up. It found support on the 14/21 emas but didn't move much to the upside. It is sitting on the 21-ema now after having broken below it a few times. Other things to take into account:
1. MACD crossed over bearish and is moving down to the 0 level. If it crosses below it could be very bearish.
2. The 14 ema is about to cross bearish under the 21 ema, another potentially strong bearish signal.
2. ADX is curling down very sharply, meaning the current uptrend is getting weak.
3. -DI is moving up while +DI is moving down, meaning a change in sentiment is happening.
4. RSI is still above the 50 level--where it is sitting--but has been moving down steadily
5. The gap was still not filled. Gaps don't need to be filled necessarily but since DIS reached ATH and is in retracement, it seems that this is an exhaustion gap, which most of the times is filled.
BEARISH SCENARIO
If DIS keeps going down, it will probably find support on the 50ema and some fib levels on the way, so expect price action there and even reversal depending on other factors. If you are a long term holder I think anywhere on/below the 50ema is a good buy opportunity. Keep in mind that the price could fill the gap and continue going lower but if you are in for the long term this should not scare you. You would still be getting the stock at a discount from ATH. You can DCA your way into it as well. (Not financial advise).
NEUTRAL/BULLISH SCENARIO
DIS could benefit from potential euphoria generated by the earnings of big players this week and continue its sideways move (or even move up). Given the indicators, I am bearish in the short term but there are other forces on the market that cannot be ignored.
Again, keep in mind earnings is right around the corner, so plan to trade around it as well in the coming weeks.
Safe trades my friends!
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DIS to 190?Levels annotated on the chart, Ive updated Disney the past few weeks and almost every week is new ath, Set a tight stop loss as its at all time highs and looks to be coming to an end of its parabolic move, If Dis+ continues to display great news and brings in new content Dis can keep pushing and create new highs. Mickey giving us Disney Land money!
DIS PUTS will PrintDisney forming a bear flag on the 4Hr Chart, also see a gap down at 118.66. News not looking to good for Disney, news came out saying Disney has released thousands of employees and with Covid to keep parks closed for awhile I'm expecting Disney to bleed more. Break that 119 support zone we will drop to 109$.
Who doesnt <3 growing up with Disney?Currently close to a very strong resistance point at around 128-130 range
the next support resistance point is at 116-117 range.
Key pointers;
like a portfolio, Disney is a great diversified business
- media
- theme parks
- hotels & cruise
- merchandise & royalties
- Disney+ (recently Mulan movie featured there!)
Theme Parks / hotels & cruise account for around 35% of the over business of Disney and though badly impacted, they are still generating through merchandise / royalties (oh the number of products lunches with other brands during recessions are staggering), entertainment channels and subscription through Disney+. If can only get bigger!
2nd Nov Target Price - Low / $138
2nd Nov Target Price - High / $152
$DIS At Bottom Of Ascending Channel. Looking To Retest The Top.Disney is consolidating at the bottom of it's channel. It's been in consolidation for a week now and it's ready for a move to the top.
It has now formed a bullish pennant and has been tethering a breakout of consolidation.
If you look closely at the bullish pennant you'll see the recent price movements hinting that $DIS will soon breakout of the flag.
With the news of Disney finally expanding to 8 more countries very soon + the reopening of many Disney studios & parks.
This stock is in a good position to rise.
Both the technicals and fundamentals validate a move up.
On average a rise to the top of a channel takes 3 days and consolidation about about a week. Disney is ripe for a breakout as it has been consolidating for a week and there is now catalyst to initiate a move.
DISNEY trading outlookDisney+ just announced that they will open streaming service in 8 more countries on September 15th. The chart shows the price between 50 and 200 SMA's.
A buy zone formed for better risk -reward. Final confirmation is the break of the 200SMA and back above 61.8%.
Please support the idea and share your thoughts on DISNEY!
Good Luck and Stay Healthy!
Hold, Go Long if Parks Successfully OpenTechnicals:
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$117 is approximately the new support level, which also correlates to around a 15% price correction from Q1 high's. Prices appear to be consolidating around this level with no significant breakthrough.
Fundamentals:
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While Disney benefited from the recent surge in streaming, its parks and products segment (accounting for ~25%) has significantly lost revenue. Data on Disney's parks re-opening performance will dictate medium term pricing as investors look toward Disney's Q4 earnings.
www.statista.com
Strategy:
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Hold current shares and watch for a horizontal pull across the short term, purchasing if price remains around $117 in conjunction with long term upward signals.
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