Walt
DIS - BEARISH SCENARIODisney`s Q4 report released yesterday was a little nightmare for the investors. The company reported EPS of $0.30, $0.29 worse than the analyst estimates of $0.59. Revenue for the quarter came in at $20.15B versus the consensus estimate of $21.38B.
One of the reasons for the worse results is the additional spending to grow their streaming services.
Although Disney+, reported 164.2 million subscribers in the fiscal fourth quarter, surpassing the estimates of 161 million. The streaming unit lost $1.5 billion during the period.
The next two price targets are:
$92 support level
$82 support level
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DIS - BEARISH SCENARIONew selloffs for Walt Disney Company after the Q1 miss, reported on Wednesday.
The company reported $1.08 in adjusted earnings per share, the forecast was for $ 1.19
The next support level is located at $79.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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.
WALT DISNEYThe breakout of the blue trendline (and for breakout I mean a close above the trendline) will give a bullish signal on Walt Disney. First target (where to close part of the position with concomitant movement of the stop at break-even) in the area $ 107.25/107.30. The stop loss at $ 98.65/98.60. Personally, I will wait for an eventual pullback (or, at least, a Ross Hook, before opening a long position).
$WTC $BTC Waltonchain pushing on resistance on the daily. Same pattern as can be seen accross many alts at the moment
DOW JONES OVERVIEW (END): DISNEY IN FIRM UPTRENDFinalizing our Dow Jones overview is Disney - and it is doing it on a positive note! DIS is one the best-looking stock from our Dow Jones overview - on par with Nike and UNH, also Viza.
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the positive slope of 1-year mean. Price here trades within 1st standard deviations from both weekly and quarterly means, showing no short term trend, so nothing stands in the way of long term uptrend.