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WALT DISNEY COMPANY (THE)WALT DISNEY COMPANY (THE)WALT DISNEY COMPANY (THE)

WALT DISNEY COMPANY (THE)

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Walt Disney - NYSE: A technical analysis. Pt1This article is going to look at the Walt Disney Company listed on the NYSE and my outlook on their stock performance for 2023 from a purely technical analysis perspective. I will not go too technically deep but will endeavor to SHOW my prediction for 2023. From the 1920’s Disney has transformed into a huge multinational with diverse service offerings, and has enjoyed steady growth over the years however the share price in the last few months has eroded some of this growth and 2023 in my opinion will be interesting and I will show you why. A look at the Walt Disney chart on the weekly timeframe will show something interesting Now from around Mar 2021, where Disney peaked to around $203, the company has been on a downward trajectory. Inserting a trend line from Nov ’21 to Dec ’22 which touches the highs, the share price dropped from around $180 to the low $90’s. Label this line AB. Also insert a trend line CB, (Jun '22 to Dec '22) showing the low points before price action reversed up. Our timeframe is on the weekly chart. There is an. interesting convergence at point B. (descending trend line and ascending trend line). This price action forms a descending wedge/ cone. Chart pattern analysts will view this as a sign of a trend reversal from falling prices to rising prices. This is what has currently transpired and the price shot up above the descending trend line AB. The price has risen to the current $111.63 (at time of writing). Does this mean that Disney is now back on the positive trajectory? Well allow me to show some interesting insights. The current stock price increase though exciting is accompanied by average volumes (not a lot of demand for the stock). The volume has been nothing but fair and not really convincing to show more upside potential in price. Now if you super –impose another trend line parallel to CB and labelled it DE, it will bring out a channel that might actually form the new path in which price will start moving in potentially. Now in some cases bull run prices that emerge from descending wedges do not break this parallel line, and it would be interesting if Disney does so. The final technical analysis tool for consideration though simplistic, is the epitome of elementary technical analysis. The moving averages. They have the ability to show support and resistance points. The 20,50,100,200 SMA on this weekly chart will help make my case for Walt Disney 2023 stock direction. Price action has broken above the 20 SMA and slightly over the 50 SMA (As of this week) however, there are some key resistance levels, that if not broken we will see further downward movement. If the price breaks the $119 level then we could probably see price go as high at $130 and then $170 and beyond. THE VERDICT I strongly think Disney will have another tough year on the market, from a technical perspective the stock is one that I would personally SELL in 2023. I have put up 4 scenarios, which are: Scenario A - price might retrace to around $120 and comeback down to $80or Scenario B - price goes up to around $143 or Scenario C price goes up to $168 retrace down $80. Scenario D which is unlikely might see Disney hit above $200 by Dec 2023. This technical analysis though not exhaustive might give some interesting insights. Verdict: - look for SELL opportunities when price action rises. we might close the year below $80. Takunda Mudenge is a financial market analyst based in Zimbabwe, Africa. He writes in his personal capacity for educational and entertainment purposes. This should not be construed, assumed or viewed as investment advice. Please consult a professional for such.
NYSE:DISShort
by takundamudenge
1
DIS Pre-Earnings RunDisney is in the retail news a lot these days but the chart has a pre-earnings run in anticipation that Year over Year financials will look a lot better than it did most of 2022. This stock has been as high as $200 a share so it has plenty of room to continue upward. HOWEVER, it is over-speculated right now so profit-taking on the earnings release, good or bad, and probably a gap, are highly likely. This is WHY earnings strategies for swing traders require that you prepare 2-4 weeks in advance so that you're already in the stock ahead of the earnings report. There are smaller funds and retail groups in the mix at this point.
NYSE:DIS
by MarthaStokesCMT-TechniTrader
LONG-TERM/LEAPS OPPORTUNITY (DIS)With November coming to an end, DIS is currently ending the month off showing wick rejection on the monthly chart off of a key demand zone between $71.00 - $86.65, in confluence with the 200ma/200ema and 61.8% fib. From 2015 to 2020, Disney’s price has bounced from this area 5 times previously (including the initial breakout from this zone back in Jan/Feb 2015). As of today, Disney has once again returned to this zone for the 6th time. It has nearly wiped out 100% of the gains that began from the 2020 lows. Also note that price has consolidated between the prices of $92 and $112 for the past 6 months, showing that price is holding this level/area very strongly. Lastly, the previous six monthly candles are forming a possible double bottom pattern which is another bullish sign. If you are looking for a great opportunity to start adding to your longterm portfolio, here is a great one to start with if you’ve been considering adding Disney as a longterm investment. If you care for added confluence, Disney is also showing bullish divergence on the RSI while in the oversold region on the monthly chart, the MACD histogram on the monthly chart is beginning to curl up, and the stochastic oscillator on the monthly chart is also showing bullish divergence in the oversold region on the monthly chart. Whether investing for long term reasons or investing for a long term swing, this area looks great for a watch candidate. If you considering this play, please remember to do your own due diligence and review any fundamental/economic factors to add to this technical breakdown of Disney's price chart.
NYSE:DISLong
by Stockstradamus_
2
DIS - Price Targets & Stop Loss📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red = Stop Loss 🟢 Green = 1.2:1 Risk Reward Ratio 🟡 Yellow = 1.5:1 Risk Reward Ratio 🔵 Blue = 2:1 Risk Reward Ratio 👀 So what are we looking at today…!!! 🚨( DIS ) The Walt Disney Company🚨 The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii. Further, it licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; provides consumer products, including licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.
NYSE:DISLong
by sststrategy
Disney to find support at psychological support.Disney - 30d expiry - We look to Buy at 100.22 (stop at 96.86) Previous resistance at 100 now becomes support. Trading close to the psychological 100 level. We look to buy dips. Short term momentum is bullish. We look for a temporary move lower. Bespoke support is located at 100. Support could prove difficult to breakdown. Our profit targets will be 108.44 and 110.44 Resistance: 108.84 / 113.00 / 118.00 Support: 104.50 / 100.00 / 98.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:DISLong
by VantageMarkets
Disney - Let The Fun Begin! 🎩Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on MONTHLY: Left Chart DIS is sitting around a strong support in green 85.0 - 95.0. For the bulls to take over long-term, we need a break above the blue resistance 120.0 Meanwhile, since we are around a support zone , we will be looking for buy setups on lower timeframes. 🏹 on DAILY: Right Chart For the bulls to take over short-term, we need a break above the last high in gray. Meanwhile, until the buy is activated, DIS can still trade lower inside the monthly support or even break it downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:DIS
by TheSignalyst
1
Descending TriangleThe momentum feels Down. This is in a Descending triangle and this is a neutral pattern. Price has not reached short entry level. I listed 2 entry levels as price has broken this triangle before and support kicked in. No recommendation. The awesome oscillator is a technical indicator that is used within the financial markets to confirm or disprove trends on price charts. These charts compare current data to historic data with the aim of predicting momentum in the markets. Like MACD, taller bars equal more momentum than smaller bars. This oscillator is based on moving averages. Short when triangle fails and short entry level is met (ES)
NYSE:DIS
by lauralea
29