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Disney: Bullish Reversal, Upside Potential +10% ?Hi Realistic Traders, let's delve into the technical analysis of NYSE:DIS
Following the breakout of the bearish trendline and double bottom pattern (signaling a Bullish Reversal), Disney sustained its upward trajectory beyond the double bottom and the EMA90 Line. Furthermore, a falling wedge pattern emerged near the EMA90 Line, suggesting a continuation of the bullish trend. Subsequently, the price surpassed the falling wedge pattern, accompanied by the MACD line crossing above the signal line, reinforcing the likelihood of a bullish signal toward the target area. These technical indicators typically validate the potential for a bullish trend continuation.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Disney."
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Earnings Beat and Epic Game Partnership Drive Disney Stock SurgeIn a strategic leap into the gaming universe, The Walt Disney Company ( NYSE:DIS ) has stunned investors and enthusiasts alike with its latest announcement of a staggering $1.5 billion investment in Epic Games, the mastermind behind the global sensation Fortnite. This landmark partnership promises to reshape the landscape of entertainment, ushering in a new era of collaboration between the realms of gaming and beloved Disney franchises.
The excitement reverberated through the markets as Disney ( NYSE:DIS ) shares soared by an impressive 7% in premarket trading following the release of its first-quarter earnings report. Despite revenue remaining steady year-on-year, the company surpassed earnings expectations with an impressive $1.22 per share, outperforming forecasts by a significant margin.
CEO Bob Iger's revelation of Disney's ( NYSE:DIS ) foray into gaming represents a bold step forward, marking the company's most significant investment in the sector to date. With this substantial stake in Epic Games, Disney aims to harness the immense popularity of Fortnite and leverage its vast array of intellectual property, spanning Disney, Pixar, Marvel, Star Wars, and Avatar, to create captivating new gaming experiences.
The collaboration between Disney ( NYSE:DIS ) and Epic Games holds boundless potential, offering fans the opportunity to immerse themselves in a rich and expansive gaming universe teeming with beloved characters and iconic settings. From pulse-pounding adventures to imaginative worlds, the possibilities are limitless as two entertainment giants join forces to push the boundaries of interactive entertainment.
But Disney's ( NYSE:DIS ) ambitions extend far beyond the realm of gaming. The company's visionary roadmap includes the launch of an ESPN streaming service slated for 2025, further expanding its digital footprint and captivating sports enthusiasts worldwide. Additionally, Disney+ subscribers can look forward to an exclusive version of Taylor Swift's Eras Tour movie, adding yet another dimension to the platform's diverse content offering.
Despite challenges in its Parks business and a decline in linear television, Disney's ( NYSE:DIS ) steadfast commitment to innovation and strategic growth initiatives has garnered support from investors and analysts alike. Ben Barringer, a technology analyst at investment manager Quilter Cheviot, lauded Disney's stable revenue and effective cost management strategies, underscoring the company's resilience in navigating a rapidly evolving entertainment landscape.
Conclusion:
As Disney ( NYSE:DIS ) sets its sights on a future brimming with possibilities, the partnership with Epic Games serves as a testament to its unwavering dedication to captivating audiences across every conceivable platform. With creativity as its compass and innovation as its engine, Disney continues to redefine the boundaries of storytelling, leaving an indelible mark on generations to come.
Earnings Expectation for 2/7 $DIS $PYPL $PAYC $ MAT📊 Earnings Watch: February 7th
Investors, mark your calendars! A mix of high-profile companies are set to report their quarterly results. Let's take a quick dive into what's expected:
🎢 Disney ( NYSE:DIS )
The magic of Disney will be put to the test as they're expected to report an EPS of 0.98 and a revenue of 23.64B. With a historical beat rate of 76%, will Disney continue to enchant the market?
💳 PayPal ( NASDAQ:PYPL )
The digital payments giant is up with an anticipated EPS of 1.36 and a revenue forecast of 7.87B. Holding an 84% beat rate, all eyes are on NASDAQ:PYPL to see if they can keep up the momentum.
💼 Paycom Software ( NYSE:PAYC )
As a leader in the online payroll services, NYSE:PAYC is set to report an EPS of 1.78 and a whopping revenue of 422.53M. They have a solid track record with a 74% beat rate. Investors will be keen to see if they continue to excel.
🧸 Mattel ( NASDAQ:MAT )
The toy manufacturer is expected to deliver an EPS of 0.31 and a revenue of 1.66B. With a more challenging beat rate of 58%, NASDAQ:MAT will need to pull a rabbit out of the hat to surpass expectations.
🔍 As these giants reveal their financial health, it's not just about the numbers, but also the story they tell about the consumer market and economic trends. Keep your portfolios ready for any surprises!
#EarningsSeason #StockMarket #InvestmentInsights
DIS TURBULENCE FIXED?CEO Bob Iger returned to Disney last November but faced myriad challenges.
Iger said Disney was considering selling ABC and other TV assets.
According to Buffett, a good manager isn't enough to overcome a bad industry.
When a manager with a reputation for brilliance tackles a business with a reputation for bad economics, the reputation of the business remains intact. Iger's contract recently was extended through 2026, showing Disney's board has confidence.
KEY POINTS I AM LOOKING AT :
Walt Disney Co.’s shares have lagged the S&P 500 in recent years.
Disney is transitioning to relying more on a direct-to-consumer streaming model.
The company is focused on cost-cutting and profitability and exploring potential restructuring and divestment options.
DIS: is a diversified global media and entertainment conglomerate that operates several types of businesses, including theme parks, television production, filmed entertainment and direct-to-consumer streaming video
QUOTE FROM IGERS : Iger said they are moving on to building the business. “(This is) reinforced by the important restructuring and cost efficiency work we’ve done this year, and we’re on track to achieve roughly $7.5 billion in cost reductions.”
Disney shares broke out to the upside in 2019 ahead of the launch of its highly anticipated Disney+ streaming service. Disney shares hit their all-time intraday high of $203.02 on March 8, 2021, but now trade at around $99.00 as of 2/7/2024
THING THAT CAN PUH STOCK HIGHER : CONFIDENCE FOR INVESTORRS
Disney’s most recent stock split was a 3-for-1 split in July 1998
The streaming platform still has significant long-term subscriber growth potential, particularly in international markets. Disney’s deep content library of original series and movies and its large collection of cable TV, movie and theme park assets create opportunities to divest underperforming businesses and restructure the company to improve profitability and pay down debt.Opportunity to further monetize its large streaming subscriber base.
Potential to further grow its streaming subscriber count, particularly in international markets.
A deep, valuable content library and collection of top-tier TV, movie and theme park assets create restructuring, divestment and cost-cutting opportunities.
after earnings i would love to see the stock at about a low of 103 and a high 113 1- 2 months out prior to 4/18/2024
DISNEY BACK TO 95 AFTER EARNINGS Disney, a global entertainment conglomerate, has been facing challenges in recent years. The company’s traditional revenue streams, such as theme parks and movie theaters, have been hit hard by the COVID-19 pandemic1. Furthermore, Disney’s streaming service, Disney+, while successful, is facing stiff competition from other platforms like Netflix, Amazon Prime, and HBO Max1.
Here’s a short idea based on this information:
Short Thesis: Disney’s stock could be overvalued given the challenges it faces. The impact of the pandemic on its traditional businesses and the intense competition in the streaming market could put pressure on its earnings. Therefore, there could be a potential short opportunity.
Key Risks: Disney’s diverse portfolio of assets and strong brand recognition could help it weather these challenges. The success of Disney+ and the potential recovery of its traditional businesses as the pandemic eases could lead to a turnaround in the company’s fortunes.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS before the previous earnings:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 95usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Possible Left Shoulder to Form in DIS I've wanted to buy DIS for quite some time. I like buying things down hard. But have held off on account of, well - it sucking.
However, we have now a bit more encouraging action with some early signs the downtrend may be failing.
Even in a net down move we could see a strong spike here. Taking some longs. Probably shorting a rally.
The Walt Disney Analysis: Looking at the 3-Day Timeframe 🐭The Walt Disney Company NYSE:DIS , a subject of much discussion due to its corporate policies, is under our lens today. On the grand scale, specifically the 3-day timeframe, we observed the conclusion of Wave (4) with the onset of the pandemic, followed by the completion of the first cycle at $203. Currently, we seem to be finalizing a significant Wave II - the overarching Wave II in this case.
🔎 A closer look suggests a clear 5-wave structure downwards towards our Wave (A). Considering this, it seems to align with a zigzag pattern. Consequently, we should now expect a 3-wave structure leading to Wave (B). This Wave (B) is anticipated to fall between 61.8% and 78.6%. Given that the 38.2% Fibonacci retracement from Wave 5 to Wave (A) precisely aligns with our subordinate Wave 4, we presume that's where our Wave A will be situated.
📉 Following this, we expect the emergence a Wave C forming a zigzag pattern. This would indicate a significant drop below the $80 level, which has been the level for both Wave (4) and Wave (A) so far.
Bottom Formation with Dark Pool Buy Zones: DISNYSE:DIS reports earnings next week and is attempting to complete the bottom formation that started last summer. The stock must now sustain above the bottom completion level at $95.
Even though the market is over-speculating many index components, this stock is more likely to have sideways trends or platforms if the price holds above the new support level to complete its bottom.
Dark Pool buy zones are evident within the bottom formation, providing fundamental and technical support.
DIS Bullish IdeaDIS seems like it's ready to breakout of its range. The volume is picking up, contractions are getting tighter, there's a cup & handle pattern, vwap is suggesting that buyers are supporting the stock price, and the higher timeframes align.
Disclaimer: This is strictly an idea of what "could" happen and is in no way a recommendation. Please remember to always do your own analysis.
DIS AnalysisPrice is in a consolidation phase since November 2023. With price showing bullish momentum here, I'm expecting the next target to be the clean highs at 96.51, followed by the fair value gap at 97.58. Unfortunately price is unable to push lower to fill the lower fair value gap before climbing higher as originally expected.
$DIS - Nearing a flag breakout!NYSE:DIS There is a good chance that Disney could break out of the flag it's been trading inside. My analysis and targets from Dec 14, 2023, remain unchanged.
The stock needs to get above $96 resistance for a chance for further upside.
A golden cross, MACD bullish crossing, RSI positive turn all support the bullish momentum behind the stock, suggesting a potential flag breakout.
The upside targets stated in my previous post:
$96
$104
$108
$120
Downside risk:
$85
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IGNORE THE FUD, BUY $DISThe entertainment industry giant, NYSE:DIS , has recently been the talk of the town with many interesting developments. It appears that the stock has already been priced in and is currently at its lowest point. This could be an excellent opportunity for investors to seize the moment and invest in a company with a proven track record of success. Don't miss out on the potential gains that could come with investing in NYSE:DIS today.