Disney Greatest Buying Opportunity or Dead Stock?Disney has seen its largest divergence from the s&P500.
What is this telling us?
Is this a rare phenomenon buying opportunity or is the Disney stock dying?
DIS trade ideas
Potential higher prices on DisneyI would beware of all the built up liquidity below this level of support,but I can see the momentum slowing down with every wave to the downside to support and a break of the trendline to show a potential market shift.
Posible long ideeaMix news,fair earnings
If it holds 87.77 level possible reversal with huge potential
Take profits at 94.54 50%
Take profits at 102.85 30%
Take profits at 122.16 20%
Falling Wedge (Breakout & Retrace) (Continued)As in my last publication, the falling wedge played out beautifully as DIS rallied with amazing strength, amassing +4.8% yesterday. The option contract I recommended and alerted was up big time. However, today had a major sell-off (coupled with PPI data release) that looks like a retrace to test the upper trendline. A good bounce near the upper trendline of the falling wedge would allow for a continuation of this breakout.
The mid-88 price (thick red line) appears to be a where it wants to head before bouncing, which coincides with where the upper trendline would be. Using the volume profile, we can also see that the thick redline coincides with a level with strong liquidity. A bounce is highly probable there! I would wait to re-enter a call if it gets near there, perhaps a 90C or 95C November contract.
I no longer hold any positions in DIS after booking the profits from the breakout.
Good luck!
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DIS bullish thesis based on technical analysis and options flowDIS on the weekly chart is testing the golden pocket again, for the 5th time in the past 9 years.
Every time it bounced above golden ratio, upside price action was seen.
Currently above it, with golden ratio being around $86, potential double bottom and a lot of shorts betting against the company with the loss of subscribers, weakness in parks, and their political unpopular views.
Key here will be looking for options activity from big players to see if shorts get squeezed and Mickey Mouse can rise again.
Disney megaphoneLooking at the monthly on Dis NYSE:DIS #dis #Disney as a megaphone and lows are marked at 57 and 68
$DIS DisneyThis is how I see Disney playing out in the near term and into year-end.
1. Currently we got decent quarterly earnings and the stock popped 5%
2. It is peaking above a small descending wedge but I personally would expect some consolidation first in the $88-$92 range before some "news" propels this higher into year end.
DIS (Disney) - 1D - Price breaking wedgeWe can see price broke wedge already.
Im expecting a rally until start of wedge.
Entry = 92
Stop Loss = 83.50
Target = 118
Best Regards!!
Walt Disney long positionOn this chart we can see that Disney stock reached the support again.
We expect the price will remain inside the range.
Target 1 : 109.05 USD
Target 2 : 118.29 USD
Target 3 : 126.34 USD
Stop loss should be placed below the low from December 2022.
Good luck !
Position #3 – WALT DISNEY CO (THE) – 10.08.2023LIMIT BUY @ 90 USD
TP @ 140 USD (55.56%)
SL @ 78 USD (-13.33%)
Technical Analysis
DIS stock has just bounced off an important 5-year support zone, confirming short-term EMA20 support on the daily. During today’s session there were good upside volumes that took prices above the EMA50. The threshold to be recovered is the EMA200 on the weekly (now at 91.65 USD), above which I expect a sudden rise towards 100/120 USD. First support in the 85 USD area, where there seems to be very good demand. After that, critical support is found in the 78 USD area (where I placed the SL for this position). This is a 2014 low!
Fundamental Analysis
Disney’s financial health is solid. The debt load has increased because of the Fox acquisition and pandemic-related cash flow challenges. The firm ended September 2022 with $48 billion in total debt outstanding, which equals 3.2 times adjusted fiscal 2022 EBITDA, an acceptable level for a media firm. Earnings (EPS) exceeded expectations in Q3-2023 although with Revenue slightly below expectations. Although a slowdown is still estimated for the last quarter of this year, the forecast for 2024 is rosy with an annual EPS of 5.02 (close to the pre-pamdemic level).
According with Morningstar Analyst: Parks and resorts segment will rebound strongly from the pandemic as families still view the parks as a prime vacation destination. Disney+ has a long runway for growth available in both the U.S. and internationally. The firm’s original series and the deep and constantly expanding library will drive the growth. Although making movies is a hit-or-miss business, Disney’s popular franchises and characters reduce this volatility over time. Additionally, the firm’s annual slate does not generally rely one big picture, reducing the downside from a flop. (Fair Value: 145.00 USD – Moat: Wide)
Last but not least, Disney is investing in artificial intelligence to further cut production costs.
Dis at weekly support lineBounce and happy micky or break and sad mickey. My feeling is bounce back up to test 200ma into 2nd half of the year.
Disney - A Long Term Investors Opportunity?Disney NYSE:DIS
- Three decade long parallel channel in GREEN.
- We are reaching the bottom support line of the GREEN Channel (little downside remaining)
- We can enter this positive divergence trade with a clear stop loss level anywhere under the downward sloping line on the chart. Also, we could exit the trade and cut losses if the RSI support line is broken. We have defined reasonable risk levels for this trade.
- Long term Investors or DCA folk could enter all the way down to the low green resistance line. It we lost that i think would cut my losses and wait to see what happens.
All in, there is a confluence of;
- Short term support (sloping lower line or RSI support Line)
- Both the same lines highlight a positive divergence opportunity.
- Long term support in green
- Clear stop loss levels under any of these lines depending on your time horizon
Happy Trading Folks
PUKA
Just the beginning guysDo you remember when NASDAQ:NFLX (Netflix) faced a password crackdown?, Something similar is happening here NYSE:DIS (Disney). This might indicate that Disney's stock is currently SUPER undervalued.
In addition to this bullish flag (10%up), there are more patterns in progress, so this will surely be the lowest price we will see at Disney for a long time.
DISWorth watching
Expected: We are in corrective wave number 2, and it is nearing its end
And a slight downward slide remains, perhaps during the next two days.
The most important thing is that 84.07 is not broken under any circumstances, and if this number is broken, the perception fails.
Note: This analysis is part of my view of the movement and therefore please do not take this as a recommendation to buy or sell.
$DIS - Its make or break timeNYSE:DIS Disney is going into the ER trend line resistance of a descending wedge. Its make or break time.🍿
No one is expecting Disney to report a good quarter. 🙏
Upside Target - $94
Downside Risk - $80
I like YSL so i aint Gunna short $DISUnless you GUNNA you'd probably short but they say dont ever bet against the mouse so VANTAGE:DISNEY at 90+ by the end of the week look very possible. Yellow line would be my first target for tomorrow if it run. really nice set up, hopefully it plays out.
looking at the big picture, price been consolidating since May so if price break out this descending pattern channel, we can potentially fill that gap at 96
DIS earning coming up#DIS earning coming after market tomorrow.
DIS run sideway 85.7$-89.6$ from June 'til Aug .
If #dis hold above 89.7$, next target : 92.4$/95$
if #dis hold below 89.7$, next target : 85.7$/80.7$
DIS AnalysisPrice consolidated since my last analysis. No changes to my original expectations, I'm expecting price to go lower and take out the clean lows at 79.07.
DIS forming wedge before uptick(1D candles)
Disney has been forming a wedge as their nightmare year continues. Besides all news going against them (writer strike, poor film performance), it has been consolidating nicely and it appears there is now light at the end of the tunnel.
I expect a large spike in price by the end of this year so keep an eye out for a cheap discount on DIS stock before a rally. Keep in mind the timeframe, I don't expect the stock to breakout until late October-November.
DISNEY Revisiting a 10 year Support LineThis Technical Analysis is on Disney (DIS), on the 2 Week timeframe.
Our Current Price action is TESTING SUPPORT on this MASSIVE Decade Long SUPPORT LINE.
The 1st time we have ever tested SUPPORT on this was September 29th, 2014.
Highlighted by the RED circles, everytime we've tested this we've had some sort of Price Bounce.
The Most massive gains were from the Bottom of the COVID Crash to the TOP @ approx. $202.00
A Gain of about 154%.
It was also a more evident time to buy as the RSI gave hints along with some other indicators.
Another one being the GOLDEN CROSS where 2 week 21 EMA CROSSED Above 2 week 50 SMA .
Whats happening now?
Currently our 2 week candle, has not yet closed. It will do so August 14th. We will give more clues then. If we maintain support thats GOOD, If we see ourselves below it, and CONFIRM BELOW that would be VERY BAD. This would mean we have broken a 10 year SUPPORT LINE.
We have also had a DEATH CROSS, which is when 21 EMA CROSS below the 50 SMA. This often times causes price to fall as we've recently seen. The moving averages currently seems like there pointing downwards, indicating that price can still drop more.
I would like to see the Moving Averages to flatten out at 180 degrees. To have this happen price needs to bounce from here.
Price is also currently in a downward channel.NOTE how the lower trend line of the channel is below the MAJOR RESISTANCE.
It can be possible that we test this.
Notice the BLACK ARROWS on the RSI and MACD. If you relate them to the lower trend line of the downward channel on Price action. This shows a BULLISH DIVERGENCE. Which is a sign of potential BULLISH MOVE UP.
Bullish Divergence = When Price action shows LOWER LOWS but the indicators show HIGHER LOWS. Usually means price is lagging behind the indicators and eventually PRICE will increase to catch up to the indicators. In normal instances, price moves in sync with indicators.
If PRICE moves BELOW the SUPPORT, its possible we touch this area indicated by the BLACK ARROW, which coincides with the horizontal black line that touches the previous candle wicks. This would put the BULLISH DIVERGENCE at play. Look to see in the upcoming weeks what happens.
Some danger signs are seen in the indicators:
RSI -> Currently our ORANGE RSI Line as moved below the BLACK Moving Average. If you look left it has always been associated with price drops. If we continue to stay below, risk of price drop remains.
MACD-> Notice how the size of the GREEN histograms have been decreasing, indicating a slow down on MOMENTUM. If we don't see bigger GREEN histograms print, next likely thing is the appearrance of RED Histograms which will indicate increased probability of PRICE going down.
ADX -> Highlighted zone shows RED LINE above GREEN. This indicates that bearish momentum is present. As long as RED line is ABOVE GREEN, likelyhood of bearish momentum and price falling is probable.
CONCLUSION:
Disney has reached the CRITICAL SUPPORT line for the 5th time in the 10 year history of this SUPPORT LINE. Everytime when it did so as seen in previous history, its been known to be decent area to BUY. Is it a good area to buy? In my opinion its hard to tell in this moment. For one, we should wait till the close of this CURRENT 2 week candle on the 14th of August. Something to note, everytime we test a trendline, support or resistance, each time it gets weaker. Keeping this in mind, with the warning signs in the indicators and a potential BULLISH DIVERGENCE, a scenario that can be possible: we break it, to test the lower trend line of the Downward channel, only to have prices MOVE BACK UP. But its important to state that this doesn't have to happen either. We need to be patient and observe what is to come in the coming weeks. Zooming into the smaller timeframes, can also give more concrete short-term clues on direction. Stay tuned for updates on other timeframes.
Thank you for your time! Please do support this idea and my work by boosting, following and commenting. Follow for updates and ideas on other trade-ables.
If you have any questions do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
DIS - Falling Wedge (Bullish)On the larger timeframes, DIS is painting a beautiful falling wedge (bullish) that is lined up with a highly-anticipated ER coming up on 08/09/2023. It is also resting at a huge and major support from 2015 at the $85-86 range.
Ideally, the bullish idea would be for a great ER that will allow DIS to break out above this falling wedge for a run. You can anticipate the run with perhaps longer-dated contracts for call positions.
If you want to be extra safe, definitely consider waiting for a positive ER and ride the momentum as DIS breaks out of the upper trend line to fulfill the bullish falling wedge pattern.
Personally, I would like to see DIS perform well on this ER and reclaim a key price point of $90 to push further back upwards.
Disney stock has maintained strong support in the past 10 weeksDisney's stock has maintained strong support levels in the past 10 weeks
This chart shows the weekly candle chart of Disney stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Disney's stock has maintained strong support levels in the past 10 weeks, with inter district fluctuations above the golden section's 0.236 level! Once Disney stocks close below this strong support level for three consecutive trading days, the downside space opens up and it is likely to fall below the low point of early 2020!
