Puts Disney now is the momentPrice is testing the broken support now resistance. There are several bearish patterns on this one. The has been falling for months. It is work you buy some puts here.
DIS trade ideas
Technical and digital analysisWe notice that we are in a correction to the downside, and there is a selling momentum, waiting for the correction to end to enter
$DIS, a story within the storyWith its earnings approaching, could the results and the guidance be the catalyst needed to turn the stock around. This could be a great opportunity and worth analyzing the chart technically. It appears as the stock is starting to gain some attention in the near term as volume picks up and its forming what appears to be a falling wedge (bullish). On the larger scale of things, the stock still has some work to do. Near term, if the stock closes and holds above $88, I would be interested in taking a small position with stops in place leading into the company’s earnings.
Analysts predict 38% Upside for DisneyDisney's shares fell this week to their lowest point in 2023, largely due to the SAG-AFTRA strike. Disney is sat right near the bottom of its 24 month range, and just 10% off its COVID driven March 2020 low of $79.
Despite the negative moves, experts predict that Disney's shares will rise to $120.53 in the next 12 months, a 38.25% gain on current prices. This is based on 18 analysts price targets for Disney in the last 3 months. The average price target is $120.53 with a high forecast of $147.00 and a low forecast of $88.00.
Disney, along with its sports channel ESPN, are looking at deals with some of the biggest sports leagues in the US; the NBA, NFL, and MLB. Disney and Warner Bros. Discovery have special rights to negotiate with the NBA, which will end in 2024.
Strangely though, Bob Iger, the boss of Disney, hinted that they might sell part of ESPN, which it currently owns 80% of.
Disney is moving from cable to live sports as more people are cutting their cable subscriptions. It's unclear what Disney's competitors think about this change, especially if the sports leagues buy a part of ESPN.
There are potential headwinds ahead though.. A strike from a group called SAG-AFTRA and a decrease in spending by Netflix in 2023 might cause Disney's costs to rise. This could cause delays in releasing new movies and TV shows, which could lower Disney's earnings.
Disney recently said that Iger will stay as the CEO until 2026. This news was well-received, but Iger's earnings caused some fuss. He could see earnings above $27 million this year, 535 times more than the average pay Disney employee.
Despite making so much money, Iger has faced criticism for his comments about the striking writers and actors, with some people calling him out of touch.
Disney's problems go beyond just PR. The company has issues with planning for the future and dealing with its structure. They’re currently looking for a new Chief Financial Officer to replace Christine McCarthy, whose tenure lasted over 23 years.
All this is happening when people are questioning why CEOs earn so much more than their employees, a big topic in the fight against income inequality.
However, this negative sentiment should prove to be temporary. I believe Disney stock is headed higher in both the short and medium term and the March 2020 low should hold, making this an attractive entry point.
Disney -Big Short oppI think there is a complex H&S over last decade that has formed here and with Disney's terrible losses at the box office, pretty sure this is a good bet for a short opp.
Wdyt?
Disney Finding It's Place In The MarketHistorical Performance: Over the years, Disney's stock has shown long-term growth and has been considered a stable investment for many shareholders. However, it's important to note that past performance is not indicative of future results, and the stock market can be subject to fluctuations and risks.
With all of its attractions and streaming products disney will be here for a while and I do think looking at it short term it's been consolidation quite abit at these levels.
On the visible rang volume profile it shows on the 4 hr chart it show consolidation levels at 88.46 - 89.19 and 91.68 - 92.81. If disney falls under 88.46 if could possibly test 87.34 again.
It also shows point of control at $92.25. which means it there's a lot of buying pressure at that level.
It has a huge gap to fill starting at $95.10 all the way up to 96.61. That leads me up to the earnings. The cause for that drop came from a missed earnings which out of the last 6 they missed 3 and beat 3 every other one. If were being optimistic since they missed the last one they should beat this earnings coming up bases off pattern. But, Of course a lot of other things play into their financials.
Looking for a run up prior to earnings to at least mid 90s if it cant break these consolidation zone.
I do think this is more of a long term hold. Next resistance after gap fills we should see disney at the $100 levels.
Trade Responsible,
#TradeTheWave
DIS AnalysisPrice did not play out as analyzed last week. Price is showing strong bearish momentum within the current bullish POI. Despite this, we should wait for the lows at 84.07 to be taken before we can consider a short. If short scenario play out, I'm expecting a bullish retracement into the bearish POI at 90.71 and potentially taking out the lows at 79.07.
Disney Could Be Losing Its MagicWalt Disney has lagged the broader market this year, and now traders may see risk of further downside with earnings due on August 9.
The main pattern on today’s chart is the succession of lower highs in May, June and July. Combined with the late-May low around $87, those peaks have created a descending triangle. The media stock closed below the bottom yesterday, a potential sign of support breaking.
Next, the 50-day simple moving average (SMA) tried to climb above the 200-day SMA in March. But that bullish “golden cross” turned into a bearish “death cross” the following month. That may suggest its longer-term down trend remains in effect.
Finally, MACD just turned lower.
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OOPS!Red candle that reached below the support line of the symmetrical triangle.
Hefty red candle committed the dirty deed.
Earnings estimated 8-9 AMC.
No recommendation.
Short interest low at just over 1%.
Analysts appear negative on earnings.
Markets like this one can put steel in your backbone )o:
Long DisneyDisney (DIS) is trading at it's major 8 year support level. This is the most obvious long trade I've seen in a very long time. This DIS 1 month chart is very simple. It has DIS historical angle of trajectory centerline with it's major 8 year support level. I will be legging into far dated DIS calls this summer.
Options data:
8/18 expiry
Put Volume Total 2,714
Call Volume Total 15,110
Put/Call Volume Ratio 0.18
Put Open Interest Total 51,314
Call Open Interest Total 79,790
Put/Call Open Interest Ratio 0.64
9/15 expiry
Put Volume Total 50
Call Volume Total 271
Put/Call Volume Ratio 0.18
Put Open Interest Total 85,111
Call Open Interest Total 95,719
Put/Call Open Interest Ratio 0.89
10/20 expiry
Put Volume Total 37
Call Volume Total 139
Put/Call Volume Ratio 0.27
Put Open Interest Total 44,551
Call Open Interest Total 52,948
Put/Call Open Interest Ratio 0.84
1/19/24 LEAPS
Put Volume Total 16
Call Volume Total 221
Put/Call Volume Ratio 0.07
Put Open Interest Total 138,175
Call Open Interest Total 237,288
Put/Call Open Interest Ratio 0.58
DIS, the mid term downturn in progress?Disney's stock price has hit multi year channel top, and at the moment getting rejected.
Does it have more juice to pump above or its gonna be mid term (6 months to 1 year) of retracement.
I am more towards retracement.
First target is around 85 - 90, worst case scenario being 45 - 50
This is only my personal opinion and for research purpose. Not soliciting to buy or sell the equity.
DIS - Weekly Close this week Critical to stay as a BEBE, bullish engulfing candle on the weekly time frame is critical for DIS this week. If it does hold and potentially get stronger, it would be a similar set up as the yellow circle, suggesting 200 is the magnet by next summer. EW and techs support this thesis... should have a clear picture by Friday. The alt count is this could be a wave B up, targets are 150/200 for this wave B. GLTA!
DIS $13 Target$13. $13. $13.
This thing trades like a crypto, it goes higher than it needs to and lower than it needs to.
$200+ to $13.
Just trading what I see.
DIS AnalysisPrice consolidated since my last analysis. My expectations remain unchanged, price is still within the current bullish POI where I'm expecting price to rally potentially to fill the fair value gap at 97.58.
Disney - In Danger TerritoryLose $84 on a high time frame close, we will easily see a target of T1= $70 followed by a main T2= $50. Go woke, go broke bums.
On the contrary, this is the optimal point to go long to play a swing trade if you have faith in disney bouncing back. Stop loss around $84, targets of T1 = $102, T2= $115. I would have to reassess at that point. Wouldn't anticipate resistance flipping on a bounce.
$DIS - Things might be starting to turnNYSE:DIS Looks like things are improving with #Disney. acct/dis is trending up. MACD starting to turn up. The stock refused to break below $87. Breaking above $92 would be bullish. $95 is a hard resistance.
Targets - $95, $100, $110
Downside risk - $86 - $84
DIS AnalysisPrice consolidated and finally broke out of the consolidation from the bullish POI as analyzed last week. From here, no changes in my expectations. I'm expecting price to continue higher to fill the fair value gap at 97.58 next.
Disney stocks are now emerging from a weak triangular !Disney stocks are now emerging from a weak triangular oscillation pattern!
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 of 2020. As shown in the figure, Disney stocks fell unilaterally after completing the head and shoulder positions from March to September 2021! In the past year, Disney's stock market has shown a relatively low large triangle consolidation pattern, with bulls powerless! For a period of time in the future, just use the lowest point in 2020 as the watershed to determine the strength of Disney stocks, above it, slightly strong, and below it, slightly weak!
Has Disney Bitten off more than they can chew? Target $23.30Head and Shoulders has formed on Disney.
Since 2021 at the high of $202.00, the market has crashed down to $89.00
Technically, it's really not looking good for the giant.
21>7
RSI<50
My unfortunate target for Disney is to $23.30.
It sounds ridiculous and it is crazy, considering how they bought Pixar, Marvel, Lucas Films.
I trust the company will get out of the doldrums and I will revisit my analysis. But for now it seems like downside is to come.
Wyckoff Accumulation pattern on DisneyIf we can hold these lows, I believe that there's an accumulation going on that could reverse the Macro downtrend on Disney. ~$90 has been a very important price point for Dinsney in the last 8 years.
This thesis supported by: the stock finding itself at the lows of March 2020, the Monthly RSI being at ~39 and Monthly Hidden Bullish Divergence forming inside of a Falling Wedge.
Disney Should Start to Rip FacesDisney is hitting a trendline from 1998 and 2020, it's chart VS SPX looks amazing and longterm bullish here, at $88 and target is wherever the top of the megaphone lands, maybe $360 if I had to guess, cheers!
#DIS Straddle Detected! Notional value - 2.4M$.Greetings, traders!
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