- Analytics
- Technical Analysis
Walt Disney Technical Analysis - Walt Disney Trading: 2022-08-12
Disney Technical Analysis Summary
Above 123.21
Buy Stop
Below 105.33
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Disney Chart Analysis
Disney Technical Analysis
The technical analysis of the Disney stock price chart on daily timeframe shows #S-DIS,Daily is rebounding after hitting twenty-four month low a month ago and is rising toward the 200-day moving average MA(200). We believe the bullish momentum will persist after the price breaches above the upper boundary of Donchian channel 123.21. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 105.33. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (105.33) without reaching the order (123321), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Disney
Disney reported higher than expected number of new subscribers for the third quarter. Will the Disney stock price persist advancing?
Disney reported 152.1 million Disney+ subscribers in the three-month period, up 31% over the same period a year ago and above the estimated 148.4 million. The company also reported above-expected revenue at $21.5 billion, up 26% over year and just above the analyst consensus of $21 billion. Several analysts including from Goldman Sachs , Credit Suisse and Guggenheim upgraded Disney’s stock price targets. Higher than forecast subscription is bullish for Disney stock.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.