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Disney

DISNEY Technical Analysis ConsiderationsThe Idea is to go long, but wait to see if the trendline will be tested one more time. Fundamental News Disney — An analyst at Wells Fargo hiked his price target on Disney to $118 per share from $107 a share. The analyst maintained his “equal weight” rating on the stock, however, noting “we remain more pessimistic than most on the potential length and depth of the coronavirus pandemic and its impact on Parks operations + Studio production.”
NYSE:DISLong
by Mauriello
Hold, Go Long if Parks Successfully OpenTechnicals: -------------- $117 is approximately the new support level, which also correlates to around a 15% price correction from Q1 high's. Prices appear to be consolidating around this level with no significant breakthrough. Fundamentals: ------------------ While Disney benefited from the recent surge in streaming, its parks and products segment (accounting for ~25%) has significantly lost revenue. Data on Disney's parks re-opening performance will dictate medium term pricing as investors look toward Disney's Q4 earnings. www.statista.com Strategy: ----------- Hold current shares and watch for a horizontal pull across the short term, purchasing if price remains around $117 in conjunction with long term upward signals.
NYSE:DIS
by ConfederateTrader
COVID lingering Sets $DIS Back; Strong SHORT for interimWhile positive news continues to brew for Disney, the continued lingering of the COVID-19 pandemic has prevented its stock from being able to test, climb, and surpass the 120/share mark. Without further news of re-openings to come, expect $DIS to continue to struggle; although, it probably will avoid "Bottoming out" too badly. That said, a second-wave, or spike, in COVID outbreak could prevent Disney from getting back on track anywhere near as quickly as it had hoped. With social distancing guidelines expected to affect park-goers too, it might be a while before people are flocking to the beloved Mouse's parks once again. While there was a strong buying window for $DIS approx. 2-wks ago, it is now back into range of being a strong short opportunity, or a great point to sell off and forget about it. Disney has an uphill battle that is going to be very tough, and while it will rebound, the time frame continues to be one of such indefinite nature that other investments may be the way to go...That is, if capitalizing on "COVID CORRECTION SEASON" is one of your personal investing goals.
NYSE:DISShort
by BDRTrigger33
Disney to the SHORTSThe charts are screaming that its going to drop in my opinion, i'm really seeing a strong head and shoulders formation on Disney right now and despite that amongst the current news no matter whats going on there will be panic tomorrow and someone might as well make some money off of it. Disney isn't ready for a full recovery yet which means theres going to be some sort of sell off. Shanghai Disney while re opened is at 30% occupancy which short term might fuel buys but I don't see it sticking. I definitely am sticking to short right now.
NYSE:DISShort
by StonkMan69
Disney Dips on Missed Earnings- Disney reported a $1.4bn miss to profits in the first three months of FY, as it closed its parks, movie releases and reduced advertising sales. - It reduced capital investment by $900m and suspending a planned dividend payment. It also has furloughed more than 100,000 employees last month. - Technically the stock is bounced of the pitchfork resistance parallel (this has done a great job describing price action). It's now oversold and has broken out of its short term uptrending channel. We expect prices to retest it's previous lows - possibly near the lower pitchfork parallel. - Disney has been a great growth stock over the years - but's it gonna be a slow recovery in big parts of it's business - don't see this stock zooming up.
NYSE:DISLong
by Tuhi_Capital