Disney target 150MY price target for Disney would be 155- 160 .
but i'd suggest my followers to take their profits at 150 , cause the price action could get a lot choppier from there on
Disney
Hold, Go Long if Parks Successfully OpenTechnicals:
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$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:
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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:
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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.
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.
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.
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.
$DIS - potential for more downside? $DIS has had explosive growth in the past 10-15 years, smart acquisitions have allowed for synergies and expanding of operating revenue into multiple spaces (cruise line, theme parks, Hulu, disney+, box office, direct to consumer sales, plethora of irreplaceable IP characters).
However due to COVID19, we could see long-term damage to their growth and continued revenue.
What do you all think, still more room for downside?
DISNEY Technical Analysis ConsiderationsNYSE:DIS
Based on Technical Analysis the idea is to buy up to a target price of 110$ (for now)
Fundamental Analysis says that:
Disney is expected to report earnings from resorts and consumer products fell by $500 million or more in the period.
One bright spot could be the subscriber numbers on its newly-launched streaming service, Disney+ which is benefiting from the stay-at-home environment.
Walt Disney technical analysis 05/02/2020
This is my technical analysis on Walt Disney company. Date:05/02/2020
I expect price of this stock to go up. Watch my technical analysis and give me your opinion.
It is better to not trade during the earning season because market will be really choppy and don't forget you are a trader not a gampler.
DISNEY; We Going to Space Mountain or What?✨ We provide charts every day ✨
Like and Follow to help us grow family! 🎉
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Disney 🐭 has earnings coming out soon. It is likely the Disney+, ESPN+, Hulu, home video, and maybe even some online shopping parts of the business are up. However, theme parks are closed and those parks generate about a third of Disney's total revenue.
Will traders look past the potential theme park related hit on earnings and take us to Space Mountain, or are is this stock about to drop off the Tower of Terror? 🎢
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1. We are looking for a clear uptrend to form or for the downtrend to continue either into earnings or shortly after.
2. Fractal Trend is showing a downtrend (Red bar color) for DIS on the daily. With this strategy, we want to go long ONLY when Fractal Trend is Green and Breakaway scalper shows a Green bar color. Meanwhile, we want to Short Only when Fractal Trend is Red and Breakaway Scalper shows a Red bar color.
3. If traders are bullish on earnings, then we will be looking for a path like the highlighted one in Green to play out. Here we expect reactions at R1 - R4.
4. If traders are bearish, we expect reactions at S1 - S4.
5. Ultimately the chart should tell us whether short term pain in theme park revenue is more important than user growth for Disney+ on other digital media. Keep in mind, the theme park side of their business currently represents a much larger chunk of their total revenue.
Source:
thewaltdisneycompany.com
WALT DISNEY COMPANY (DIS) Weekly, MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Six Flags (Short)I am waiting on this trade to slowly develop, see if the pattern holds for the next couple of days... hopefully, it can be a perfect short coming earnings date (4/30)
Six Flags has been holding $14 strong since April 8th.. I am sure we have not seen the end of COVID-19, I think Six will remain closed for a long time and cause us to fall back to 12 or below!
We have hit $17 three times and have been rejected strongly, I would expect the same from this trade.
Good Luck!