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WALT DISNEY COMPANY (THE)WALT DISNEY COMPANY (THE)WALT DISNEY COMPANY (THE)

WALT DISNEY COMPANY (THE)

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DISCL trade ideas

$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.
NYSE:DIS
by LaTroy82
2
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.
NYSE:DISLong
by HayeTrading
8
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
NYSE:DISLong
by FinesseTheWave
1
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. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:DIS
by TradeStation
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
NYSE:DISLong
by Options360