DIS trade ideas
$DIS - Disney during the last week of September (9/27 - 10/1)Mouse Man had a rough week after the CEO guy on TV said no dividends next quarter. Or something? (Honestly, I don't remember).
ANYWAY -- I think more chop is coming next week. The most bearish scenario I have has Disney testing the 168 area, but I won't post that until the price action breaks down a bit more.
Overall market sentiment should play an interesting part too, as some hesitancy still exists for October.
more later,
bye buds.
$DISShares of entertainment conglomerate The Walt Disney Company closed down 4.1% in Tuesday’s trading after the House of Mouse disclosed a disappointing forecast for growth in its Disney+ division.
Chapek warned that the Delta-variant fueled wave of Covid-19 is impacting movie and TV production and will delay releases in the coming months. The pandemic-related suspension of the Indian Premier League cricket season last spring also means less sports content on Disney’s streaming services in India over the summer. And Chapek said that the launch of Star+ in Latin America in recent months had proceeded more slowly than expected.
Taken together, that means Disney+ and its international equivalents might add “low single-digit million” subscribers in the current quarter, which is Disney’s fiscal fourth, Chapek said. Wall Street analysts’ average estimate had been for 17 million additional Disney+ subscribers in the period, according to FactSet.
But when we look at the charts we can see price is bouncing around in a symmetrical triangle on the weekly timeframe.
It’s very hard not to be bullish on Disney but we should keep this on our watchlist and wait for the break before entering this trade.
RSI sitting near 50.
MACD wants to curl.
Watchlist activated.
- Factor Four
$DIS - Ready to move as per Longer TimeFrame Charts As visible n the charts, $DIS has been consolidating in a narrow range for a very long time and its not been a wealth creator for investors since 2015.
On weekly time frame, Bull Power Bear Power indicator suggesting that $DIS may be ready to move ahead but cant say if it will be a multi bagger in coming years or not but its definitely a trading candidate for 20-25% gains from here for a next few weeks .
Disclaimer :
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$DIS back on (weekly)Recently made good money trading Disney and looking to re enter a trade
Weekly MACD ready to cross , nice cupping base.
Purple line is Annual AVWAP , notice the close above AVWAP last week followed by a retest with buyers stepping in keeping price above so far...Bullish
11/19 $195C looks like an idea depending on OPEX price action tomorrow
In Depth on DIS(time frame analysis)I will go in depth on why I believe DIS is an amazing play but will do so by review each time frame one by one. From 15min-Daily-Weekly. We will start with the 15min as I believe that has more expressing to be conveyed.
► LONG 15min Chart(Intraday)
I was already bullish on DIS so I wanted to watch the intraday to make sure this stock wasn't demonstrating a false signal and I believe we have gotten signals indicating to go long. Today we have seen DIS go below a VWAP support that was vital to predicting its future direction but since we have gotten bull signals from the VSLRT and the Stupid Willy, I did not consider this a breakout. Instead we have seen the stock rise and not only close above the VWAP support but the 20sma, which lays within the Bollinger Bands. Next we need to see DIS close above the VWAP resistance I displayed that currently rest at 185.22.
► LONG Daily Chart(Intermediate)
Nothing too notable about the daily chart other than that it has displayed bullishness via the VSLRT indicating that we are seeing volume support the uptrend that we are currently having. Not only that but the Stupid Willy is demonstrating the conventional bull signs such as rising Williams %R and bullish momentum.
► LONG Weekly Chart(Long term)
There is something very bullish that can be seen via the weekly chart and that is the squeeze signal given by the Bollinger Band Width. Basically this signal occurs when we are about to get a big spike in volatility to either the downside or upside. Since the other time frames are bullish while the weekly also displaying bullishness via the VSLRT and the Stupid Willy I think we are about to see a massive up-move for DIS. This is important to note because it is vital to see whether stocks or taking the path of least resistance or are fighting a trend.
DIS 9/12/2021The Walt Disney Company(DIS)
Sector: Consumer Services
Current Price: $184.12
Breakout price trigger: $187.55
Dip Buy levels: $181.50, $178.90, $176.40
Price Target: $189.20-$190.40 (1st), $194.00-$196.80 (2nd), 202.00-204.20 (3rd)
Estimated Duration to Target: 5-6 days (1st), 33-37 days (2nd) 77-85 days (3rd)
Contract of Interest: $DIS 10/15/21 190c, $DIS 12/17/21 200c
Trade price as of publish date: $2.81/cnt, $3.90/cnt
DIS: Watchlist for long/short positionDIS (swing): False breakout on daily wedge
~Watch support at 181.40-182.50. If a bounce is seen we could see an impulsive move towards PT 189.50
^^^Since Aug 19, we have consistently had higher highs/higher lows, so this is the likely scenerio
~If support is broken and we close a day below 180, puts with a PT1: 176 and PT2: 174.50 are likely
Disney is getting ready to move...Whichever channel Disney moves into (hahaha! TV pun) after breaking out of that triangle will determine where she goes.. Personally I think it moves into the steeper angled channel and continue moving up thru the end of the year and then settles into as consolidation channel and moves sideways a bit until Q2 of 2022 earnings.