Walt Disney Technical Analysis | Walt Disney Trading: 2023-05-19 | IFCM India
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Walt Disney Technical Analysis - Walt Disney Trading: 2023-05-19

Disney Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 94.19

Buy Stop

Below 90.73

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2427
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

Disney Chart Analysis

Disney Chart Analysis

Disney Technical Analysis

The technical analysis of the Disney stock price chart on 4-hour timeframe shows #S-DIS,H4 is rebounding after hitting two-month low a week ago and is rising toward the 200-period moving average MA(200). We believe the bullish momentum will persist after the price breaches above the upper boundary of Donchian channel 94.19. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 90.73. 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 (90.73) without reaching the order (94.19), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Disney

Disney no longer plans to build a Florida campus. Will the Disney stock price reverse its retreating?

Disney has abandoned plans to build a $900 million business campus near Orlando and relocate thousands of employees to Florida. At the same time, it is closing its Star Wars themed luxury hotel - Galactic Starcruiser, effective in late September. The two-night experience costs nearly $5,000 for a couple and includes admission to Disney’s Hollywood Studios theme park, through its Star Wars section. The revisions of Disney’s business plans came after Florida governor signed a bill that replaced the board of a special district that let Disney self-govern its Florida resort and theme parks with outside appointees. Earlier in February Disney Chief Executive Bob Iger announced that the company would reduce costs by $5.5 billion as it works to make its streaming TV business profitable.

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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.

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