Walt Disney Technical Analysis | Walt Disney Trading: 2022-07-01 | IFCM Hong Kong
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Walt Disney Technical Analysis - Walt Disney Trading: 2022-07-01

Disney Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 92.01

Sell Stop

Above 100.34

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2451
IndicatorSignal
RSI Neutral
MACD Buy
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Disney Chart Analysis

Disney Chart Analysis

Disney Technical Analysis

The technical analysis of the Disney stock price chart on daily timeframe shows #S-DIS,Daily is retreating after hitting all-time high thirteen-months ago and has fallen under the 200-day moving average MA(200). We believe the bearish momentum will resume after the price breaches below 92.01. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 100.34. After placing the order, the stop loss is to be moved every day to the next fractal high, 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 (100.34) without reaching the order (92.01), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Disney

Disney reopened its Shanghai Disney Resort theme park and unveiled a new cruise ship. Will the Disney stock price resume advancing?

Disney reopened its Shanghai Disney Resort theme park on June 29. The theme park was closed for three months due to rising coronavirus infections. Park authorities have put restrictions on capacity, and some attractions, such as Marvel Universe, will stay closed. At the same time a first new cruise ship in a decade was unveiled – the Disney Wish, the fifth vessel in Disney’s fleet. The theme parks and cruise businesses are part of the Parks, Experiences & Consumer Products segment that accounted for 34.6% of second-quarter fiscal 2022 revenues. The segment recorded an operating income of $1.75 billion against the year-ago quarter’s operating loss of $406 million as the revenue surged 109.6% over year to $6.65 billion. Rising revenue expectations as restrictions are lifted across the globe are bullish for the stock price. However, the current setup is bearish for the stock.

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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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