Disney Stock Forecast
Disney stock price down 1.01% on Thursday
(Updated on Apr 25, 2024)
The Disney stock price fell by -1.01% on the last day (Thursday, 25th Apr 2024) from $113.92 to $112.77. During the last trading day the stock fluctuated 2.26% from a day low at $110.39 to a day high of $112.89. The price has fallen in 6 of the last 10 days and is down by -3.74% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $886.27 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $112.42 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.86% during the next 3 months and, with a 90% probability hold a price between $130.25 and $147.84 at the end of this 3-month period.
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DIS Signals & Forecast
There are few to no technical positive signals at the moment. The Disney stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $112.91 and $115.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -8.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Disney stock
Disney finds support from accumulated volume at $110.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.50 between high and low, or 2.26%. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DIS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Walt Disney Company (The) to open at $112.02, and during the day (based on 14 day Average True Range), to move between $110.51 and $115.03, which gives a possible trading interval of +/-$2.26 (+/-2.00%) up or down from last closing price. If Walt Disney Company (The) takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $112.87 (0.09%) than the support at $110.54 (1.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Walt Disney Company (The) stock A Buy?
The Disney stock holds several negative signals and despite the positive trend, we believe Disney will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.605 Sell Candidate Unchanged
Predicted Opening Price for Walt Disney Company (The) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $112.02 ( 0.668%) | $112.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.52 | 1.55 % | |
| R2 | 113.56 | 0.702 % | ||
| R1 | 112.97 | 0.179 % | ||
| Current price: | 112.77 | |||
| Support | S1 | 111.06 | -1.51 % | |
| S2 | 110.47 | -2.04 % | ||
| S3 | 109.52 | -2.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.82 | 8.91 % | |
| R2 | 118.98 | 5.51 % | ||
| R1 | 112.87 | 0.0887 % | ||
| Current price | 112.77 | |||
| Support | S1 | 110.54 | -1.98% | |
| S2 | 108.39 | -3.88% | ||
| S3 | 99.14 | -12.09% |
DIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Jul 08, 2024 | Jul 25, 2024 | $0.450 | 0.399% |
| 2 | Feb 07, 2024 | Jul 05, 2024 | Jul 25, 2024 | $0.450 | 0.399% |
| 3 | Nov 30, 2023 | Dec 08, 2023 | Jan 10, 2024 | $0.300 | 0.336% |
| 4 | Dec 04, 2019 | Dec 13, 2019 | Jan 16, 2020 | $0.88 | 0.606% |
| 5 | Jun 26, 2019 | Jul 05, 2019 | Jul 25, 2019 | $0.88 | 0.614% |
FAQ
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