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$94.40 (-1.31%)

Volume: 10.982M

Closed: Jun 30, 2022

Hollow Logo Score: -1.676

Disney Stock Forecast

$94.40 (-1.31%)

Volume: 10.982M

Closed: Jun 30, 2022

Score Hollow Logo -1.676
Which way will DIS go? Request
Thu, Jun 30, 2022 Sell Candidate
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 29 and the stock is currently not being overbought or oversold
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Disney stock price ended on $94.40 on Thursday after losing 1.31%
(Updated on Jun 30, 2022)

Sell candidate since 2022-06-06 Loss -12.45% PDF

The Disney stock price fell by -1.31% on the last day (Thursday, 30th Jun 2022) from $95.65 to $94.40. and has now fallen 5 days in a row. During the day the stock fluctuated 3.13% from a day low at $92.54 to a day high of $95.44. The price has fallen in 6 of the last 10 days and is down by -1.54% 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, 11 million shares were bought and sold for approximately $1.04 billion.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.03% during the next 3 months and, with a 90% probability hold a price between $61.95 and $68.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 21, 2022, and so far it has risen 1.19%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $95.45 and $101.91. A break-up above any of these levels will issue buy signals. 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

Disney finds support from accumulated volume at $94.34 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 $2.90 between high and low, or 3.13%. For the last week, the stock has had a daily average volatility of 3.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday 1st we expect Walt Disney Company (The) to open at $94.13, and during day (based on 14 day Average True Range), to move between $91.18 and $97.62, which gives a possible trading interval of +/-$3.22 (+/-3.41%) 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 6.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $94.34 (0.06%) than the resistance at $104.31 (10.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Walt Disney Company (The) stock A Buy?

Disney holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.676

Sell Candidate Unchanged

Predicted Opening Price for Walt Disney Company (The) of Friday, July 1, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price July 1, 2022 Current price
$94.13 $94.40 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 97.02 2.78 %
95.92 1.61 %
95.23 0.88 %
Current price: 94.40
Support 93.02 -1.46 %
92.34 -2.18 %
91.23 -3.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 115.29 22.13 %
105.21 11.45 %
104.31 10.50 %
Current price 94.40
Support 94.34 -0.0636%
94.28 -0.13%
93.29 -1.18%

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From 27 544 stocks, only a few dozen will trigger such a signal!

About Walt Disney Company (The)

Disney The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company operates broadcast and cable television networks, domestic television stations, and radio networks and stations; and is involved in the television production and television distribution operations. Its cable networks include ESPN, Disney Channels, and ABC Family, as well as UTV/Bindass and Hungama. The company owns eight domestic t... Read more


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