The Walt Disney Company Stock Forecast

Strong day for The Walt Disney Company stock price on Friday rising 20.00% to £0.600
(Updated on May 10, 2024)

DIS.L Signals & Forecast

The The Walt Disney Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.571 and £0.566. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 20.00%. Further rise is indicated until a new top pivot has been found. The Walt Disney Company has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for The Walt Disney Company stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.550 and £0.500. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Walt Disney Company finds support just below today's level at £0.550. If this is broken, then the next support from accumulated volume will be at £0.500 and £0.475.

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 £0.0100 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 5.55%.

Our recommended stop-loss: £0.576 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DIS.L) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect The Walt Disney Company to open at £0.603, and during the day (based on 14 day Average True Range), to move between £0.542 and £0.658, which gives a possible trading interval of +/-£0.0584 (+/-9.73%) up or down from last closing price. If The Walt Disney Company takes out the full calculated possible swing range there will be an estimated 19.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.625 (4.17%) than the support at £0.550 (8.33%), 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 The Walt Disney Company stock A Buy?

The Walt Disney Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for The Walt Disney Company of Monday, May 13, 2024

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