Disney Stock Forecast
Disney stock price down 0.116% on Friday
(Updated on May 17, 2024)
The Disney stock price fell by -0.116% on the last day (Friday, 17th May 2024) from $103.37 to $103.25. During the last trading day the stock fluctuated 0.757% from a day low at $103.04 to a day high of $103.82. The price has been going up and down for this period, and there has been a -9.16% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 7 million shares were bought and sold for approximately $740.28 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $102.66 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.80% during the next 3 months and, with a 90% probability hold a price between $99.78 and $117.58 at the end of this 3-month period.
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DIS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.467%. 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 $104.59 and $112.34. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Disney stock
Disney finds support from accumulated volume at $102.77 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 $0.780 between high and low, or 0.757%. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $96.84 (-6.21%) (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) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Walt Disney Company (The) to open at $103.37, and during the day (based on 14 day Average True Range), to move between $100.84 and $105.66, which gives a possible trading interval of +/-$2.41 (+/-2.33%) 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 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $102.77 (0.46%) than the resistance at $105.39 (2.07%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.536 Hold/Accumulate Unchanged
Predicted Opening Price for Walt Disney Company (The) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $103.37 ( 0.116%) | $103.25 |
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 | 104.15 | 0.87 % | |
| R2 | 103.85 | 0.583 % | ||
| R1 | 103.67 | 0.405 % | ||
| Current price: | 103.25 | |||
| Support | S1 | 103.07 | -0.172 % | |
| S2 | 102.89 | -0.351 % | ||
| S3 | 102.59 | -0.639 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.98 | 15.23 % | |
| R2 | 111.95 | 8.43 % | ||
| R1 | 105.39 | 2.07 % | ||
| Current price | 103.25 | |||
| Support | S1 | 102.77 | -0.465% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Jul 08, 2024 | Jul 25, 2024 | $0.450 | 0.436% |
| 2 | Feb 07, 2024 | Jul 05, 2024 | Jul 25, 2024 | $0.450 | 0.436% |
| 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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