The Walt Disney Company Stock Forecast
The Walt Disney Company stock price down 1.60% on Tuesday
(Updated on Jul 02, 2024)
The The Walt Disney Company stock price fell by -1.60% on the last day (Tuesday, 2nd Jul 2024) from 91.78€ to 90.31€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.32% from a day low at 90.31€ to a day high of 91.50€. The price has fallen in 6 of the last 10 days and is down by -4.5% for this period. 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 -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately 136.01€ thousand.
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 -16.49% during the next 3 months and, with a 90% probability hold a price between 70.13€ and 79.30€ 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.
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WDP.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Walt Disney Company 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 93.89€ and 94.23€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -5.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Monday, November 06, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, November 06, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for The Walt Disney Company stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 1.19€ between high and low, or 1.32%. For the last week the stock has had daily average volatility of 1.44%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WDP.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The Walt Disney Company to open at 90.71€, and during the day (based on 14 day Average True Range), to move between 88.84€ and 91.78€, which gives a possible trading interval of +/-1.47€ (+/-1.63%) 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 3.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 94.18€, some 3.87€ (4.29%) from the current price of 90.31€, our system finds the risk reward not very attractive.
Is The Walt Disney Company stock A Buy?
The Walt Disney Company 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: -2.502 Sell Candidate Unchanged
Predicted Opening Price for The Walt Disney Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 90.71€ ( 0.439%) | 90.31€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WDP.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.90 | 1.76% |
| R2 | 91.44 | 1.25% |
| R1 | 91.16 | 0.94% |
| Price | 90.31 | |
| S1 | 90.25 | -0.0641% |
| S2 | 89.97 | -0.375% |
| S3 | 89.52 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.42 | 18.95% |
| R2 | 97.53 | 7.99% |
| R1 | 94.18 | 4.29% |
| Price | 90.31 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
WDP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Jul 25, 2024 | 0.417€ | 0.462% |
| 2 | Dec 08, 2023 | Dec 08, 2023 | Jan 10, 2024 | 0.279€ | 0.342% |
| 3 | Dec 04, 2019 | Dec 13, 2019 | Jan 16, 2020 | 0.88€ | 0.675% |
| 4 | Jun 26, 2019 | Jul 05, 2019 | Jul 25, 2019 | 0.88€ | 0.690% |
| 5 | Nov 28, 2018 | Dec 07, 2018 | Jan 10, 2019 | 0.88€ | 0.90% |
FAQ
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