The Walt Disney Company Stock Forecast

Red day on Wednesday for The Walt Disney Company
(Updated on May 15, 2024)

WDP.F Signals & Forecast

There are few to no technical positive signals at the moment. 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 97.36€ and 105.65€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -17.05%. 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). The Walt Disney Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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.

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 4.42€ between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 1.73%.

The Walt Disney Company is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Thursday 16th

For the upcoming trading day on Thursday, 16th we expect The Walt Disney Company to open at 95.05€, and during the day (based on 14 day Average True Range), to move between 91.80€ and 96.40€, which gives a possible trading interval of +/-2.30€ (+/-2.45%) 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 4.89% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 97.53€, some 3.43€ (3.65%) from the current price of 94.10€, 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: -3.092 Sell Candidate Unchanged

Predicted Opening Price for The Walt Disney Company of Thursday, May 16, 2024

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