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Weaker Buy Today DIS ranks #1403 as BUY CANDIDATE #1403 Stronger Buy

DIS stock forecast Walt Disney Company (The)

DIS stock forecast

Monday June 24, 2019 Change -0.72% Price $139.22
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Social Sentiment for DIS

Today's data is from 7 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.35

Will DIS stock price go up or down on Tue, 25 Jun 2019?

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Walt Disney Company (The) Forecast and Stock Analysis

Technical DIS stock analysis for Monday June 24, 2019.

Buy candidate since 2019-06-24


Walt Disney Company (The) fell by -0.72% in the last day ( Monday, 24th Jun 2019 ) from $140.23 to $139.22 and has now fallen 3 days in a row. During day the stock fluctuated 1.94% from a day low at $137.80 to a day high of $140.47. The price has fallen in 6 of the last 10 days , but is still up by 1.57% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4.41 million shares and in total 9.17 million shares bought and sold for approximately $1 277.04 million.

Quick summary:

  • 30 day high of the DIS stock price was $143.51 and low was $130.78.
  • 90 day high was $143.51 and low was $108.27.
  • 52 week high for the Walt Disney Company (The) - $143.51 and low - $100.35.

Trend

Walt Disney Company (The) lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $137.69 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.52% during the next 3 months and, with 90% probability hold a price between $165.95 and $189.07 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Walt Disney Company (The) holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $140.61. On a fall, the stock will find some support from the long-term average at approximately $135.68. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday June 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Thursday June 20, 2019 and based on theory for this formation the price should fall by -4.90% to $136.84 within 5 trading days since signal was issued (Thursday June 27, 2019).

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $132.04 and $130.06.

There is 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, Walt Disney Company (The) finds support just below today's level at $132.04. If this is broken, then the next support from accumulated volume will be at $130.06 and $107.79.

Support: $132.04 Price: $139.22 Resistance: $139.30

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.67 (1.94%) between high and low. For the last week, the stock has had a daily average volatility of 2.02%.

Our recommended stoploss: $132.51 (-4.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

2.02 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate Upgraded
Weaker Buy Today DIS ranks #1403 as BUY CANDIDATE #1403 Stronger Buy

Will DIS stock price go up or down on Tue, 25 Jun 2019?

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