Bullish vs. Bearish (179 opinions)
Social Sentiment 0.06
DIS Forecast and Technical Stock Analysis
Buy candidate since 2019-11-15 Gain 2.06% PDF
Walt Disney Company (The) gained 2.06% in the last trading day ( Monday, 18th Nov 2019 ), rising from $144.67 to $147.65 During the day the stock fluctuated 3.72% from a day low at $143.69 to a day high of $149.04. The price has been going up and down for this period, and there has been a 11.08% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.76 million more shares were traded than the day before. In total, 14.99 million shares bought and sold for approximately $2 213.79 million.
- 30 day high of the DIS stock price was $150.63 and low was $128.75.
- 90 day high was $150.63 and low was $127.54.
- 52 week high for Walt Disney Company (The) - $150.63 and low - $100.35.
Walt Disney Company (The) is at the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity but a break-up through the top trend line at $148.72 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend, you can expect Walt Disney Company (The) with a 90% probability to be traded between $123.38 and $148.69 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Walt Disney Company (The) holds buy signals from both short- and long-term moving averages. In addition, 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 $143.07 and $133.03. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday November 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 78 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Walt Disney Company (The) finds support from accumulated volume at $147.15.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.35 between high and low, or 3.72%. For the last week, the stock has had a daily average volatility of 4.05%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $140.01 (-5.18%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)
4.05 %Average volatility
Very Low Low Medium High Very High
Several short-term signals 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 period.
Also 74% of user sentiment are positive to the stock. The sentiment is based upon 179 votes on StockTwits.
|DIS $147.65 ($2.98 2.06%)|
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