JJ8
5 days ago
No, I have never seen a 50 year ascending channel in charts.
This could be a record. I haven't checked,
However, within that larger channel, Disney share price still goes up and down with its cycles of price ups and downs.
And at this time, within the larger parameters, Disney share price happens to be in an Ascending Triple Top Breakout, since 25-Nov-2024.
Disney shares in my Portfolio is the third highest percentage in value I own in my Portfolio of other stocks at 9.61%. Profits at 16.3%
Cheers & Happy Holidays
DiscoverGold
2 months ago
Walt Disney Stock Upgraded on Macroeconomic Outlook
By: Schaeffer's Investment Research | September 30, 2024
• Seaport Research upgraded Walt Disney stock to "buy" from "neutral"
• The stock is on track to snap a five-month losing streak
Walt Disney Co (NYSE:DIS) is down 0.2% to trade at $95.85 at last glance, even after Seaport Research upgraded the blue chip stock to "buy" from "neutral," citing its improved macroeconomic outlook. The brokerage also lifted its price target to $108, which is close to analysts' consensus price target of $110.86.
Walt Disney stock is on track to snap a five-month losing streak today, and is fresh off its fourth-straight daily gain. Since the start of the year, the equity is up 6.2%. A short-term dip could soon be on the way, however, as DIS' 14-day relative strength index (RSI) of 90.6 sits firmly in "overbought" territory.
Calls have been much more popular than usual over the last two weeks. This is per DIS' 10-day call/put volume ratio of 4.86 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 96% of readings from the past year.
Options are reasonably priced at the moment, too. The stock's Schaeffer's Volatility Index (SVI) of 23% ranks in the low 13th percentile of its annual range, meaning options traders are pricing in low volatility expectations at the moment.
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DiscoverGold
4 months ago
Disney Bust or Bargain? Here are the Levels to Watch!
By: Karl Montevirgen | August 20, 2024
The House of Mouse has taken a serious nosedive over the last three years, having gone from a high of about $201 down to $89 and change—a 55% drop that feels like one of its roller coaster rides. Not exactly the thrill Disney shareholders were hoping for.
But Disney (DIS) has an ace in the hole, so to speak, that just might be its saving grace: a formidable economic moat (you know...brand strength, intellectual property, diversified segments, economies of scale, etc.).
Is Disney a Near-Term Bust And Long-Term Bargain?
Right now, Disney's facing some big challenges, and the market isn't a fan of short-term uncertainty. But looking ahead, there's plenty of room for a comeback if the company gets its house back in order. Assuming that it eventually does, anyone willing to buy Disney at these levels would be looking for a technical trigger for a longer-term trade. Where might that be?
Disney's Macro Price Action
CHART 1: WEEKLY CHART OF DISNEY. It's virtually back to its 2020 COVID Crash low.
Looking at a weekly chart, Disney's StockCharts Technical Rank (SCTR) score hit a super-bullish 90 twice, but, for the last three years, it's been scraping the bottom of the chart. Currently, Disney's stock price is not too far above its pandemic lows.
Here's another interesting thing: Look at the resistance levels (blue dotted lines) at $115 and $125. Not only do these mark swing high points that repulsed price twice, but the range itself also happens to be the "fair value" range estimated by several fundamentally-based analysts. If Disney's going to bounce back, it needs to break through those resistance levels before any real uptrend can take hold.
Let's suppose it does. If you're looking for an early entry point, where might that be? Let's zoom in on the daily chart.
CHART 2: DAILY CHART OF DISNEY. Watch these levels if you're looking for an early entry point.
If you're looking for an early entry point...
• Wait for a break above the trendline (see blue dotted line and circle) and make sure the volume supports the breakout (plus any follow-through in volume would be welcome).
• You'll also want to see strong momentum. The chart above uses the Chaikin Money Flow (CMF), one of many momentum indicators you can use. Right now, the CMF is at the zero line; you'll want to see a surge in buying pressure.
• Currently, the Relative Strength Index (RSI) is at a midpoint and rising from a bullish divergence (see blue dotted line on the RSI indicator), indicating room for potential upside.
• Lastly, take a look at the magenta rectangle. It marks the potential resistance range from the weekly chart, and also lines up with analysts' "fair value" projections. Translation: Disney might be undervalued right now.
At the Close
So, is Disney a bust or a bargain? The House of Mouse has seen better days, but it's not out of magic just yet. With stocks near pandemic lows and key resistance levels to watch, there's a possible upside for those willing to hang tight. A break above the trendline, fueled by strong buying momentum, just might signal the start of Disney's next chapter. As for now, it's a waiting game.
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DiscoverGold
4 months ago
Walt Disney Insider Trading Alert: Calvin McDonald, CEO of Lululemon and Disney Board of Director, bought $1 million worth of $DIS shares
By: Barchart | August 12, 2024
• Walt Disney Insider Trading Alert
Calvin McDonald, CEO of Lululemon and Disney Board of Director, bought $1 million worth of $DIS shares
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DiscoverGold
4 months ago
Disney (DIS) Stock Lower as Park Demand Slows
By: Schaeffer's Investment Research | August 7, 2024
• Disney reported upbeat results for the fiscal third-quarter
• DIS is brushing off upbeat fiscal third-quarter results
Walt Disney Co (NYSE:DIS) stepped into the earnings confessional this morning, where it reported fiscal third-quarter results. The entertainment giant announced earnings of $1.39 per share on revenue of $23.16 billion, both of which beat Wall Street's expectations thanks to strength in its streaming units, though lackluster demand at Disney parks are weighing on the shares.
At last glance, DIS is 2.6% lower at $87.57. The security has steadily worked lower since a roughly two-year high on March 28, with its 30-day moving average pressuring it lower on the charts. After finishing negative in four of the last five sessions, the stock is 3.5% lower in 2024.
The security's option pits are exploding with activity. Already, 87,000 calls and 45,000 puts have traded hands. That's three times the average intraday volume, with the most activity taking place at the September 80 put.
Bullish bets were already the popular choice too, per the equity's 50-day call/put volume ratio of 3.65 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 91% of readings from the past year. This indicates these bullish bets are getting picked up at a much quicker-than-usual clip.
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