DIS.. so close.Iger better wish upon a star so #DIS can break that R-line. Otherwise, it's a long way back down.
Disney
$DIS Long Opportunity or Short Entry if It CrashesDisney recently announced positive news surrounding it's executives chain and has held a strong uptrend over the course of the last few months. If the stock breaks and closes above $112.86 there's a good opportunity to go long and follow the uptrend. If it breaks downward though, and closes below $111.12, then an opportunity for a credit spread or put position opens for a really short term trade due to the bullish bias.
DISNEY (DIS) IS NEARING MAKE OR BREAK POINTOn March 28, 2017 the Disney (DIS) 200 day moving average (MA) crossed above the 250 day MA. Historically this has occurred 27 times. When this happens, the stock does not always continue to rise. It has a median gain of 2.679% and maximum gain of 13.312% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 65.999. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly looking for direction but trending upward. Per the RSI, DIS has retreated from the overbought level and is moving up.
The true strength index (TSI) is currently 22.1845. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is looking for direction, but has recently began to move up.
The positive vortex indicator (VI) is currently 1.0578. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward, but is stagnating.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current technical wedge pattern, the stock could gain at least another 1.50% over the next two weeks. Today the stock hit its 52 week high. The question is what will be the next resistance level? The stock has been in an incredibly narrow upward trend channel since January of 2017. DIS could quickly hit the top of wedge and significantly reverse downward. Another resistance level could be 114.75 (which is the 1.50% gain from today's close) which was hit multiple times from October – December of 2015 and is attainable in its current narrow trend channel. Another level could be 120.65, last achieved November 23, 2015, or the stock could test its all-time high of 122.08 from August 4, 2015.
DISney Hitting ResistanceDIS is hitting trendline resistance as well as resistance at the 78.6% fib retracement level. CCI and Stoch both showing bearish signals and in overbought territory. With earnings not for a month and a half look economic and political factors will be at play here.
(Weekly) Bearish Gartley Territory // Pull Back into FibsNYSE:DIS
That's why "they" are talking so much of it...They just don't understand... :)
Safe Trades;
Disney (DIS) already priced performance in. The 14.5% increase from the last earnings demonstrates that Disney has already priced in stellar performance. Holding over earnings may provide a small portfolio boost if you're lucky, but downside risks present kill make it just straight up gambling in my opinion.
Bearish MACD shows upward moment is getting exhausted.
Clear entry for long position.Disney is coming up upon important support at 90. If one is looking to get long, the R/R from these prices seems attractive.
I would look to stop out under the 200 WMA.
As an aside, I am reading the book: Walt Disney: The Triumph of the American Imagination by Neal Gabler.
Excellent Read
Link:
www.amazon.com
DIS Bullish WedgeClear uptrend with normal growing pains. Bullish wedge suggests breakout soon! Definitely still a buy.
Target: ~115 and beyond! Solid long-term blue-chip.
NYSE:DIS
Support at 90 is still holding firm.Technically Speaking
Disney is still holding the 90 level. The 200 WMA is right under the 90 level. The stock has not closed below that moving average since 2011.
Fundamentals
Here is a summary of the company.
What to do?
The R/R seems to favor a long position from these levels. Buying here and stopping out under the 80-85 level, seems sensible.
They do pay a modest dividend 1.53% yield. This is not a stock that will 5 or 10x your money, but could be a solid longer term hold. Of course, many analyst worry about them competing with the apps that keep the young people busy(insta, snap, facebook, etc) and the cord cutters. They could be right, but how much of that worry is already baked in? Hmmm...
$DIS bull flag on the 60$DIS bull flag on the 60 into the .618, nearing breakout of falling wedge on daily.
$DIS looks ready to go *pop*$DIS falling wedge on daily. Recent retracement is golden w/ a .618 touch. Expecting a nice move up
#DIS one more time go long! :)Last time we've earned some on this stock.. now we have the same situation.. strong support.. looks like DIS is in consolidation.. so we can try to get some money. I'll go long.
Sort Term DISNEYWe may see a small break above this price zone? Confirm prior to placing any trade.
Confirmation may get us closer to 112's. At that point we may well see a reversal.
We will see next week.
Bearish on DIS Toward 93.25DIS is displaying bearish MACD divergence after a double top and a break of a 4 month long trendline. I am short on the retest of the trendline until the 93.25 area where a bullish bat could potentially be completed. SL is placed above .618AB with target above the completion of the bullish bat.
Double Top On DisneyLooks like a double top in Disney. Fundamentals of the company are very solid, and with Star Wars release, I am not sure if this will play out. If not a double top, could be a good buying opportunity at the resistance. I will be buying some puts here and will consider going long on the stock itself if it holds support line and bounces back.
DIS - Retest of 200 DMASpeculation: Disney is looking to test the 200 DMA, potentially pierce it, and then rise up with the release of Star Wars, etc..
DOW JONES OVERVIEW (END): DISNEY IN FIRM UPTRENDFinalizing our Dow Jones overview is Disney - and it is doing it on a positive note! DIS is one the best-looking stock from our Dow Jones overview - on par with Nike and UNH, also Viza.
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the positive slope of 1-year mean. Price here trades within 1st standard deviations from both weekly and quarterly means, showing no short term trend, so nothing stands in the way of long term uptrend.
DIS relative strength during market correctionPrice of Disney's stocks holds nicely during this corrective phase showing relative strength. S&P was up 1% on Friday and gain 6 handles on premarket showing some follow through. This stock could be a good candidate when market buying will resume. Entry ans Stop on chart. It is difficul to say what could be potential target as stock hovering near historical highs, but minimum requirements are 1,5-2 more that risk (makes our target $91.60 - $92.00)
