The Walt Disney Company (DIS / NYSE): general review
16 August 2018, 12:30
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 111.90 |
| Take Profit | 110.00, 108.00, 107.00 |
| Stop Loss | 114.00 |
| Key Levels | 106.00, 109.50, 112.00, 114.00, 117.50 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 114.10 |
| Take Profit | 117.00, 119.00 |
| Stop Loss | 112.00 |
| Key Levels | 106.00, 109.50, 112.00, 114.00, 117.50 |
Current trend
Shares of The Walt Disney decreased by 3.15% after the publication of the report for the third quarter of fiscal 2018. Revenue and earnings per share of the company amounted to $1.87 and $15.23 billion, disappointing the market expectations of $1.95 and $15.34 billion, respectively. Management of The Walt Disney is working on a deal to buy key assets of Fox for $71.3 billion. Earlier, the deal was approved by shareholders of both companies and the US regulator, in the near future confirmation from international regulators is expected.
Over the past week, The Walt Disney shares rose by 2.94%. Over the same period, the S&P 500 index decreased by 1.39%.
Support and resistance
At the moment, quotes of #DIS are consolidating. Local support and resistance levels are 112.00 and 114.00, respectively. The technical picture signals a possible correction after a prolonged growth. The signals of the indicators vary: the price is fixed above 50 MA and 200 MA; The MACD histogram is located in the negative zone.
A comparative analysis of the company's multipliers and competing companies in the industry testifies to the neutrality of #DIS.
Support levels: 112.00, 109.50, 106.00.
Resistance levels: 114.00, 117.50.
Trading tips
If the price goes below the 112.00 support level, a corrective movement is expected. Potential profit levels are 110.00, 108.00 and 107.00. Stop loss – 114.00.
If the price consolidates above 114.00, long positions will become relevant. The potential profit zone is 117.00-119.00. Stop loss is at 112.00.
Trading scenarios will be relevant for 3 days.
Shares of The Walt Disney decreased by 3.15% after the publication of the report for the third quarter of fiscal 2018. Revenue and earnings per share of the company amounted to $1.87 and $15.23 billion, disappointing the market expectations of $1.95 and $15.34 billion, respectively. Management of The Walt Disney is working on a deal to buy key assets of Fox for $71.3 billion. Earlier, the deal was approved by shareholders of both companies and the US regulator, in the near future confirmation from international regulators is expected.
Over the past week, The Walt Disney shares rose by 2.94%. Over the same period, the S&P 500 index decreased by 1.39%.
Support and resistance
At the moment, quotes of #DIS are consolidating. Local support and resistance levels are 112.00 and 114.00, respectively. The technical picture signals a possible correction after a prolonged growth. The signals of the indicators vary: the price is fixed above 50 MA and 200 MA; The MACD histogram is located in the negative zone.
A comparative analysis of the company's multipliers and competing companies in the industry testifies to the neutrality of #DIS.
Support levels: 112.00, 109.50, 106.00.
Resistance levels: 114.00, 117.50.
Trading tips
If the price goes below the 112.00 support level, a corrective movement is expected. Potential profit levels are 110.00, 108.00 and 107.00. Stop loss – 114.00.
If the price consolidates above 114.00, long positions will become relevant. The potential profit zone is 117.00-119.00. Stop loss is at 112.00.
Trading scenarios will be relevant for 3 days.
No comments:
Write comments