The Walt Disney Co. (DIS/NYSE): general review
30 November 2018, 11:17
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 117.50 |
| Take Profit | 119.50, 121.00, 123.00 |
| Stop Loss | 116.85, 115.50 |
| Key Levels | 111.00, 113.00, 115.00, 117.50, 119.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 115.45 |
| Take Profit | 112.00, 110.00 |
| Stop Loss | 117.50 |
| Key Levels | 111.00, 113.00, 115.00, 117.50, 119.50 |
Current trend
Shares of The Walt Disney traded at a 1.3% discount to a monthly high, being strengthening since the middle of last week. The growth of the issuer's quotes from the September three-month low exceeded 7%. This week, management of The Walt Disney announced an increase in semi-annual dividends by 5% YoY to USD 0.88.
In the previous week The Walt Disney stock grew by 3.17%. S&P 500 index went up by 3.31% during the same period.
Support and resistance
The last session of #DIS trading is quite active. However, no clear tendency is observed. Technical correction of the issuer's quotations after a prolonged rally is not excluded in the near future. Indicators show the strength of the buyers: the price is above MA (50) and MA (200); MACD histogram is in the positive zone. Still, positions may be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #DIS shares are neutral.
Resistance levels: 117.50, 119.50.
Support levels: 115.00, 113.00, 111.00.
Trading tips
If the price consolidates above 117.50, one may consider buying the company's stock. Potential profits should be locked in by orders at 119.50, 121.00 and 123.00. Stop loss — 115.50.
If the price consolidates below 115.50, the company's shares are expected to correct. The movement potential is aimed in the area of 112.00–110.00. Stop loss — 117.50.
Implementation period: 3 days.
Shares of The Walt Disney traded at a 1.3% discount to a monthly high, being strengthening since the middle of last week. The growth of the issuer's quotes from the September three-month low exceeded 7%. This week, management of The Walt Disney announced an increase in semi-annual dividends by 5% YoY to USD 0.88.
In the previous week The Walt Disney stock grew by 3.17%. S&P 500 index went up by 3.31% during the same period.
Support and resistance
The last session of #DIS trading is quite active. However, no clear tendency is observed. Technical correction of the issuer's quotations after a prolonged rally is not excluded in the near future. Indicators show the strength of the buyers: the price is above MA (50) and MA (200); MACD histogram is in the positive zone. Still, positions may be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #DIS shares are neutral.
Resistance levels: 117.50, 119.50.
Support levels: 115.00, 113.00, 111.00.
Trading tips
If the price consolidates above 117.50, one may consider buying the company's stock. Potential profits should be locked in by orders at 119.50, 121.00 and 123.00. Stop loss — 115.50.
If the price consolidates below 115.50, the company's shares are expected to correct. The movement potential is aimed in the area of 112.00–110.00. Stop loss — 117.50.
Implementation period: 3 days.
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