DIS
$DIS - Disney Stock Bearish trend with a $96 PTThe major trend line dates back since 2009. stock looks like it has continuing to sell off. Will not buy at current level. Wait for $96 aas it sits on major supports and trend line. With the COVID uncertainty, It looks like fundamentally, leisure stocks like Disney will continue to sell off.
DIS Long, target 220With the rise of streaming services, Disney is one of the leaders. I'm speculating that DIS is gonna introduce video games soon, just to stay competitive with NFLX.
Technical analysis shows that DIS has been consolidating for a long time and now wants to break out.
Entry: 169-170
Target: 220
Stop-loss: 167
Period: 6-12 months
Position: 5% of the capital
DIS shortive been analyzing and backtesting some charts.
In particular~ shorts. One thing I really liked was DIS short. I was in the long swing that I exited prior to ER, we gapped down bigly of course on ER. They tried to fade it unsuccessfully. When we could not get over the ER gap down, could have looked for a short entry on a smaller timeframe like 30 min or 1 hr. The interesting thing about where we gapped down and then traded to was that it was the perfect 1.272% fib retracement from the April to May down move and I mean nearly to the absolute penny. It was enough to stop the down move for the time being, but with the weekly 100 sma not too far away any longer and also close to the 1.618% retracement on the daily of this bearish trend, it make sense to go test it. The $158.50 level area will try to act as support.
As I stated before, the best would have been to get in when we rejected fading the gap with a 1st target of $159 or so (probably would have taken partial profit on the close Friday). But an acceptable alternative would be to set a stop limit sell under the relative low~ which is what I am doing.
**DIS swing short**
Stop limit sell
Stop: $158.28
Limit sell: $158.75
1st target: $150.50
2nd target: $145.80
I oftentimes adjust additional targets and/or just take profit depending on what price action does. ive been analyzing and backtesting some charts.
Disney's Elliott, just a probable scratch one not completed yet Do not take these estimates seriously, some of these so called analyst have a success rate of <50 % ! Non the less something to consider.
- Based on 23 Wall Street analysts offering 12 month price targets for Walt Disney in the last 3 months. The average price target is $205.43 with a high forecast of $263.00 and a low forecast of $172.00. The average price target represents a 30.61% change from the last price of $157.28.
DIS'S Stochastic oscillator isn't giving us the love we need YETNot this moment of writing this idea to say the least . We need some love from this indicator to signal a reversal
non is given so far. We do no need it to happen right a way it could be lagging, but non the less it helps allot
if the majority of indicators are giving the same signals not just one or two.
DIS' 2ed highest volume since Covid's low move a head up/down62 Million shares mark the 2ed highest volume since Covid's crash. We shall see what happen, technically we could go down
further more. I am long with few calls 211126 162.5 . Whether we go further down a bit more just like the charts below
or no we will go up eventfully. I made a mistake by buying early during OPEX week, we shall see what happen.
What do you think is coming next on DIS? Today we will define all the relevant levels on Disney either for bullish or bearish scenarios.
After the gap on the 11th of November , the price kept falling, and now it's a good time to think about reversal areas or the following bearish targets
My main conclusion right now is that we are on a Flag ABC pattern, which means that we may see content with the cloned channel (yellow lines), which makes convergence with the previous ATH in November 2019. That's a level that we should see bullish pressure to keep our bullish thesis valid.
However , if the price breaks that level and reaches 146.00, I will think that my bullish view is not valid anymore, and I would think about bearish targets on the next support level at 130.00
Despite the specific resolution, I think the current situation may be interesting to trade after we have a clear formation. Once we have structures with more than 250 days, it's pretty easy to look into the past for similar conditions and develop consistent setups based on a statistical perspective.
Thanks for reading! Feel free to share your view and ideas in the comment box.
Disney fell on earnings. Is it a bargain stock now?Hi everyone,
[ symbol="NYSE:DIS"]NYSE:DIS fell 7% last Thursday after the Q3 earnings report.
Is it cheap enough to buy now?
Let's find out.
Earnings disappointed investors with reported revenue being off for 1.4% from the estimates (bullsh*t analysis).
Consequently, price bounced from 158 level support, but it came back down and is threatening this trend line now.
Just reminding you that pre-pandemic price level was around 150 .
Is the company doing worse now then before the virus?
Well, yes. It does.
Q4 2019 revenue, just before the virus outbirst, was reported at 20 billion.
Now, almost 2 years into recovery, Q3 yields 18.5 billion.
Trading off pure fundamentals, I would not invest in this company.
Trading purely off technical indicators, however, I would not be surprised to see the price consolidate in the projected box around the trend line support.
If it accumulates enough power at the trend line with low volume, it will burst out higher again.
I personally classify this stock as a risky one. Trade it at your own risk.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
A review on Wall Street Bets' Plays of the day!In this analysis, I review the most important Support and resistance levels of the top mentioned Wall Street Bets tickers!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
I think most of you know their plays I too risky and chasing is not recommended!
Rank 1-6:
and my prediction for Today:(this is only valid for today, may need an update soon!)
Rank 7-12:
and my prediction for Today:(this is only valid for today, may need an update soon!)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Walt disney going down !Hey everyone, I meant to share this analysis sooner, I knew this was going to happen for months now but price was showing so much support on 169$. but anyways, we broke out of the triangle with a huge gap, we might wanna fill the gap before going toward targets.
I think this stock has too see 135$ or even less. you might wanna short in every opportunity ;)
Good luck and have profitable trades.
Don't forget to like and follow.
GNW - THE MOST UNDERVALUED COMPANY IN THE MARKET? MIND BOGGLING All,
Lets get down to the financials on this one. Outside the fact this is absolutely going to break here with this bullish ascending tri. I mean take a look at P/B at 0.14... Price to Free Cash Flow ... 2?!?! I mean forward P/E is 4.98?
THEY HAVE 1BILL REV AND NET MARGINS LOL @$4. SOME COMAPNIES WITH WORSE FINANCIALS THEN THIS TRADE AT $15-$55 ON HIGH END.
Summaries
-EPS has not only grown over 5 years but even gotten better exponentially now.
-Price to free cash flow is essentially what Buffett looks for I mean holy hell not to mention P/B puts this as 1/10th undervalued (even though PB is an older valuation usage still)
Highlights
-P/S 0.25
-P/B 0.14
-P/FCF 2.06
-EPS past 5Y 40.10%
-EPS Q/Q 651.30%
These financials are real.. and disturbing this somehow is trading at $4
Negatives (about one)
-Float 500M (hard to move but does have options)
Positives
Market Cap 2.13B
Income 1.02B
Sales 8.36B
Book/sh 29.91
Cash/sh 4.47
P/E 2.19
Forward P/E 4.98
PEG 0.44
P/S 0.25
P/B 0.14
P/C 0.96
P/FCF 2.06
EPS
EPS next 5Y 5.00%
EPS past 5Y 40.10%
Sales past 5Y 0.20%
Sales Q/Q 1.90%
EPS Q/Q 651.30%
11/8 Weekly Earnings Calendar Spreads (SYY, DHI, CAH, DIS)Description:
Some potentially attractive Calendar Spreads I'm looking at putting on based off of the close on Friday.
CAH looking especially attractive.
Announced Earnings Dates
SYY 11/9
DHI 11/9
CAH 11/9
DIS 11/10
Long Call Calendar Spread
Levels, break-evens, and R/R will be updated when positions are filled.
The boxes on the charts right now are the profit ranges at expiration for ATM Calls
You could always spread the puts instead of the calls if you want a slight bearish bias on the stock post earnings.
Criteria to enter:
At least 4:1 R/R, measured from max profit to debit required to enter.
Break-evens outside the expected move
Intend to close directly following earnings.
*Stops based off underlying stock price, not mark to market loss
Only invest what you are willing to lose
Break-evens and R/R vary on fill