WALT DISNEY CO. - Daily - Technical analysis published on 01/24/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 142.15 USD
My targets
121.69 USD (-8.04%)
115.13 USD (-13.00%)
My analysis
The bearish trend is currently very strong for WALT DISNEY CO.. As long as the price remains below the resistance at 142.15 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 121.69 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 115.13 USD as an objective. Crossing it would then enable sellers to target 100.36 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WALT DISNEY CO. price is 132.33 USD. The price is lower by -3.68% since the last closing and was traded between 129.26 USD and 134.85 USD over the period. The price is currently at +2.38% from its lowest and -1.87% from its highest.129.26
134.85
132.33
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of WALT DISNEY CO. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 85.76 | 100.36 | 121.69 | 132.33 | 142.15 | 146.47 | 151.70 |
| Change (%) | -35.19% | -24.16% | -8.04% | - | +7.42% | +10.69% | +14.64% |
| Change | -46.57 | -31.97 | -10.64 | - | +9.82 | +14.14 | +19.37 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.14 | 133.39 | 135.38 | 138.63 | 140.62 | 143.87 | 145.86 |
| Camarilla | 135.94 | 136.42 | 136.90 | 137.38 | 137.86 | 138.34 | 138.82 |
| Woodie | 129.52 | 133.08 | 134.76 | 138.32 | 140.00 | 143.56 | 145.24 |
| Fibonacci | 133.39 | 135.39 | 136.63 | 138.63 | 140.63 | 141.87 | 143.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.13 | 125.88 | 131.63 | 142.38 | 148.13 | 158.88 | 164.63 |
| Camarilla | 132.84 | 134.36 | 135.87 | 137.38 | 138.89 | 140.41 | 141.92 |
| Woodie | 112.63 | 124.63 | 129.13 | 141.13 | 145.63 | 157.63 | 162.13 |
| Fibonacci | 125.88 | 132.18 | 136.08 | 142.38 | 148.68 | 152.58 | 158.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.57 | 136.30 | 145.60 | 151.33 | 160.63 | 166.36 | 175.66 |
| Camarilla | 150.76 | 152.14 | 153.51 | 154.89 | 156.27 | 157.65 | 159.02 |
| Woodie | 132.35 | 137.19 | 147.38 | 152.22 | 162.41 | 167.25 | 177.44 |
| Fibonacci | 136.30 | 142.05 | 145.59 | 151.33 | 157.08 | 160.62 | 166.36 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 19.94 | |
| MACD (12,26,9): | -3.2500 | |
| Directional Movement: | -36.99 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 146.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 157.77 | |
| Elder Ray (13): | -16.28 | |
| Super Trend (3,10): | 146.46 | |
| Zig ZAG (10): | 132.67 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 5.39 | |
| TEMA (21): | 144.87 | |
| Williams %R (14): | -90.09 | |
| Chande Momentum Oscillator (20): | -22.78 | |
| Repulse (5,40,3): | -5.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 11.67 |
| MA7: | 146.73 | |
| MA20: | 152.77 | |
| MA50: | 152.10 | |
| MA100: | 163.93 | |
| MAexp7: | 144.34 | |
| MAexp20: | 150.15 | |
| MAexp50: | 154.57 | |
| MAexp100: | 160.86 | |
| Price / MA7: | -9.81% | |
| Price / MA20: | -13.38% | |
| Price / MA50: | -13.00% | |
| Price / MA100: | -19.28% | |
| Price / MAexp7: | -8.32% | |
| Price / MAexp20: | -11.87% | |
| Price / MAexp50: | -14.39% | |
| Price / MAexp100: | -17.74% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on WALT DISNEY CO.. At the time of publication of this analysis, the latest news was as follows:
- Thinking about trading options or stock in Kohl's, Tesla, Macy's, Walt Disney, or Pfizer?
- Thinking about trading options or stock in Peloton Interactive, Apple, Walt Disney, Pfizer, or Nvidia?
- The Walt Disney Company Creates International Content Group to Expand Pipeline of Local Content and Continue to Grow Its Global Direct-To-Consumer Business
- The Walt Disney Company Executives to Discuss Fiscal First Quarter 2022 Financial Results via Webcast
- The Walt Disney Company Names Horacio Gutierrez as General Counsel and Secretary
This member declared not having a position on this financial instrument or a related financial instrument.
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