WALT DISNEY CO. - Daily - Technical analysis published on 12/08/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 87.64 USD
My targets
95.75 USD (+3.50%)
102.64 USD (+10.95%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WALT DISNEY CO. as long as the price remains well above 87.64 USD. The buyers' bullish objective is set at 95.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 102.64 USD. If there is any crossing, the next objective would be the resistance located at 113.54 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WALT DISNEY CO. rating is 92.51 USD. The price registered an increase of +0.17% on the session with the lowest point at 92.06 USD and the highest point at 93.54 USD. The deviation from the price is +0.49% for the low point and -1.10% for the high point.92.06
93.54
92.51
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WALT DISNEY CO.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WALT DISNEY CO. in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 85.11 | 87.64 | 91.48 | 92.51 | 93.57 | 95.75 | 102.64 |
Change (%) | -8.00% | -5.26% | -1.11% | - | +1.15% | +3.50% | +10.95% |
Change | -7.40 | -4.87 | -1.03 | - | +1.06 | +3.24 | +10.13 |
Level | Major | Major | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 89.50 | 90.42 | 91.24 | 92.16 | 92.98 | 93.90 | 94.72 |
Camarilla | 91.57 | 91.73 | 91.89 | 92.05 | 92.21 | 92.37 | 92.53 |
Woodie | 89.44 | 90.40 | 91.18 | 92.14 | 92.92 | 93.88 | 94.66 |
Fibonacci | 90.42 | 91.09 | 91.50 | 92.16 | 92.83 | 93.24 | 93.90 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 86.18 | 88.66 | 90.47 | 92.95 | 94.76 | 97.24 | 99.05 |
Camarilla | 91.10 | 91.49 | 91.89 | 92.28 | 92.67 | 93.07 | 93.46 |
Woodie | 85.85 | 88.49 | 90.14 | 92.78 | 94.43 | 97.07 | 98.72 |
Fibonacci | 88.66 | 90.30 | 91.31 | 92.95 | 94.59 | 95.60 | 97.24 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 66.53 | 73.22 | 82.81 | 89.50 | 99.09 | 105.78 | 115.37 |
Camarilla | 87.91 | 89.41 | 90.90 | 92.39 | 93.88 | 95.38 | 96.87 |
Woodie | 67.97 | 73.95 | 84.25 | 90.23 | 100.53 | 106.51 | 116.81 |
Fibonacci | 73.22 | 79.44 | 83.28 | 89.50 | 95.72 | 99.56 | 105.78 |
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): | 58.68 | |
MACD (12,26,9): | 1.4900 | |
Directional Movement: | 10.76 | |
AROON (14): | -50.00 | |
DEMA (21): | 93.51 | |
Parabolic SAR (0,02-0,02-0,2): | 94.40 | |
Elder Ray (13): | 0.87 | |
Super Trend (3,10): | 89.65 | |
Zig ZAG (10): | 92.55 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 34.99 | |
TEMA (21): | 93.31 | |
Williams %R (14): | -55.76 | |
Chande Momentum Oscillator (20): | -1.60 | |
Repulse (5,40,3): | -0.2100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3600 | |
Courbe Coppock: | 0.61 |
MA7: | 91.81 | |
MA20: | 92.54 | |
MA50: | 86.69 | |
MA100: | 85.57 | |
MAexp7: | 92.05 | |
MAexp20: | 91.22 | |
MAexp50: | 88.44 | |
MAexp100: | 87.68 | |
Price / MA7: | +0.76% | |
Price / MA20: | -0.03% | |
Price / MA50: | +6.71% | |
Price / MA100: | +8.11% | |
Price / MAexp7: | +0.50% | |
Price / MAexp20: | +1.41% | |
Price / MAexp50: | +4.60% | |
Price / MAexp100: | +5.51% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on WALT DISNEY CO. at the time of the generation of this analysis was as follows:
- Global Tennis Star Serena Williams Serves Up Magical Memories at Walt Disney World Resort
- How Walt Disney came back from ruin - BBC News
- New Study: Disney Generates $40 Billion in Annual Economic Impact in Florida and Over Quarter of a Million Jobs
- Walt Disney shares up after theme park and Disney+ success
- A vital week for the future of Walt Disney?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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