DISNEY (WALT) CO. - Weekly - Technical analysis published on 04/06/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 96.46 EUR
My targets
85.37 EUR (-6.84%)
77.26 EUR (-15.69%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DISNEY (WALT) CO. as long as the price remains well below 96.46 EUR. The next bearish objective for sellers is set at 85.37 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 77.26 EUR. If there is any crossing, the next objective would be the support located at 30.90 EUR. 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 over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.5
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This analysis was given by mdz. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DISNEY (WALT) CO. rating is 91.64 EUR. Over 5 days, this instrument gained +1.87% with the lowest point at 90.14 EUR and the highest point at 92.55 EUR. The deviation from the price is +1.66% for the low point and -0.98% for the high point.90.14
92.55
91.64
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DISNEY (WALT) CO.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of DISNEY (WALT) CO. indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
Near support of channel
Type : Bullish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.05 | 30.90 | 77.26 | 91.64 | 92.13 | 105.82 | 112.95 |
| Change (%) | -83.58% | -66.28% | -15.69% | - | +0.53% | +15.47% | +23.25% |
| Change | -76.59 | -60.74 | -14.38 | - | +0.49 | +14.18 | +21.31 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 89.51 | 89.98 | 90.52 | 90.99 | 91.53 | 92.00 | 92.54 |
| Camarilla | 90.77 | 90.87 | 90.96 | 91.05 | 91.14 | 91.24 | 91.33 |
| Woodie | 89.54 | 90.00 | 90.55 | 91.01 | 91.56 | 92.02 | 92.57 |
| Fibonacci | 89.98 | 90.37 | 90.61 | 90.99 | 91.38 | 91.62 | 92.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.70 | 86.01 | 88.61 | 89.92 | 92.52 | 93.83 | 96.43 |
| Camarilla | 90.15 | 90.50 | 90.86 | 91.22 | 91.58 | 91.94 | 92.30 |
| Woodie | 85.36 | 86.33 | 89.27 | 90.24 | 93.18 | 94.15 | 97.09 |
| Fibonacci | 86.01 | 87.50 | 88.42 | 89.92 | 91.41 | 92.33 | 93.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.28 | 79.52 | 85.37 | 90.61 | 96.46 | 101.70 | 107.55 |
| Camarilla | 88.17 | 89.19 | 90.20 | 91.22 | 92.24 | 93.25 | 94.27 |
| Woodie | 74.59 | 79.67 | 85.68 | 90.76 | 96.77 | 101.85 | 107.86 |
| Fibonacci | 79.52 | 83.76 | 86.37 | 90.61 | 94.85 | 97.46 | 101.70 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.97 | |
| MACD (12,26,9): | -2.5500 | |
| Directional Movement: | -0.80 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 89.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.82 | |
| Elder Ray (13): | -0.96 | |
| Super Trend (3,10): | 84.72 | |
| Zig ZAG (10): | 91.51 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 31.22 | |
| TEMA (21): | 91.07 | |
| Williams %R (14): | -66.97 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 8.62 |
| MA7: | 90.66 | |
| MA20: | 88.94 | |
| MA50: | 94.53 | |
| MA100: | 91.88 | |
| MAexp7: | 91.28 | |
| MAexp20: | 93.48 | |
| MAexp50: | 100.80 | |
| MAexp100: | 109.75 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +3.04% | |
| Price / MA50: | -3.06% | |
| Price / MA100: | -0.26% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | -1.97% | |
| Price / MAexp50: | -9.09% | |
| Price / MAexp100: | -16.50% |
Quotes :
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15 min delayed data
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Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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