DISNEY (WALT) CO. - Daily - Technical analysis published on 09/13/2023 (GMT)
- 109
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 81.81 EUR
My targets
71.85 EUR (-8.13%)
67.20 EUR (-14.08%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 81.81 EUR remains possible. It is advisable to trade DISNEY (WALT) CO. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 81.81 EUR. The next bearish objective for sellers is set at 71.85 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 67.20 EUR. In case of crossing, the next objective would be the support located at 30.90 EUR. PS: if there is a bullish break in the resistance located at 81.81 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hedgemats. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DISNEY (WALT) CO. price is 78.21 EUR. On the day, this instrument gained +0.17% with the lowest point at 77.45 EUR and the highest point at 78.21 EUR. The deviation from the price is +0.98% for the low point and 0% for the high point.77.45
78.21
78.21
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DISNEY (WALT) CO. in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 78.21 | 81.81 | 86.71 | 94.06 |
| Change (%) | -80.76% | -60.49% | -1.21% | - | +4.60% | +10.87% | +20.27% |
| Change | -63.16 | -47.31 | -0.95 | - | +3.60 | +8.50 | +15.85 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.94 | 77.20 | 77.70 | 77.96 | 78.46 | 78.72 | 79.22 |
| Camarilla | 78.00 | 78.07 | 78.14 | 78.21 | 78.28 | 78.35 | 78.42 |
| Woodie | 77.07 | 77.26 | 77.83 | 78.02 | 78.59 | 78.78 | 79.35 |
| Fibonacci | 77.20 | 77.49 | 77.67 | 77.96 | 78.25 | 78.43 | 78.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.04 | 73.92 | 75.00 | 75.88 | 76.96 | 77.84 | 78.92 |
| Camarilla | 75.54 | 75.72 | 75.90 | 76.08 | 76.26 | 76.44 | 76.62 |
| Woodie | 73.14 | 73.97 | 75.10 | 75.93 | 77.06 | 77.89 | 79.02 |
| Fibonacci | 73.92 | 74.67 | 75.13 | 75.88 | 76.63 | 77.09 | 77.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.20 | 71.85 | 74.68 | 79.33 | 82.16 | 86.81 | 89.64 |
| Camarilla | 75.45 | 76.14 | 76.82 | 77.51 | 78.20 | 78.88 | 79.57 |
| Woodie | 66.29 | 71.40 | 73.77 | 78.88 | 81.25 | 86.36 | 88.73 |
| Fibonacci | 71.85 | 74.71 | 76.47 | 79.33 | 82.19 | 83.95 | 86.81 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.12 | |
| MACD (12,26,9): | -0.6200 | |
| Directional Movement: | -0.22 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 76.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.48 | |
| Elder Ray (13): | 0.70 | |
| Super Trend (3,10): | 79.24 | |
| Zig ZAG (10): | 78.21 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 71.85 | |
| TEMA (21): | 76.61 | |
| Williams %R (14): | -16.18 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 2.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 4.22 |
| MA7: | 76.64 | |
| MA20: | 77.35 | |
| MA50: | 78.64 | |
| MA100: | 81.90 | |
| MAexp7: | 77.14 | |
| MAexp20: | 77.43 | |
| MAexp50: | 78.98 | |
| MAexp100: | 81.76 | |
| Price / MA7: | +2.05% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | -4.51% | |
| Price / MAexp7: | +1.39% | |
| Price / MAexp20: | +1.01% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -4.34% |
Quotes :
-
15 min delayed data
-
Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DISNEY (WALT) CO. - Daily