Stocks to Watch: Walt Disney Co. (DIS: NYSE)


Shares of The Walt Disney (DIS) are trading at a premium of 1.7% to the 2-month low of August 14, reflecting a downtrend from the July 52-week high. Pressure on the shares is provided by the quarterly report in early August with revenue and profit below market expectations. The company showed revenue growth in all directions but the result was affected by a decrease in viewers in the media network segment, as well as increased costs and reduced attendance in theme parks segment.

Over the past week, The Walt Disney shares rose by 0.58%. Over the same period, the S&P 500 index fell by 1.24%.

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Short positions can be opened after the price consolidates below the level of 131.00. The closing of the profitable positions is possible at the levels of 127.00, 123.00 and 120.00. Stop loss is 135.00.

Long positions can be opened after the price consolidates above the level of 137.50 with the targets at 144.00–147.00. Stop loss is 133.00.

Implementation period: 3 days.



RecommendationSELL STOP
Entry Point131.00
Take Profit127.00, 123.00, 120.00
Stop Loss132.35, 135.00
Key Levels120.00, 126.50, 131.00, 137.50, 142.00, 147.00
Alternative scenario
RecommendationBUY STOP
Entry Point137.55
Take Profit144.00, 147.00
Stop Loss133.00
Key Levels120.00, 126.50, 131.00, 137.50, 142.00, 147.00

Support and resistance

The company’s shares are in a sideways movement. There is no unidirectional trend. Quotes are testing the key support and resistance levels of 131.00 and 137.50, respectively. There is potential for further correction. Indicators do not give accurate signals: the price crossed MA (200); MACD began to rise. It is better to open positions from key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates the neutrality of #DIS.

Resistance levels: 137.50, 142.00, 147.00.

Support levels: 131.00, 126.50, 120.00.

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