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Tag: DIS

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Disney Share Price Consolidates

Disney Share Price Consolidates

The Walt Disney Company is an American Multinational mass media and entertainment conglomerate. Disney was founded in 1923, which is about a century ago. Disney is traded on NYSE as $DIS. As of February 2023, Disney’s market cap stood at about $197Billion. As of 2020, its total number of employees was over 200,000. After the share price of Disney reached an all-time high at $203.13 in March 2021, the value of Disney depreciated all through 2022 as price reached $84.13, which was the lowest price since March 2020.

Daily Chart

The year 2023 seems to be bringing a bit of hope as January closed on a bullish note. The price has continued to rally in February as price reach a new high this year at $118.10, which occurred on the 9th of February. The $DIS bulls might push price higher in the coming weeks. Our analysts think the $DIS price could reach a resistance level at $140 if the rally continues. On the weekly chart, RSI indicates that price has been oversold. This could be good news for $DIS investors.

Weekly Chart

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

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Disney Share Price Heads Back To Lockdown’s Low

Like many other stocks, Disney share price fell to $78.63 in March 2020 as a result of the global lockdown. Prior to the fall in 2020, Disney’s all-time high was at $154.84. The ease of lockdown led to the rally that pushed the price of Disney all the way up to $203.12 in March 2021. This price currently stands as the all-time high.

Weekly chart

After the all-time high, the share price was caught in a range on the weekly chart. The range began at the end of March 2021 and stretched to the first week of November 2021. The share price broke out of the range to the downside in the second week of November 2021. The breakout has led to a continuous downward slope in price as price as of June 23, 2022 is at $94.30, which is over a 50% loss from the all-time high.

Daily Chart

We can say Disney’s share price is currently in the region it was during the lockdown. Recent reports claim Disney’s share price dip is partly due to their insistence in inserting Queer ideology into its children movies which people see as “child-grooming” and therefore, reprehensible. Indications on RSI shows that price is currently oversold on the weekly time frame. Our analysts see Disney’s share price fall below the Lockdown low of $78.63.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

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The Next Bullish Run of Disney

The Disney share price is one of few stocks that has lasted over 50years and still brings returns to its investors. There was a setback to the Disney price in December 2019 after the price reached a new all-time high then at $154.16. Disney lost about 50% of its share value between December 2019 and March 2020, which was a result of the pandemic, making it the worst price dip since its IPO. After lockdowns were eased across the world, price began to appreciate. The price appreciation broke out the then resistance level at $154.16 to a new all-time high at $203.12 in March 2021. Since the worst fall of Disney during the 2020 pandemic, $DIS has appreciated almost 2X of its return.

In the last month of 2020, the price broke out of the resistance level at $154.16 which led to the price reaching the new all-time high at $203.12. Since the all-time high was reached, the $DIS share price has lost about 31% of its value. In this month alone, $DIS has lost about 15% of its value. Should investors be worried about the price fall? The recent price fall could not break out to the downside of the support level at $154.16. A possible correction around the support level might occur which might eventually push the price of $DIS to $175.72.

Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.

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Walt Disney Consolidates Again At A Resistance Level

Walt Disney maintained a major resistance level around 122.00 in 2015. Recently, price was in a range on the daily chart for two months until an upward breakout occurred. In the first week of August, price of $DIS was around 117.45. Technically, price has formed a double top which might bring about a new downward trend. If $DIS price doesn’t continue the upward movement, an obvious reversal might result to price moving from 118.03 to about 108.00 Also, if price breaks out upward and goes beyond 122.00, a new resistance level will automatically be formed.

RSI previously showed price was overbought in August. Price touched the resistance level and pulled back for a correction off the highs. Also, price broke out from the trendlines A and B, so a downward movement has begun. This downward price action might be a fake out, Watch for the resumption of the up trend around 118.03 when price closes upon the resistance level.

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Disney Has Lit Up #BlackTwitter

#BlackTwitter is the collective of influential tweeps who have given us memes upon memes, social justice movements across the world, and influenced global culture in profound ways through the power of the Internet. So when the release of Black Panther by Disney Studios was announced back in 2014, #BlackTwitter became aflame with excitement and anticipation of the next Ryan Coogler masterpiece. In fact, #BlackPantherSoLit became a trending hashtag for over 2 years before the movie finally opened in 2018 as the production progress strategically leaked to the world.

Then A Wrinkle In Time was announced. And #BlackTwitter blew up with excited anticipation yet again! So I started to pay attention to the market. With #BlackTwitter so hype, I got interested in the stock.

DISNEY stock DAILY CHART

While #BlackPatherSoLit became the top trending topic on social media, the $DIS stock bottomed at $90 and soared to a high in 2017 just above $116. Don’t tell me #BlackTwitter isn’t powerful! Then $DIS took a beating as price crashed at the beginning of the year. In early February, I left an early release screening of Black Panther with a new love for cinematography, set design and costume design in film. Not to mention the acting is good too. Black Panther is just a damn good movie. The box office has born that out with over $1 Billion in ticket sales and it is still 2018. And Disney won a new fan in me that day. I watched Avengers Infinity Wars beforehand so I would have proper context for Black Panther. And that was great too. I don’t think sequels are not out of the question here.

The chart above is from over 12 months ago. Here is the $DIS chart in April 2018 when the saw the movie.

$DIS weekly chart

And here is how $DIS closed the trading week on Friday.

DIS WEEKLY CHART

With a weekly close above $110, $DIS has not been at these levels since the new year and I believe it is not done rallying higher. And Disney is not done releasing hit movies. But it’s not that I like $DIS because the of the hit movies. Long term, I like Disney’s audacious move to launch its own streaming service. Given its vast archive of content and the hit films that are released just this year in 2018, it’s looking more and more like those dips in the stock price have developed into real opportunity.

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Disney Builds Its Exposure to Africa

When media boss and former human resources manager Mo Abudu launched EbonyLife TV in mid-2013, she boasted that the Afro-centric platform would air more than 700 hours of original content in its bid to capture a global audience. The channel has now partnered with Disney to produce an African version of hit series Desperate Housewives, set to debut in 2014.

Recognized as one of the top 5 people to watch in West Africa, Mo Abudu introduces the Walt Disney Co. to business with Nigeria rather than just in Nigeria. And as such, I have added $DIS to my watch list for 2014. $DIS stock has been trading at all-time highs for the past 2 years. Wow! While many traders will cite all kind of technical and fundamental reasons, I can only see now that Disney recognizes what I’ve known for a very long time: African media is ripe for growth. Nollywood is 2nd only to Hollywood in the worldwide film industry. And they want in in. I like this partnership. It makes me like the $DIS stock as the company is building on its momentum in Africa and gaining trust in Nigerian businesses.

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