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- 1 DIS stock price decreased by 4.50% over the past week and the current price is below major EMA’s and the current volume is below average volume.
- 2 Walt Disney Company ( NYSE: DIS) stock’s 52-week price range is around $84 – $126.
Walt Disney Company is about to increase subscription price plans for Hulu and Disney+, which might drive Walt Disney’s DTC business to profitability in over a year. The Walt Disney Company has experienced a decrease in subscribers again in FQ3, mainly in India on its Disney+ Hotstar service. Despite many challenges, even cost-reducing measures and subscription price plans, increases support for Walt Disney stock’s earnings growth and turned it into a fascinating investment in the streaming market. This is as per the news on Seeking Alpha, a news-providing website.
The Walt Disney stock recently publicized its Q2 earning report on August 9th, 2023, the reported earnings gave a positive surprise by 7.76% from the estimated earnings. Moreover, the reported revenue gave a negative surprise of 0.74% from the estimated revenue.
DIS stock average volume is 18.125 Million and the current volume is 14.206 Million where the current volume is below average volume.
Walt Disney has a debt-to-equity ratio of 42.5%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets of $203.78 Billion and total liabilities of $92.84 Billion. Walt Disney’s debt is $47.19 Billion, while its equity is $110.94 Billion. Moreover, the Walt Disney Company (DIS) stock market capitalization is $157.002 Billion and the total revenue is $82.58 Billion. Moreover, the stock’s basic EPS is $1.23 and the price-to-earnings ratio is 70.12.
Technical Analysis of DIS Stock Price in 1-D Timeframe
The price action shows that Walt Disney Platforms Inc. ( NYSE: DIS) stock price started its venture in 2023 with a swift uptrend and within a month reached $118 since then the DIS stock is in a continuous downtrend from the last 6 months by making lower lows and highs.
At the time of publication, the DIS Stock’s current price is around $85.92 trading at the demand zone where liquidity is present in the Walt Disney stock, where buyers most probably have pending buy or sell orders in Walt Disney price waiting to be triggered and same can be spotted in the past over daily time frame chart in Walt Disney as well, either the DIS price consumes liquidity and crashes or takes support and rises.
Therefore, if Walt Disney fails to maintain the current level. The DIS price could continue to drag downwards and hit the nearest support levels around $84.02 and $80.97.
However, if the stock price sustains the current level and Walt Disney’s price increases, then it might reach the nearest resistance levels of $101.58 and $104.07.
At the time of publishing, Walt Disney Company (NYSE: DIS) is trading below the major 20, and 50-day exponential moving averages (EMA), which is declining the DIS price trend.
Hence, the DIS price is anticipated to fall downwards as EMA’s are showing a bearish overview over the daily time frame chart.
The current value of RSI is 43.98 points. The 14 SMA is below the median line at 49.06 points which indicates that Walt Disney stock is in bearish territory and the RSI line took rejection from 14 SMA and is headed towards an oversold zone indicating bearishness.
The MACD line at 0.2975 and signal line at 0.3032 are below the zero line and both lines have narrowed towards each other. A bearish crossover is anticipated next in the MACD oscillator which expresses bearish signals for the Walt Disney stock price.
Summary
Walt Disney Company. (NYSE: DIS) indicates that the traders and investors of the stock price are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical analysis tools of Walt Disney stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in the Walt Disney stock price.
Technical Levels
- Support levels: The nearest support levels for the Walt Disney stock price are $39.97 and $37.21.
- Resistance levels: The nearest resistance levels for the Walt Disney stock price are $41.65 and $44.42.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Saurav Bhattacharjee is in charge of the Broadcast development team of The Coin Republic.
He has been covering the Metaverse and NFT niche for the past 2 years.
With stellar interviews on his portfolio like Nicehash, Paxful, WallstreetWolvesNFT, Bitholla, Totemfi, EOS.io etc. Saurav has spearheaded the NFT SUPERSTARS AWARD and successfully hosted the first award in 2021.
