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- 1 Walt Disney stock price trades below the major 20, and 50 daily moving averages and manages a downward trendline for quite a long time.
- 2 Walt Disney Company (NYSE: DIS) stock’s 52-week price range is around $79.75 – $126.48.
The DIS stock has a share float of 1.826 Billion shares and a market cap of $148.03 Billion. The Walt Disney stock’s average volume for the last 10 days is 15.628 Million and its current volume is 11.034 Million.
Walt Disney stock has a CMP of $81.01 and an intraday loss of 0.36%. The Walt Disney stock’s EPS (earnings per share) for the trailing twelve months is 1.23 and its price-to-earnings (P/E ratio) for TTM is 65.98.
The latest quarterly report for the period ending June 2023 showed a revenue of $22.26 Billion, a net income of -$460.00 Million, and a profit margin of -2.07%. The next quarter’s revenue is estimated to be 21.402 Billion.
The latest quarterly balance sheet of Walt Disney stock for the quarter ending June 2023 reported $203.78 Billion in total assets and $92.84 Billion in total liabilities.
At the time of publishing, the major EMAs are bearish in Walt Disney Company stock. MACD shows a bearish cross on the charts with stagnant width in the histogram with RSI at 38.
DIS Stock Price Technical Analysis in 1-D Timeframe
Walt Disney Company (NYSE: DIS) is experiencing a decline from $203, following a lower lows and highs pattern after violating the uptrend since March 2021. The current market price of DIS stock is $81.01, the downtrend spell has not broken even in 2023 as it started breaking down even further from $120 and following a downward trendline.
The DIS stock may continue to fall further if it breaks below $75, which could lead to a target of $70. On the other hand, if the DIS stock manages to reverse the trend and gain strong buying momentum, it could rise above $85 by shattering the trendline which was posing a threat to DIS price, which could trigger a rally to $90 or higher.
DIS stock does not offer any dividends to its shareholders in its current condition but it has done so in the past around 2020. It seems unlikely that DIS will pay any dividends in the future either as the company has not done well in the last couple of years until it recovers. This means that the shareholders do not get any regular income from the stock and this reduces the attractiveness of the stock for many investors.
Summary
Walt Disney stock has been in a downtrend since March 2021. The stock has no dividends since 2020 and may fall to $70 or rise to $90 depending on the trend reversal. The technical indicators are bearish.
Technical Levels
Support levels: $75 and $70
Resistance levels: $85 and $90
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.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
