DISNEY (WALT) CO. - Weekly - Technical analysis published on 09/13/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 89.64 EUR
My targets
67.20 EUR (-14.08%)
30.90 EUR (-60.49%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DISNEY (WALT) CO. as long as the price remains well below 89.64 EUR. The sellers' bearish objective is set at 67.20 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.90 EUR. In case of crossing, the next objective would be the support located at 15.05 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by hedgemats. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DISNEY (WALT) CO. rating is 78.21 EUR. The price registered an increase of +3.48% over 5 days and was traded between 76.19 EUR and 78.98 EUR over the period. The price is currently at +2.65% from its lowest point and -0.97% from its highest point.76.19
78.98
78.21
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this Weekly chart of DISNEY (WALT) CO. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
Near resistance of channel
Type : Bearish
Timeframe : Weekly
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 | 112.95 | 138.39 | 166.50 |
| Change (%) | -80.76% | -60.49% | -1.21% | - | +44.42% | +76.95% | +112.89% |
| Change | -63.16 | -47.31 | -0.95 | - | +34.74 | +60.18 | +88.29 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.26 | |
| MACD (12,26,9): | -3.7200 | |
| Directional Movement: | -4.95 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 76.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.59 | |
| Elder Ray (13): | -1.72 | |
| Super Trend (3,10): | 87.01 | |
| Zig ZAG (10): | 78.08 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 17.25 | |
| TEMA (21): | 75.94 | |
| Williams %R (14): | -70.62 | |
| Chande Momentum Oscillator (20): | -2.73 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6100 | |
| Courbe Coppock: | 16.85 |
| MA7: | 76.64 | |
| MA20: | 77.35 | |
| MA50: | 78.64 | |
| MA100: | 81.90 | |
| MAexp7: | 77.80 | |
| MAexp20: | 81.18 | |
| MAexp50: | 89.01 | |
| MAexp100: | 99.58 | |
| Price / MA7: | +2.05% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | -4.51% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | -3.66% | |
| Price / MAexp50: | -12.13% | |
| Price / MAexp100: | -21.46% |
Quotes :
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15 min delayed data
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This member declared not having a position on this financial instrument or a related financial instrument.
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