The Hourly View for Disney
- At the time of this writing, DIS’s price is up $0.09 (0.06%) from the hour prior.
- The hourly chart shows that Disney has seen 2 straight up hours.
- From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
- Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Disney’s hourly price chart is shown below.
The Daily View for Disney
- At the time of this writing, DIS’s price is up $0.5 (0.32%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved down.
- Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
- The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
- Divergence between DIS’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in DIS’s price.
Below is a daily price chart of Disney.
Featured Disney Idea From TradingView
Below is a trading comment entitled Disney | Fundamental Analysis | LONG ANALYSIS you may find interesting:
The Walt Disney Company has been completely crushed by the coronavirus pandemic. The House of Mickey was reluctant to close the doors to several profitable operations, including the theme parks. Management admitted the possible cash trough this could provoke and quickly took steps to shore up the company’s balance sheet.One action management took was to suspend Disney’s semi-annual dividend. The move would have allowed the company to avoid sending billions of cash from its balance sheet. The halt was disclosed in May 2020, and remained in place throughout the pandemic, in spite of Disney’s enhancing results. This has led some investors to speculate that Disney may resume paying dividends in 2022. Let’s take a look at some of the factors that management may consider when deciding whether to resume paying the Disney dividend.Interestingly, by forgoing the semi-annual dividend, Disney saves $1.6 billion in cash, based on the $0.88 per share dividend it paid in January 2020. That’s $3.2 billion a year, which could go a long way toward protecting Disney’s balance sheet from any disorder rendered by the pandemic.When it comes to Disney’s balance sheet, it had $15.9 billion in cash and $13.3 billion in accounts receivable as of Oct. 3. To put these numbers in context, Disney had the most cash on its balance sheet before the pandemic – $…