Walt Disney Co Daily Price Recap
The back and forth price flow continues for Walt Disney Co, which started today off at 106.63 US dollars, up 4.52% ($4.61) from the day prior. The price move occurred on volume that was up 4.92% from the day prior, but down 22.31% from the same day the week before. Below is a daily price chart of Walt Disney Co.
Walt Disney Co Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 7 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to DIS:
Disney Is Worth $127 Per Share, Even After COVID-19 https://seekingalpha.com/article/4338613?source=ansh $DIS
Disney’s fair value is $127 per share
We use Disney’s 5-year average EV/EBIT of 13.8x to value three business segments: Parks, Experiences and Products; Studio Entertainment; and Media Networks.
Putting it all together, our SOTP valuation, with cash and debt adjustment, values Disney at nearly $230.9 billion, or $127 per share, 19% upside from the current trading price. This valuation has already taken COVID-19 potential impact into account. We would expect this fair value will increase along with the further improvement in the operating performance of Disney’s operating segments in the next several years.