Published On: Tue, Mar 14th, 2017

The Walt Disney Company (DIS/NYSE/S&P500)


Industry: Entertainment

Current trend

Theme parks are the second largest segment of The Walt Disney business. One of the major company’s directions is China, which middle class population is growing significant. Last summer The Walt Disney opened the Shanghai Disneyland Park worth $ 5.5 billion, which exceeded the company’s expectations with the last quarter report. The company expects to get the first profit from the park in 2018 due to the high attendance of the park.

The further growth of the segment will allow The Walt Disney to strengthen the financial state of the company and will give its shares a strong growth momentum.

During the last week The Walt Disney shares grew by 0.77% against the growth of the S&P 500 index by 0.07%.

Key levels

Yesterday the buyers prevailed. The stocks grew by 0.54%. The issuer is traded near the key resistance level of 111.75. During the last month the price tested this level twice. The indicators reflect the “bullish” mood: 50 МА is above 200 МА; the MACD histogram is set in the positive zone. The growth can continue.

Support levels: 111.20, 110.75, 110.20.

Resistance levels: 111.75.

Trading scenario

If the price is set above level of 111.75, find entering points to open long positions. Stop loss is at 111.30. Fix the potential profit partially at the levels of 112.25, 112.75 and 113.00. 

Forex Analysis

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