Disney stock price bias bullish after canceling Florida campus plan
Technical Analysis Summary Disney: Buy
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Neutral | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Chart Analysis
The technical analysis of the Disney stock price chart on 4-hour timeframe shows #S-DIS,H4 is rebounding after hitting two-month low a week ago and is rising toward the 200-period moving average MA(200). We believe the bullish momentum will persist after the price breaches above the upper boundary of Donchian channel 94.19. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 90.73. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (90.73) without reaching the order (94.19), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of -
Disney no longer plans to build a Florida campus. Will the Disney stock price reverse its retreating?
Disney has abandoned plans to build a $900 million business campus near Orlando and relocate thousands of employees to Florida. At the same time, it is closing its Star Wars themed luxury hotel - Galactic Starcruiser, effective in late September. The two-night experience costs nearly $5,000 for a couple and includes admission to Disney’s Hollywood Studios theme park, through its Star Wars section. The revisions of Disney’s business plans came after Florida governor signed a bill that replaced the board of a special district that let Disney self-govern its Florida resort and theme parks with outside appointees. Earlier in February Disney Chief Executive Bob Iger announced that the company would reduce costs by $5.5 billion as it works to make its streaming TV business profitable.