Disney fell on earnings. Is it a bargain stock now?
Hi everyone,
[symbol="NYSE:DIS"]NYSE:DIS fell 7% last Thursday after the Q3 earnings report.
Is it cheap enough to buy now?
Let's find out.
Earnings disappointed investors with reported revenue being off for 1.4% from the estimates (bullsh*t analysis).
Consequently, price bounced from 158 level support, but it came back down and is threatening this trend line now.
Just reminding you that pre-pandemic price level was around 150.
Is the company doing worse now then before the virus?
Well, yes. It does.
Q4 2019 revenue, just before the virus outbirst, was reported at 20 billion.
Now, almost 2 years into recovery, Q3 yields 18.5 billion.
Trading off pure fundamentals, I would not invest in this company.
Trading purely off technical indicators, however, I would not be surprised to see the price consolidate in the projected box around the trend line support.
If it accumulates enough power at the trend line with low volume, it will burst out higher again.
I personally classify this stock as a risky one. Trade it at your own risk.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise
[symbol="NYSE:DIS"]NYSE:DIS fell 7% last Thursday after the Q3 earnings report.
Is it cheap enough to buy now?
Let's find out.
Earnings disappointed investors with reported revenue being off for 1.4% from the estimates (bullsh*t analysis).
Consequently, price bounced from 158 level support, but it came back down and is threatening this trend line now.
Just reminding you that pre-pandemic price level was around 150.
Is the company doing worse now then before the virus?
Well, yes. It does.
Q4 2019 revenue, just before the virus outbirst, was reported at 20 billion.
Now, almost 2 years into recovery, Q3 yields 18.5 billion.
Trading off pure fundamentals, I would not invest in this company.
Trading purely off technical indicators, however, I would not be surprised to see the price consolidate in the projected box around the trend line support.
If it accumulates enough power at the trend line with low volume, it will burst out higher again.
I personally classify this stock as a risky one. Trade it at your own risk.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.