12Nov

The Walt Disney Co. (DIS) Stock Forecast: Elliott Wave Technical Analysis and Key Price Levels for 2024

The Walt Disney Co. (DIS) Elliott Wave Analysis – Trading Lounge Daily Chart

DIS Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {iii} of 1

Direction: Upside in wave 1

Details

The longer-term wave count presents challenges as it remains uncertain whether the broader correction has concluded. A sustained move above $100 could serve as a key indicator, adding confluence to the potential resumption of an upward trend. This level could confirm that a new bullish phase is underway.

DIS Elliott Wave Technical Analysis – Daily Chart

The daily chart suggests that Walt Disney Co. is in the third wave ({iii}) of a larger wave 1 to the upside. However, there is still uncertainty regarding whether the broader correction has fully concluded. Trading above the $100 level would provide further confirmation of a potential longer-term uptrend. A break above this level would add confluence to the idea that a new bullish trend has begun, solidifying the wave count.

The-Walt-Disney-Co-1...


The Walt Disney Co. (DIS) Elliott Wave Analysis – Trading Lounge 1H Chart

DIS Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (iii) of {iii}

Direction: Top in wave (iii)

Details

The 1-hour chart highlights an ongoing wave (iii) of {iii}, showing a clear five-wave subdivision, confirming the impulsive structure. A potential top may form as the price nears equality between wave (iii) and wave (i) at $101, with an additional upside target at the 1.618 Fibonacci extension level of $105. These price points are critical as the market approaches the final stages of this wave.

DIS Elliott Wave Technical Analysis – 1H Chart

The 1-hour chart is currently tracking wave (iii) of {iii}, with the potential for further upside. A nice five-wave subdivision can be observed in this wave, suggesting that the impulsive nature is intact. A possible top is anticipated as the price approaches equality between wave (iii) and wave (i) at $101. Additionally, the 1.618 Fibonacci extension for this wave stands at $105, which could also be a significant level to watch as the market potentially reaches the final stages of this wave.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: META  Elliott Wave Technical Analysis 

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

The-Walt-Disney-Co-1...


Summary

This Elliott Wave analysis examines the price action of The Walt Disney Co. (DIS) using daily and hourly charts. On the daily chart, the price appears to be in an upward wave 1, with further confirmation needed above the $100 level. On the 1-hour chart, wave (iii) of {iii} continues upward, with key levels at $101 and $105 offering critical targets for this wave's potential completion.

Related

Uniswap/U.S. dollar(UNIUSD) Elliott Wave Technical Analysis 16 January 24

Uniswap/U.S. dollar(UNIUSD) Elliott Wave Technical Analysis 16 January 24

Uniswap/U.S. dollar(UNIUSD) Elliott Wave Technical Analysis dated 16 January 24, Uniswap / U.S. doll...

Read More >
Elliott Wave Analysis for Key Commodities: Trends and Predictions for Bitcoin, Gold, and More

Elliott Wave Analysis for Key Commodities: Trends and Predictions for Bitcoin, Gold, and More

The latest Elliott Wave Analysis for various commodities indicates several key trends: Bitcoin is cl...

Read More >
Navigating Uptrend Opportunities: Theta Token/ U.S. dollar(THETAUSD) Elliott Wave Analysis

Navigating Uptrend Opportunities: Theta Token/ U.S. dollar(THETAUSD) Elliott Wave Analysis

Our Elliott Wave analysis of THETAUSD suggests a bullish outlook as of February 20, 2024. Both daily...

Read More >
Cardano/U.S. dollar(ADAUSD) Elliott Wave Technical Analysis 9 January 24

Cardano/U.S. dollar(ADAUSD) Elliott Wave Technical Analysis 9 January 24

Cardano and U.S. dollar Elliott Wave Technical Analysis dated 9 January 24, ADAUSD Trading Strategy ...

Read More >
Copper Commodity Elliott Wave Technical Analysis: Market Trends, Forecasts, and Trading Strategies

Copper Commodity Elliott Wave Technical Analysis: Market Trends, Forecasts, and Trading Strategies

Get the latest copper prices and in-depth Elliott Wave analysis. Our article covers copper market tr...

Read More >
ADANI PORTS and SEZ Elliott Wave Technical Analysis: Stay Updated on Trading Strategies and Stock Trends for 2024

ADANI PORTS and SEZ Elliott Wave Technical Analysis: Stay Updated on Trading Strategies and Stock Trends for 2024

Adani Ports & SEZ stock is progressing within an Elliott Wave impulse structure, targeting levels ab...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on