Two price prediction tomorrow
8/5/2024 00:54am
The Walt Disney Company (DIS) stock is not expected to experience a significant change in price tomorrow, August 7, 2024. Here's a detailed analysis based on recent financial data and market forecasts:
1. **Earnings Release and Financial Report**: Disney is scheduled to release its Q3 financial report before the market opens on August 7, 2024. The earnings release date for the quarter ending September 30, 2024, is not expected to have a significant impact on the stock price the next day.
2. **Short-term Trend Forecast**: The short-term trend forecast for Disney (DIS) stock on August 2, 2024, was neutral, with no specific direction expected in the short term. This suggests that the stock is not likely to experience a significant change in the near future.
3. **Moving Averages**: The 5-day, 10-day, and 20-day moving averages for Disney stock as of August 2, 2024, were $92.45, $91.63, and $94.33, respectively. These indicators generally suggest a stable stock price with no strong upward or downward trends.
4. **Recent Price Movement**: Over the past week, Disney stock has experienced a slight decline, with a 1-week percentage change of -0.4% and a 1-month percentage change of -9.17%. This indicates a recent bearish trend, but it does not necessarily predict future price movements.
5. **Analyst Price Targets**: Analysts have set a high price target of $145 for Disney stock, indicating a potential upside from the current price. However, this is a long-term forecast and is not directly relevant to the stock's price movement in the short term.
6. **Conclusion**: Based on the available data, it is not likely that Disney's stock price will experience a significant change tomorrow. Investors should monitor the earnings report and any significant news or events that could impact the stock's performance.