Disney stock: follow this  dark horse!

Disney stock: follow this dark horse!

Time to make your inner child extremely happy as Disney announced its plans on reopening the Disney World and Disneyland theme parks on July 11 and July 17. Of course, for us it means one thing – Disney’s stock is about to get stronger.

Some analysts wonder why Disney has been waiting for so long for its parks to open. According to the most pessimistic forecasts, Disney has lost $1 billion in earnings since the closure in the middle of March. At the same time, others suggest that the company chose a perfect timing for lifting the restrictions. Their reasons are quite strong.

Firstly, let’s not forget that Disney is not only about parks. The corporation has been developing its streaming platform called Disney+. They also have ABC, ESPN, and Disney Channel among other media sources, and offer a wide variety of consumer products. Therefore, the company manages to keep the power on despite the coronavirus threats.  

The other thing we should keep in mind is that coronavirus pulled the attendance of rivals’ parks in Central Florida at the beginning of June. Last Saturday was the first busy day for Universal Orlando. People were waiting in long lines to enter the park. So, we may expect that the number of tourists will be even higher in the region by the time Disney World opens.  Thus, that will be a perfect time for Disney to enter the game.  

 Also, let’s not forget that coronavirus cases are rising now in Florida. So, if there is any chance that the government will set up a quarantine once again, Disney’s delay will help the company to deal with the lockdown.

For now, the price of Disney’s stock is trying to stick above the 100-day SMA. The stock is trading close to the lower border of the ascending channel, so the rebound higher is possible. The first resistance lies at $120. After the breakout of this level, the stock may rise towards 200-day SMA at $127.3. On the downside, the first level for bears is placed at $112.2. To pull the stock further, sellers need to break this level. The further fall will be limited by the $109 level.




The Worst Day for Bears Ever
The Worst Day for Bears Ever

Bloomberg says yesterday’s movement was so far the wildest. It was the first time in history for the US500 to crash by 2% and close the day 2.8% above the neutral line. There’re several possible reasons for the move.

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera