The Walt Disney Co DIS will be reporting its second-quarter earnings on Tuesday, May 7. Wall Street expects $1.10 in earnings per share (EPS) and $22.12 billion in revenues as the company reports before market hours.
The stock is up 12.69%% over the past year — more than 25.8% year-to-date.
Let’s look at what the charts indicate for Disney stock, and how the stock currently maps against Wall Street estimates.
Disney Stock In A Bullish Trend Ahead Of Q2 Earnings
Disney stock is currently experiencing a strongly bullish trend.
Disney’s stock price is at $114.20, while the 8-day simple moving average (SMA) is at $112.46, signaling current bullish sentiments associated with the stock.
However, the 20-day SMA is at $113.52, giving out a bearish sign. Similarly, the 50-day SMA is at $114.33, suggesting bearishness, technically.
The Moving Average Convergence Divergence (MACD) indicator is -0.57, suggesting some bearishness. It also appears to be on the verge of crossing over the signal line – marking a sign of trend reversal. The Relative Strength Index (RSI) is at 52.13, indicating that the stock is neither oversold or overbought.
The Bollinger Bands have the stock edging higher towards the upper (bullish) band after trading a while in the lower (bearish) band.
Overall, based on these indicators, Disney stock appears to be in a mixed phase, with some signals indicating bullishness and others suggesting caution.
Also Read: What the Options Market Tells Us About Walt Disney
Disney Analysts See 22.74% Upside Ahead
Ratings & Consensus Estimates: The consensus analyst rating on Disney stock stands at a Buy currently with a price target of $117.46.
The latest analyst ratings for the stock have been issued by Wells Fargo, JPMorgan, and Argus Research since April 10. These analyst ratings collectively stand at an average price target of $140.33, indicating a potential upside of 22.74% for the stock.
DIS Price Action: Disney stock was trading at $115.46 per share, up 1.58%, at last check on Monday.
Read Next: Kroger To Boost Customer Perks With Disney+ Streaming: Report
Image: Pixabay
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