CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Walt Disney

Special Reports - 03/02/2021

03 February, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Walt Disney weekly uptrend opportunity based On 1.00 Lot Calculation:

  • The Walt Disney Company owns amusing parks (Disneyland) and resorts, makes movies and offers TV streaming services to entertain people all across the world.
  • EVENT: QUARTERLY EARNINGS RESULTS (Q4 ‘20) (Thursday, February 11, 2021 (AFTERMARKET). The company is expected to report an Earnings Per Share (EPS) loss of $0.283, which is lower that Q3 EPS loss of $0.390. Revenue figure are expected to come in at 15.90 billion dollars, higher Q3 revenue figures of 14.70 billion dollars.
  • DISNEY has managed to beat Earnings Per Share 6 out of the last 8 times. They also managed to beat Revenue figures 6 out of the last 8 times. Rising DISNEY+ subscribers could surprise to the upside due to lockdowns, which should help Walt Disney beat earnings and revenue results on Thursday (February 11, 2021).
  • DISNEY+ TV STREAMING SERVICE SUBSCRIBERS CONTINUED TO RISE: The number of Disney+ subscribers rose to almost 90 million from 73.7 million at the end of the last quarter. The company increased its forecast from 60 million to 260 million Disney+ subscribers by 2024. Their closest competitor Netflix has a little over 200 million subscribers.
  • DISNEY STAR (NEW BRAND) HAS BEEN OFFICIALLY ANNOUNCED: Star will introduce fresh content including TV Series, movies, and original programming to customers in Europe, Australia, and Canada, starting on February 23rd, 2021. This could potentially increase the number of subscribers worldwide.

Walt Disney (#DISNEY), February 3, 2021
Current Price: 177

Walt Disney

Weekly

Trend direction

UP

Resistance 3

210

Resistance 2

200

Resistance 1

190

Support 1

165

Support 2

160

Support 3

155

Example of calculation base on weekly trend direction for 1.00 Lot*

Walt Disney

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

33,000.00

23,000.00

13,000.00

-12,000.00

-17,000.00

-22,000.00

Profit or loss in €**

27,471.84

19,147.04

10,822.24

-9,989.76

-14,152.16

-18,314.56

Profit or loss in £**

24,218.76

16,879.74

9,540.72

-8,806.82

-12,476.33

-16,145.84

Profit or loss in C$**

42,219.54

29,425.74

16,631.94

-15,352.56

-21,749.46

-28,146.36

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 13:50 (GMT) 03/02/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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