Disney (DIS, $184.09) to release its remaining films for 2021 exclusively in theaters
Disney said that it will release its remaining films for 2021 exclusively in theaters for a minimum of 45 days, except for "Encanto" ( Encanto will stream on Disney+ after 30 days).
The media/entertainment behemoth said that it would release five films for minimum 45-day exclusive theatrical runs, including filmmaker Ridley Scott's "The Last Duel" to be released on Oct. 15, animated film "Ron's Gone Wrong" on Oct. 22, and Marvel Studio's "Eternals" on Nov. 5.
"Following the tremendous box office success of our summer films, which included five of the top eight domestic releases of the year, we are excited to update our theatrical plans for the remainder of 2021," Kareem Daniel, chairman of Disney Media & Entertainment Distribution, mentioned in a statement.
"As confidence in moviegoing continues to improve, we look forward to entertaining audiences in theaters, while maintaining the flexibility to give our Disney+ subscribers the gift of 'Encanto' this holiday season," Daniel said.
DIS's Indicator enters downward trend
The Aroon Indicator for DIS entered a downward trend on May 16, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 164 similar instances where the Aroon Indicator formed such a pattern. In 85 of the 164 cases the stock moved lower. This puts the odds of a downward move at 52%.
Throughout the month of 04/13/22 - 05/16/22, the price experienced a -20% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -2%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 41%.
The RSI Indicator entered the oversold zone -- be on the watch for DIS's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 44 of 72 cases where DIS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 61%.
Following a +2.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where DIS advanced for three days, in 157 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 51%.
DIS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 34%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.04.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DIS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 94 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 81 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.157) is normal, around the industry mean (4.950). P/E Ratio (72.464) is within average values for comparable stocks, (37.715). Projected Growth (PEG Ratio) (0.865) is also within normal values, averaging (2.471). DIS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (2.562) is also within normal values, averaging (134.101).
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating steady price growth. DIS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 62 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 7.1B. The market cap for tickers in the group ranges from 1.4K to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is GTOR at 1.4K.
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1.46%. For the same Industry, the average monthly price growth was -11.6%, and the average quarterly price growth was 9.5%. HMTV experienced the highest price growth at 72.94%, while GOAI experienced the biggest fall at -48%.
- 3/19/22 4:49 AM: Walt Disney Company (The) (DIS, $140.3) was a top weekly gainer, with a +6.49% jump
- 3/5/22 8:15 AM: Walt Disney Company (The) (DIS, $140.72) was a top loser this week, declining -5.89%
- 2/24/22 5:55 AM: Walt Disney Company (The) (DIS, $145.87) was a top loser this week, declining -6.7%
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 1.09%. For the same stocks of the Industry, the average monthly volume growth was 20.8% and the average quarterly volume growth was 56.64%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 3.90% within the next month with a likelihood of 56%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.64.
9 stocks in the group of tickers confirmed the positive outlook based on the Stochastic indicator with average odds of 68%.
The most notable companies in this group are Walt Disney Company (The) (NYSE:DIS), Comcast Corp (NASDAQ:CMCSA).
The average market capitalization across the group is 29.9B. The market cap for tickers in the group ranges from 0 to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is CCZ at 0.
The average weekly price growth across all stocks in the group was 2.29%. For the same group, the average monthly price growth was -14.1%, and the average quarterly price growth was -24.47%. CRGE experienced the highest price growth at 34.69%, while ICABY experienced the biggest fall at -30.5%.
- 5/10/22 5:36 AM: Charge Enterprises (CRGE, $3.43) was a top loser this week, declining -47.39%. Expect a Downtrend reversal
- 5/7/22 5:28 AM: Altice USA (ATUS, $10.22) was a top weekly gainer, with a +10.13% jump
- 5/7/22 5:28 AM: Charter Communications (CHTR, $459.77) was a top weekly gainer, with a +7.3% jump
The average weekly volume growth across all stocks in the group was -51.12%. For the same stocks of the group, the average monthly volume growth was -13.03% and the average quarterly volume growth was 160.17%
- 3/2/22 8:04 AM: The volume for AMC Networks stock increased for one day, resulting in a record-breaking daily growth of 267% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows