WARNER MUSIC GROUP CORP-CL A (WMG) Stock Technical Analysis
NASDAQ:WMG - Nasdaq - US9345502036 - Common Stock
Overall WMG gets a technical rating of 0 out of 10. WMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
83% of all other stocks performed better in the past year than WMG.
WMG is one of the lesser performing stocks in the Entertainment industry. 65% of 71 stocks in the same industry do better.
WMG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
WMG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
WMG has an average volume of 1656180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, WMG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 29.97, a Stop Loss order could be placed below this zone.
More info and screens
27.23
34.02
We found 3 important support areas.
- A support zone ranging from 29.42 to 29.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @28.59 from a trend line in the weekly time frame.
- A support zone ranging from 27.51 to 27.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 30.55 to 31.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.00 to 33.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 33.67 to 33.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.37
Mansfield-1.37
10 Day High31.54
10 Day Low28.73
20 Day High31.7
20 Day Low28.73
52 Week High38.05
52 Week Low27.06
Performance
1 Week1.56%
2 Weeks-3.22%
1 Month-4%
3 Month-7.29%
6 Month0.64%
12 Month-19.37%
2 Year-17.64%
3 Year-29.36%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)40.49
LBB28.86
UBB31.71
WARNER MUSIC GROUP CORP-CL A
NASDAQ:WMG (1/21/2025, 8:00:02 PM)
After market: 30.02 0 (0%)30.02
-0.22 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.73%
1 Week1.56%
2 Weeks-3.22%
1 Month-4%
3 Month-7.29%
6 Month0.64%
12 Month-19.37%
2 Year-17.64%
3 Year-29.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%2.45%
ATR Inc-36.56%
Range Today0.53
ADR(20)0.72
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.37
Mansfield-1.37
10 Day High31.54
10 Day Low28.73
20 Day High31.7
20 Day Low28.73
52 Week High38.05
52 Week Low27.06
CS1 End29.97
CR1 Start30.55
Volume & EV
DER(3)2.4%
DER(5)1.69%
Volume1.55M
Volume Incr-28.4%
Vol(5)1.25M
Vol(50)1.66M