WARNER MUSIC GROUP CORP-CL A (WMG)
US9345502036 - Common Stock
We assign a technical rating of 2 out of 10 to WMG. In the last year, WMG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
68% of all other stocks performed better in the past year than WMG.
In the last month WMG has a been trading in the 30.55 - 33.38 range, which is quite wide. It is currently trading near the lows of this range.
WMG has an average volume of 1539610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
WMG is an average performer in the Entertainment industry, it outperforms 47% of 72 stocks in the same industry.
WMG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WMG is lagging the market slightly.
Volume is considerably higher in the last couple of days.
WMG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
27.23
34.02
4 important support areas can be observed.
- Support @30.75 from a horizontal line in the daily time frame.
- Support @29.50 from a horizontal line in the daily time frame.
- Support @28.34 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.78 to 33.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.93
Mansfield-1.21
10 Day High33.38
10 Day Low30.55
20 Day High33.38
20 Day Low30.55
52 Week High38.05
52 Week Low27.06
Performance
1 Week-4.18%
2 Weeks-3.86%
1 Month-0.06%
3 Month2.37%
6 Month3.76%
12 Month-11.7%
2 Year-11.02%
3 Year-27.84%
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)-0.16
RSI(14)41.63
LBB30.84
UBB33.18
WARNER MUSIC GROUP CORP-CL A
NASDAQ:WMG (12/20/2024, 8:00:02 PM)
After market: 31.16 0 (0%)31.16
+0.43 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.4%
1 Week-4.18%
2 Weeks-3.86%
1 Month-0.06%
3 Month2.37%
6 Month3.76%
12 Month-11.7%
2 Year-11.02%
3 Year-27.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%2.47%
ATR Inc20.42%
Range Today0.75
ADR(20)0.77
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.93
Mansfield-1.21
10 Day High33.38
10 Day Low30.55
20 Day High33.38
20 Day Low30.55
52 Week High38.05
52 Week Low27.06
CS1 End30.75
CR1 Start31.78
Volume & EV
DER(3)1.13%
DER(5)-0.26%
Volume4.10M
Volume Incr13.07%
Vol(5)2.11M
Vol(50)1.54M