WARNER MUSIC GROUP CORP-CL A (WMG) Stock Technical Analysis
NASDAQ:WMG - Nasdaq - US9345502036 - Common Stock - Currency: USD
Taking everything into account, WMG scores 1 out of 10 in our technical rating. WMG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
WMG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
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 2114010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, WMG outperforms 40% of them, which is more or less in line with the market.
WMG is part of the Entertainment industry. There are 72 other stocks in this industry, WMG did better than 61% of them.
Considerably lower volume is observed 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 and the volatility has been reduced. There is a support zone below the current price at 27.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WMG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
27.23
37.60
We found 1 important support area.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 29.13 to 29.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.43 to 30.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 32.17 to 32.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @37.23 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.65
Mansfield0
10 Day High30.43
10 Day Low27.41
20 Day High33.13
20 Day Low27.41
52 Week High36.64
52 Week Low27.06
Performance
1 Week0.73%
2 Weeks-5.85%
1 Month-10.34%
3 Month-3.7%
6 Month-10.15%
12 Month-11.68%
2 Year-4.43%
3 Year-2.18%
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)-0.07
RSI(14)38.04
LBB27.56
UBB31.74
29.12
+0.53 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.85%
1 Week0.73%
2 Weeks-5.85%
1 Month-10.34%
3 Month-3.7%
6 Month-10.15%
12 Month-11.68%
2 Year-4.43%
3 Year-2.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%3.58%
ATR Inc-18.46%
Range Today0.9
ADR(20)1
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.65
Mansfield0
10 Day High30.43
10 Day Low27.41
20 Day High33.13
20 Day Low27.41
52 Week High36.64
52 Week Low27.06
CS1 End27.6
CR1 Start29.13
Volume & EV
DER(3)3.33%
DER(5)2.76%
Volume786.20K
Volume Incr-58.24%
Vol(5)1.03M
Vol(50)2.11M