WARNER MUSIC GROUP CORP-CL A (WMG) Stock Technical Analysis
NASDAQ:WMG - Nasdaq - US9345502036 - Common Stock - Currency: USD
Overall WMG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WMG is only an average performer.
The long and short term trends are both positive. This is looking good!
WMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WMG is lagging the market slightly.
WMG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WMG has an average volume of 1835410 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 68% of them, which is more or less in line with the market.
WMG is part of the Entertainment industry. There are 71 other stocks in this industry, WMG did better than 60% of them.
WMG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
28.50
36.67
When analyzing the support we can see 4 important areas.
- Support @33.92 from a trend line in the daily time frame.
- A support zone ranging from 31.65 to 31.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 29.50 to 29.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.31 to 36.31. This zone is formed by a combination of multiple trend lines 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
CRS68.29
Mansfield0.39
10 Day High36.64
10 Day Low31.74
20 Day High36.64
20 Day Low29.79
52 Week High36.64
52 Week Low27.06
Performance
1 Week0.43%
2 Weeks11.06%
1 Month17.34%
3 Month10.71%
6 Month21.17%
12 Month2.56%
2 Year11.72%
3 Year-2.65%
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)0.27
RSI(14)67.58
LBB30.86
UBB37.16
35.26
-0.31 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.87%
1 Week0.43%
2 Weeks11.06%
1 Month17.34%
3 Month10.71%
6 Month21.17%
12 Month2.56%
2 Year11.72%
3 Year-2.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%2.75%
ATR Inc-39.42%
Range Today0.74
ADR(20)0.85
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.29
Mansfield0.39
10 Day High36.64
10 Day Low31.74
20 Day High36.64
20 Day Low29.79
52 Week High36.64
52 Week Low27.06
CS1 End33.92
CR1 Start36.31
Volume & EV
DER(3)-0.68%
DER(5)-0.92%
Volume1.95M
Volume Incr-5.15%
Vol(5)1.78M
Vol(50)1.84M