J5A Technical Analysis - WARNER BROS DISCOVERY INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to J5A. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, J5A is showing a nice and steady performance.

Warning: J5A has an average volume of 2849 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that J5A is one of the better performing stocks in the market, outperforming 98% of all stocks.

J5A is one of the better performing stocks in the Entertainment industry, it outperforms 100% of 46 stocks in the same industry.

J5A is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month J5A has a been trading in the 9.69 - 15.85 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WARNER BROS DISCOVERY INC / J5A Weekly stock chart

WARNER BROS DISCOVERY INC / J5A Daily stock chart

Setup Rating and Analysis

Although J5A has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.23

16.01

We found 2 important support areas.

Support @9.95 from a trend line in the daily time frame.
Support @9.32 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for J5A.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for J5A.DE is up.
ChartMill Relative Strength	98.42	POSITIVE	J5A.DE has a high relative strength, it outperformed 98.42% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of J5A.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of J5A.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of J5A.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	85.18	OVERBOUGHT	The high RSI value suggests J5A.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.43	POSITIVE	The MACD value suggests J5A.DE has a positive trend.
Stochastics (14,3)	89.07	OVERBOUGHT	The high Stochastics value suggests J5A.DE may be overbought.
Average True Range in percent/ATR (20)	3.04	MEDIUM VOLATILITY	The ATR as a percentage value for J5A.DE suggests some volalility.
Average Directional Index/ADX (14)	18.6	NEGATIVE	The low ADX value for J5A.DE suggests a weak or negative trend.