We assign a technical rating of 10 out of 10 to WBD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WBD is showing a nice and steady performance.
Besides having an excellent technical rating, WBD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 28.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
14.45
2 important support areas can be observed.
- A support zone ranging from 28.32 to 28.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.60 to 14.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 WBD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBD is up. |
| ChartMill Relative Strength | 98.23 | POSITIVE | WBD has a high relative strength, it outperformed 98.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WBD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WBD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WBD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.26 | NEUTRAL | The RSI value for WBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests WBD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.22 | NEUTRAL | The Stochastics value for WBD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for WBD suggests some volalility. |
| Average Directional Index/ADX (14) | 37.35 | POSITIVE | The high ADX value value for WBD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.11 | 28.31 | 0.80 (2.73%) | 25.00% |
| An entry @29.11. This is a Buy Stop order right above the 10 day high. | An exit @28.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.80 points, which is 2.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of WBD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.885
+0.57 (+2%)
WARNER BROS DISCOVERY INC / WBD FAQ
What is the technical rating for WBD stock?
ChartMill assigns a technical rating of 10 / 10 to WBD.
What is the current trend direction of WARNER BROS DISCOVERY INC (WBD) stock?
The current trend direction for WARNER BROS DISCOVERY INC (WBD) is Bullish.
What is the RSI signal for WARNER BROS DISCOVERY INC (WBD) stock?
WARNER BROS DISCOVERY INC (WBD) has an RSI value of 63.2553. This indicates that the stock is currently neutral.
What is the short term momentum for WARNER BROS DISCOVERY INC (WBD) stock?
The short term momentum for WARNER BROS DISCOVERY INC (WBD) is positive.
Can you provide the support and resistance levels for WARNER BROS DISCOVERY INC?
WARNER BROS DISCOVERY INC (WBD) has a support level at 28.77. Check the full technical report for our detailed analysis of WBD support and resistance levels.