WARNER BROS DISCOVERY INC (WBD) Technical Analysis
NASDAQ:WBD • US9344231041
Current stock price
WBD Technical Rating and Analysis
Taking everything into account, WBD scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- When comparing the yearly performance of all stocks, we notice that WBD is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by WBD over the past year are nicely spread over this period.
- WBD is part of the Entertainment industry. There are 79 other stocks in this industry. WBD outperforms 94% of them.
- WBD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WBD is performing more or less in line with the market.
- WBD has an average volume of 26437600 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- In the last month WBD has a been trading in a tight range between 26.86 and 28.19.
WBD Weekly and Daily overview Charts
WBD Setup Rating and Analysis
WBD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.40, a Stop Loss order could be placed below this zone.
More info and screens
WBD Support and Resistance Analysis
26.49
We found 1 important support area.
- A support zone ranging from 26.76 to 27.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 27.50 to 28.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.23 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.98 to 29.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
WBD 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 WBD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBD is down. |
| ChartMill Relative Strength | 96.76 | POSITIVE | WBD has a high relative strength, it outperformed 96.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WBD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WBD is below a declining 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) | 47.24 | NEUTRAL | The RSI value for WBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WBD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.67 | NEUTRAL | The Stochastics value for WBD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for WBD suggests low volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for WBD suggests a strong trend. |
WBD Chart- and CandleStick Pattern Analysis
WBD Example Setup
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 |
|---|---|---|---|
| 28.02 | 26.85 | 1.17 (4.18%) | 23.95% |
| An entry @28.02. This is a Buy Stop order right above the resistance zone. | An exit @26.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.17 points, which is 4.18%. | When investing 23.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
WBD Technicals: Chart, Performance Metrics, Trend & Indicators
27.49
+0.03 (+0.11%)
WARNER BROS DISCOVERY INC / WBD TA FAQ
What is the technical rating for WBD stock?
ChartMill assigns a technical rating of 6 / 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.
Can you provide the RSI signal for WARNER BROS DISCOVERY INC?
WARNER BROS DISCOVERY INC (WBD) has an RSI value of 47.2396. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WARNER BROS DISCOVERY INC?
The MACD indicator for WARNER BROS DISCOVERY INC (WBD) has a value of -0.0156883, indicating a bearish trend.
What is the support and resistance level for WBD stock?
WARNER BROS DISCOVERY INC (WBD) has a support level at 27.4 and a resistance level at 27.5. Check the full technical report for our detailed analysis of WBD support and resistance levels.