WARNER BROS DISCOVERY INC (WBD) Stock Technical Analysis
USA - NASDAQ:WBD - US9344231041 - Common Stock
19.51 USD
-0.27 (-1.37%)
19.59 USD
+0.08 (+0.41%)
Taking everything into account, WBD scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WBD did better than 96% of all other stocks. We also observe that the gains produced by WBD over the past year are nicely spread over this period.
WBD is one of the better performing stocks in the Entertainment industry, it outperforms 96% of 80 stocks in the same industry.
WBD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month WBD has a been trading in the 11.25 - 20.24 range, which is quite wide. It is currently trading near the high of this range.
WBD has an average volume of 70339200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although WBD has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.86
20.02
We found 3 important support areas.
- A support zone ranging from 19.20 to 19.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.63 from a trend line in the daily time frame.
- A support zone ranging from 11.98 to 12.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.52 to 19.82. 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 | 96.31 | POSITIVE | WBD has a high relative strength, it outperformed 96.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBD is above the rising 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) | 75.68 | OVERBOUGHT | The high RSI value suggests WBD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests WBD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.01 | OVERBOUGHT | The high Stochastics value suggests WBD may be overbought. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for WBD suggests high volalility. |
| Average Directional Index/ADX (14) | 42.81 | POSITIVE | The high ADX value value for WBD suggests a strong trend. |
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)
19.51
-0.27 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-1.37%
1 Week0.93%
2 Weeks3.39%
1 Month61.84%
3 Month72.65%
6 Month88.14%
12 Month132.82%
2 Year79.65%
3 Year69.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%5.53%
ATR Inc-48.34%
Range Today0.61
ADR(20)1
ADR(20)%5.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.31
Mansfield6.58
10 Day High20.24
10 Day Low17.57
20 Day High20.24
20 Day Low11.25
52 Week High20.24
52 Week Low7.25
CS1 End19.5
CR1 Start19.52
Volume & EV
DER(3)1.74%
DER(5)2.45%
Volume42.08M
Volume Incr-46.12%
Vol(5)46.18M
Vol(50)70.34M