WARNER BROS DISCOVERY INC (WBD) Technical Analysis
NASDAQ:WBD • US9344231041
Current stock price
WBD Technical Rating and Analysis
Overall WBD gets a technical rating of 5 out of 10. In the last year, WBD was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- Looking at the yearly performance, WBD did better than 96% of all other stocks. On top of that, WBD also shows a nice and consistent pattern of rising prices.
- WBD is one of the better performing stocks in the Entertainment industry, it outperforms 97% of 79 stocks in the same industry.
- WBD 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 WBD is lagging the market slightly.
- WBD has an average volume of 25726300 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 27.76.
WBD Weekly and Daily overview Charts
WBD Setup Rating and Analysis
Although the technical rating is only medium, WBD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 27.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WBD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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 27.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 27.34 to 27.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.48 from a trend line in the daily time frame.
- 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 | 96.49 | POSITIVE | WBD has a high relative strength, it outperformed 96.49% 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) | 45.26 | NEUTRAL | The RSI value for WBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WBD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.3 | NEUTRAL | The Stochastics value for WBD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for WBD suggests low volalility. |
| Average Directional Index/ADX (14) | 11.73 | NEGATIVE | The low ADX value for WBD suggests a weak or negative trend. |
WBD Chart- and CandleStick Pattern Analysis
WBD Technicals: Chart, Performance Metrics, Trend & Indicators
27.31
-0.11 (-0.4%)
WARNER BROS DISCOVERY INC / WBD TA FAQ
What is the technical rating for WBD stock?
ChartMill assigns a technical rating of 5 / 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 45.2569. 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 0.024158, indicating a bearish trend.
What is the support and resistance level for WBD stock?
WARNER BROS DISCOVERY INC (WBD) has a support level at 27.3 and a resistance level at 27.34. Check the full technical report for our detailed analysis of WBD support and resistance levels.