WARNER BROS DISCOVERY INC (WBD) Stock Technical Analysis
NASDAQ:WBD - Nasdaq - US9344231041 - Common Stock - Currency: USD
Overall WBD gets a technical rating of 6 out of 10. In the last year, WBD was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that WBD is one of the better performing stocks in the market, outperforming 90% of all stocks.
WBD is one of the better performing stocks in the Entertainment industry, it outperforms 80% of 74 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 66006300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month WBD has a been trading in the 10.76 - 13.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WBD has an average technical rating and also the quality of the setup is only medium 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
8.40
12.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.77 to 10.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @12.06 from a horizontal line in the daily time frame.
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 | 90.45 | POSITIVE | WBD has a high relative strength, it outperformed 90.45% 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) | 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) | 47.22 | NEUTRAL | The RSI value for WBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests WBD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.1 | NEUTRAL | The Stochastics value for WBD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for WBD suggests some volalility. |
| Average Directional Index/ADX (14) | 32.91 | 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)
11.82
-0.03 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.25%
1 Week9.65%
2 Weeks-7.66%
1 Month-7.66%
3 Month31.33%
6 Month9.65%
12 Month46.83%
2 Year-10.05%
3 Year-10.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%4.34%
ATR Inc-58.9%
Range Today0.24
ADR(20)0.5
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.45
Mansfield0.96
10 Day High13.23
10 Day Low10.76
20 Day High13.87
20 Day Low10.76
52 Week High13.87
52 Week Low6.78
CS1 End10.96
CR1 Start12.06
Volume & EV
DER(3)2.87%
DER(5)4.25%
Volume34.92M
Volume Incr-38.77%
Vol(5)47.57M
Vol(50)66.01M