WARNER BROS DISCOVERY INC (WBD) Stock Technical Analysis
NASDAQ:WBD - Nasdaq - US9344231041 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to WBD. Both in the recent history as in the last year, WBD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WBD did better than 93% of all other stocks.
WBD is part of the Entertainment industry. There are 72 other stocks in this industry. WBD outperforms 87% of them.
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 10.78 - 13.68 range, which is quite wide. It is currently trading near the high of this range.
WBD has an average volume of 60254900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
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
7.44
13.62
We found 4 important support areas.
- A support zone ranging from 10.79 to 10.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.38 from a trend line in the weekly time frame.
- Support @7.93 from a trend line in the daily time frame.
- Support @7.52 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 | UP | POSITIVE | The short term trend for WBD is up. |
| ChartMill Relative Strength | 93.51 | POSITIVE | WBD has a high relative strength, it outperformed 93.51% 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) | 81.58 | OVERBOUGHT | The high RSI value suggests WBD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests WBD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.27 | OVERBOUGHT | The high Stochastics value suggests WBD may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for WBD suggests some volalility. |
| Average Directional Index/ADX (14) | 59.05 | 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)
13.49
-0.01 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.07%
1 Week5.8%
2 Weeks15%
1 Month20.99%
3 Month57.04%
6 Month31.61%
12 Month62.33%
2 Year3.21%
3 Year-10.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%2.88%
ATR Inc11.89%
Range Today0.37
ADR(20)0.36
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.51
Mansfield2.9
10 Day High13.68
10 Day Low11.71
20 Day High13.68
20 Day Low10.78
52 Week High13.68
52 Week Low6.64
CS1 End10.8
CR1 StartN/A
Volume & EV
DER(3)5.96%
DER(5)3.92%
Volume74.37M
Volume Incr30.17%
Vol(5)91.50M
Vol(50)60.25M