WARNER BROS DISCOVERY INC (WBD) Stock Technical Analysis
NASDAQ:WBD • US9344231041
We assign a technical rating of 8 out of 10 to WBD. 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that WBD is one of the better performing stocks in the market, outperforming 95% of all stocks.
- WBD is part of the Entertainment industry. There are 80 other stocks in this industry. WBD outperforms 96% 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.
- WBD has an average volume of 30483800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month WBD has a been trading in the 26.61 - 29.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although WBD has an excellent technical rating, it does not present a decent entry opportunity 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
15.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.00 to 28.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.76 to 27.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.93 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- 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.
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 | NEUTRAL | NEUTRAL | The short term trend for WBD is neutral. |
| ChartMill Relative Strength | 95.2 | POSITIVE | WBD has a high relative strength, it outperformed 95.2% 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) | 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) | 48.98 | NEUTRAL | The RSI value for WBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WBD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.51 | NEUTRAL | The Stochastics value for WBD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for WBD suggests low volalility. |
| Average Directional Index/ADX (14) | 23.05 | NEUTRAL | The ADX value for WBD suggests a possible start of a new trend. |
28.17
-0.63 (-2.19%)
WARNER BROS DISCOVERY INC / WBD FAQ
What is the technical rating for WBD stock?
ChartMill assigns a technical rating of 8 / 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.
What is the RSI signal for WARNER BROS DISCOVERY INC (WBD) stock?
WARNER BROS DISCOVERY INC (WBD) has an RSI value of 48.977. This indicates that the stock is currently neutral.
What is the short term momentum for WARNER BROS DISCOVERY INC (WBD) stock?
The short term momentum for WARNER BROS DISCOVERY INC (WBD) is neutral.
Can you provide the support and resistance levels for WARNER BROS DISCOVERY INC?
WARNER BROS DISCOVERY INC (WBD) has a support level at 28.06 and a resistance level at 29.23. Check the full technical report for our detailed analysis of WBD support and resistance levels.