WARNER MUSIC GROUP CORP-CL A (WMG)
US9345502036 - Common Stock
We assign a technical rating of 3 out of 10 to WMG. WMG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
WMG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WMG is performing more or less in line with the market.
WMG has an average volume of 1574350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, WMG outperforms 62% of them, which is more or less in line with the market.
WMG is part of the Entertainment industry. There are 76 other stocks in this industry, WMG did better than 66% of them.
In the last month WMG has a been trading in the 31.32 - 35.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
WMG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 33.68, a Stop Loss order could be placed below this zone.
More info and screens
26.27
38.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.37 to 33.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.24 to 32.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @34.47 from a trend line in the daily time frame.
- Resistance @35.62 from a horizontal line in the daily time frame.
- A resistance zone ranging from 37.24 to 37.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.91 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.31
Mansfield-0.36
10 Day High34.19
10 Day Low31.32
20 Day High35.31
20 Day Low31.32
52 Week High38.05
52 Week Low23.62
Performance
1 Week5.37%
2 Weeks3.55%
1 Month2.43%
3 Month-6.87%
6 Month3.77%
12 Month23.88%
2 Year14.99%
3 Year-4.88%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.14
RSI(14)57.17
LBB31.57
UBB34.25
WARNER MUSIC GROUP CORP-CL A
NASDAQ:WMG (5/3/2024, 7:26:37 PM)
After market: 34.14 0 (0%)34.14
+0.92 (+2.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg2.77%
1 Week5.37%
2 Weeks3.55%
1 Month2.43%
3 Month-6.87%
6 Month3.77%
12 Month23.88%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.92
ATR(20)%2.86%
ATR Inc
Range Today0.78
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High34.19
10 Day Low31.32
20 Day High35.31
20 Day Low31.32
52 Week High38.05
52 Week Low23.62
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.47M
Volume Incr18.41%
Vol(5)2.17M
Vol(50)1.57M