WARNER MUSIC GROUP CORP-CL A (WMG) Stock Technical Analysis
USA - NASDAQ:WMG - US9345502036 - Common Stock
32.43 USD
-0.15 (-0.46%)
32.43 USD
0 (0%)
Overall WMG gets a technical rating of 5 out of 10. WMG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
WMG has an average volume of 1969420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WMG turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
WMG is an average performer in the Entertainment industry, it outperforms 53% of 79 stocks in the same industry.
WMG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WMG is lagging the market.
In the last month WMG has a been trading in the 31.70 - 34.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WMG has an average technical rating and the quality of the presented setup is also not ideal 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
31.75
37.60
When analyzing the support we notice one important area.
- A support zone ranging from 32.07 to 32.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.84 to 33.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 33.89 to 34.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.23 from a horizontal line in the weekly 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 WMG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WMG is neutral. |
| ChartMill Relative Strength | 48.38 | NEUTRAL | WMG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WMG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WMG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.5 | NEUTRAL | The RSI value for WMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests WMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.44 | NEUTRAL | The Stochastics value for WMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for WMG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.85 | NEUTRAL | The ADX value for WMG suggests a possible start of a new 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)
32.43
-0.15 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.46%
1 Week-0.67%
2 Weeks-5.29%
1 Month-2.35%
3 Month3.88%
6 Month11.37%
12 Month0.06%
2 Year3.61%
3 Year24.63%
5 Year22.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%2.13%
ATR Inc45.99%
Range Today1.08
ADR(20)0.68
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.38
Mansfield-0.59
10 Day High34.45
10 Day Low31.7
20 Day High34.63
20 Day Low31.7
52 Week High36.64
52 Week Low25.56
CS1 End32.32
CR1 Start32.84
Volume & EV
DER(3)-5.8%
DER(5)-3.26%
Volume1.84M
Volume Incr21.22%
Vol(5)2.05M
Vol(50)1.97M