WARNER MUSIC GROUP CORP-CL A (WMG) Stock Technical Analysis
USA - NASDAQ:WMG - US9345502036 - Common Stock
We assign a technical rating of 0 out of 10 to WMG. WMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of WMG is bad and it also does not present a 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
25.65
When analyzing the support we notice one important area.
- A support zone ranging from 25.91 to 26.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 33.44 to 34.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for WMG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WMG is down. |
| ChartMill Relative Strength | 25.01 | NEGATIVE | WMG has a low relative strength, it was outperformed by 74.99% off all stocks 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) | DOWN | NEGATIVE | The current price of WMG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WMG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.63 | OVERSOLD | The low RSI value suggests WMG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests WMG has a negative trend. |
| Stochastics (14,3) | 7.56 | OVERSOLD | The low Stochastics value suggests WMG may be oversold. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for WMG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.72 | POSITIVE | The high ADX value value for WMG suggests a strong trend. |
29.75
-0.07 (-0.23%)
WARNER MUSIC GROUP CORP-CL A / WMG FAQ
What is the technical rating for WMG stock?
ChartMill assigns a technical rating of 0 / 10 to WMG.
Can you provide the trend direction for WARNER MUSIC GROUP CORP-CL A?
The current trend direction for WARNER MUSIC GROUP CORP-CL A (WMG) is Bearish.
What is the RSI signal for WARNER MUSIC GROUP CORP-CL A (WMG) stock?
WARNER MUSIC GROUP CORP-CL A (WMG) has an RSI value of 26.6313. This indicates that the stock is currently oversold.
What is the MACD signal for WMG stock?
The MACD indicator for WARNER MUSIC GROUP CORP-CL A (WMG) has a value of -0.308566, indicating a bearish trend.
What is the support and resistance level for WMG stock?
WARNER MUSIC GROUP CORP-CL A (WMG) has a support level at 26.22 and a resistance level at 33.44. Check the full technical report for our detailed analysis of WMG support and resistance levels.