We assign a technical rating of 0 out of 10 to WMG. WMG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
27.42
When analyzing the support we notice one important area.
- Support @27.70 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 29.36 to 29.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.04 from a trend line in the weekly time frame.
- A resistance zone ranging from 33.77 to 34.07. 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 | DOWN | NEGATIVE | The long term trend for WMG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WMG is neutral. |
| ChartMill Relative Strength | 23.35 | NEGATIVE | WMG has a low relative strength, it was outperformed by 76.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WMG is above 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) | 54.02 | NEUTRAL | The RSI value for WMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests WMG has a positive trend. |
| Stochastics (14,3) | 68.39 | NEUTRAL | The Stochastics value for WMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for WMG suggests some volalility. |
| Average Directional Index/ADX (14) | 30.71 | POSITIVE | The high ADX value value for WMG suggests a strong trend. |
29.35
+0.01 (+0.03%)
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 54.0156. This indicates that the stock is currently neutral.
What is the MACD signal for WMG stock?
The MACD indicator for WARNER MUSIC GROUP CORP-CL A (WMG) has a value of 0.278724, 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 27.7 and a resistance level at 29.36. Check the full technical report for our detailed analysis of WMG support and resistance levels.