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World Wrestling Entertainment (WWE) Stock Technical Analysis

NYSE:WWE - New York Stock Exchange, Inc. - US98156Q1085 - Common Stock - Currency: USD

100.65  +2.6 (+2.65%)

After market: 100.65 0 (0%)

Technical Rating and Analysis

4

Taking everything into account, WWE scores 4 out of 10 in our technical rating. Although WWE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month WWE has a been trading in the 93.93 - 118.04 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, WWE did better than 89% of all other stocks. On top of that, WWE also shows a nice and consistent pattern of rising prices.
WWE is part of the Entertainment industry. There are 71 other stocks in this industry. WWE outperforms 80% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
WWE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WWE is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
World Wrestling Entertainment / WWE Weekly stock chart
World Wrestling Entertainment / WWE Daily stock chart
Setup Rating and Analysis

6

WWE has an average technical rating and also the quality of the setup is only medium 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.

Support and Resistance Analysis

79.23

101.66

3 important support areas can be observed.

  • A support zone ranging from 96.55 to 98.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @82.47 from a trend line in the weekly time frame.
  • Support @80.03 from a trend line in the weekly time frame.

Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for WWE is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for WWE is down.
ChartMill Relative Strength89.93POSITIVEWWE has a high relative strength, it outperformed 89.93% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of WWE is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of WWE is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of WWE is above the rising SMA(200).
Relative Strength Index/RSI (14)40.98NEUTRALThe RSI value for WWE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-1.58NEGATIVEThe MACD value suggests WWE has a negative trend, although the MACD value is rising.
Stochastics (14,3)22.56NEUTRALThe Stochastics value for WWE is a neutral value.
Average True Range in percent/ATR (20)4.32MEDIUM VOLATILITYThe ATR as a percentage value for WWE suggests some volalility.
Average Directional Index/ADX (14)34.34POSITIVEThe high ADX value value for WWE suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
World Wrestling Entertainment / WWE Daily stock chart

World Wrestling Entertainment

NYSE:WWE (9/11/2023, 8:04:00 PM)

After market: 100.65 0 (0%)

100.65

+2.6 (+2.65%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg2.65%
1 Week-3.76%
2 Weeks-11.47%
1 Month-9.89%
3 Month-2.02%
6 Month20.78%
12 Month48.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.91
ATR(20)%4.32%
ATR Inc-14.57%
Range Today3.87
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.93
Mansfield0.09
10 Day High116.48
10 Day Low93.93
20 Day High118.04
20 Day Low93.93
52 Week High118.04
52 Week Low66.43
CS1 End98.05
CR1 StartN/A
Volume & EV
DER(3)2.19%
DER(5)2.57%
Volume1.64M
Volume Incr71.15%
Vol(5)1.37M
Vol(50)737.06K