Technical Analysis for WMG - Warner Music Group

Grade Last Price % Change Price Change
F 30.14 2.13% 0.63
WMG closed up 2.13 percent on Thursday, July 11, 2024, on 66 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Multiple of Ten Bullish Other 0.00%
Gapped Up Strength 0.00%
MACD Bearish Signal Line Cross Bearish 2.13%
Bollinger Band Squeeze Range Contraction 2.13%
Multiple of Ten Bearish Other 2.13%
BB Squeeze + Lower Band Touch Range Contraction 2.13%
Below Lower BB Weakness 2.13%
Gapped Down Weakness 2.13%
Lower Bollinger Band Touch Weakness 2.13%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 18 hours ago
Rose Above Previous Day's High about 21 hours ago
Up 2% about 21 hours ago
Gap Up Partially Closed about 21 hours ago
Gapped Up (Partial) about 21 hours ago

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Profile

Warner Music Group Description

Warner Music Group Corp. operates as a music-based content company in the United States, the United Kingdom, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as the related marketing, promotion, distribution, sale, and licensing of recorded music created by such artists. This segment also specializes in marketing its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin', Warner Classics, and Warner Music Nashville. This segment markets, sells, and licenses recorded music in various physical formats, including CDs, vinyl, and DVDs; and digital formats, such as downloads and streaming. The Music Publishing segment owns and acquires rights to approximately 1.4 million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 80,000 songwriters and composers; and a range of genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, techno, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios; and operates production music library. In addition, it offers music and video products to retailers and wholesale distributors; and distribution centers and ventures. The company was founded in 1929 and is headquartered in New York, New York. Warner Music Group Corp. is a subsidiary of AI Entertainment Holdings LLC.


Classification

Sector: Communication Services
Industry: Entertainment
Keywords: Distribution Center Wholesale Distributor Video Products Music Record Labels

Is WMG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 37.6655
52 Week Low 27.9333
Average Volume 2,324,731
200-Day Moving Average 32.90
50-Day Moving Average 31.21
20-Day Moving Average 30.53
10-Day Moving Average 30.36
Average True Range 0.75
RSI (14) 45.65
ADX 10.99
+DI 16.32
-DI 26.36
Chandelier Exit (Long, 3 ATRs) 29.70
Chandelier Exit (Short, 3 ATRs) 31.31
Upper Bollinger Bands 31.45
Lower Bollinger Band 29.62
Percent B (%b) 0.28
BandWidth 5.99
MACD Line -0.25
MACD Signal Line -0.24
MACD Histogram -0.0097
Fundamentals Value
Market Cap 4.24 Billion
Num Shares 141 Million
EPS 0.89
Price-to-Earnings (P/E) Ratio 33.87
Price-to-Sales 2.90
Price-to-Book 39.97
PEG Ratio 1.17
Dividend 0.66
Dividend Yield 2.19%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.97
Resistance 3 (R3) 30.91 30.58 30.83
Resistance 2 (R2) 30.58 30.37 30.61 30.78
Resistance 1 (R1) 30.36 30.24 30.47 30.42 30.74
Pivot Point 30.03 30.03 30.09 30.06 30.03
Support 1 (S1) 29.81 29.82 29.92 29.87 29.54
Support 2 (S2) 29.48 29.69 29.51 29.50
Support 3 (S3) 29.26 29.48 29.45
Support 4 (S4) 29.32