Technical Analysis for WMG - Warner Music Group

Grade Last Price % Change Price Change
grade B 30.88 2.93% 0.88
WMG closed up 2.93 percent on Friday, July 10, 2020, on 14 percent of normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong N/A N/A Up
Historical WMG trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Multiple of Ten Bullish Other 0.00%
Up 3 Days in a Row Strength 0.00%
New Uptrend Bullish 2.93%
Narrow Range Bar Range Contraction 2.93%
Inside Day Range Contraction 2.93%
Narrow Range Bar Range Contraction 3.00%
Multiple of Ten Bearish Other 3.00%
Stochastic Buy Signal Bullish 4.18%
Narrow Range Bar Range Contraction 4.18%

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Profile

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.
Video Products

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 34.76
52 Week Low 26.99
Average Volume 2,516,591
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 30.94
10-Day Moving Average 30.05
Average True Range 1.62
ADX 25.88
+DI 24.17
-DI 13.91
Chandelier Exit (Long, 3 ATRs ) 29.15
Chandelier Exit (Short, 3 ATRs ) 33.40
Upper Bollinger Band 33.20
Lower Bollinger Band 28.68
Percent B (%b) 0.49
BandWidth 14.61
MACD Line -0.50
MACD Signal Line -0.43
MACD Histogram -0.073
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.71
Resistance 3 (R3) 32.55 31.77 32.41
Resistance 2 (R2) 31.77 31.31 31.86 32.30
Resistance 1 (R1) 31.33 31.02 31.55 31.49 32.20
Pivot Point 30.55 30.55 30.67 30.64 30.55
Support 1 (S1) 30.11 30.09 30.33 30.27 29.56
Support 2 (S2) 29.33 29.80 29.42 29.46
Support 3 (S3) 28.89 29.33 29.36
Support 4 (S4) 29.05