Technical Analysis for WMG - Warner Music Group

Grade Last Price % Change Price Change
C 36.52 -1.51% -0.56
WMG closed down 1.51 percent on Monday, April 12, 2021, on 38 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical WMG trend table...

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength 0.00%
Stochastic Sell Signal Bearish -1.51%
Upper Bollinger Band Walk Strength -1.51%
Above Upper BB Strength -1.51%
Overbought Stochastic Strength -1.51%
Upper Bollinger Band Touch Strength -1.51%
MACD Bullish Centerline Cross Bullish -2.17%
Upper Bollinger Band Walk Strength -2.17%
Above Upper BB Strength -2.17%
Overbought Stochastic Strength -2.17%
Older End-of-Day Signals for WMG ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 1 ATR about 7 hours ago
Down 3% about 7 hours ago
Down 2 % about 7 hours ago
Down 1% about 8 hours ago
Fell Below Previous Day's Low about 8 hours ago
View Earlier Intraday Alerts

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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 Wholesale Distributors Nashville Library Dvd Fueled Video Products Songs East West Music

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 39.61
52 Week Low 25.61
Average Volume 890,780
200-Day Moving Average 31.87
50-Day Moving Average 35.50
20-Day Moving Average 34.10
10-Day Moving Average 35.15
Average True Range 1.34
ADX 23.92
+DI 25.78
-DI 15.52
Chandelier Exit (Long, 3 ATRs ) 33.93
Chandelier Exit (Short, 3 ATRs ) 35.51
Upper Bollinger Band 37.43
Lower Bollinger Band 30.76
Percent B (%b) 0.86
BandWidth 19.56
MACD Line 0.42
MACD Signal Line -0.13
MACD Histogram 0.5495
Fundamentals Value
Market Cap 3.23 Billion
Num Shares 88.6 Million
EPS 0.29
Price-to-Earnings (P/E) Ratio 124.98
Price-to-Sales 3.39
Price-to-Book 0.00
Dividend 0.48
Dividend Yield 1.31%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.71
Resistance 3 (R3) 38.69 37.95 38.35
Resistance 2 (R2) 37.95 37.39 37.96 38.22
Resistance 1 (R1) 37.23 37.04 36.86 37.25 38.10
Pivot Point 36.49 36.49 36.30 36.50 36.49
Support 1 (S1) 35.77 35.93 35.40 35.79 34.94
Support 2 (S2) 35.03 35.58 35.04 34.82
Support 3 (S3) 34.31 35.03 34.70
Support 4 (S4) 34.33