Technical Analysis for WMG - Warner Music Group

Grade Last Price % Change Price Change
A 48.0 0.65% 0.31
WMG closed up 1.19 percent on Monday, October 18, 2021, on 71 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.65%
NR7 Range Contraction 0.65%
NR7-2 Range Contraction 0.65%
Overbought Stochastic Strength 0.65%
Bearish Engulfing Bearish 1.85%
NR7 Range Contraction 1.85%
New 52 Week High Strength 1.85%
Overbought Stochastic Strength 1.85%
New 52 Week Closing High Bullish 1.03%
Pocket Pivot Bullish Swing Setup 1.03%
Older End-of-Day Signals for WMG ...

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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.


Sector: Communication Services
Industry: Entertainment
Keywords: Distribution Center Wholesale Distributor Wholesale Distributors Nashville Library Dvd Video Products Fueled Music East West 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


Indicator Value
52 Week High 47.92
52 Week Low 25.61
Average Volume 902,824
200-Day Moving Average 37.12
50-Day Moving Average 40.56
20-Day Moving Average 44.79
10-Day Moving Average 46.06
Average True Range 1.46
ADX 43.9
+DI 28.15
-DI 10.51
Chandelier Exit (Long, 3 ATRs) 43.55
Chandelier Exit (Short, 3 ATRs) 43.41
Upper Bollinger Bands 48.29
Lower Bollinger Band 41.29
Percent B (%b) 0.91
BandWidth 15.62
MACD Line 1.88
MACD Signal Line 1.73
MACD Histogram 0.1522
Fundamentals Value
Market Cap 4.22 Billion
Num Shares 88.6 Million
EPS 0.29
Price-to-Earnings (P/E) Ratio 163.21
Price-to-Sales 3.39
Price-to-Book 0.00
Dividend 0.48
Dividend Yield 1.01%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.08
Resistance 3 (R3) 48.95 48.36 48.85
Resistance 2 (R2) 48.36 48.01 48.42 48.77
Resistance 1 (R1) 48.03 47.79 48.19 48.15 48.69
Pivot Point 47.44 47.44 47.52 47.50 47.44
Support 1 (S1) 47.10 47.08 47.27 47.23 46.69
Support 2 (S2) 46.51 46.86 46.57 46.61
Support 3 (S3) 46.18 46.51 46.53
Support 4 (S4) 46.30