Technical Analysis for WMG - Warner Music Group

Grade Last Price % Change Price Change
B 33.93 -0.41% -0.14
WMG closed down 0.41 percent on Friday, December 8, 2023, on 1.17 times normal volume.
4 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Calm After Storm Range Contraction -0.41%
Upper Bollinger Band Walk Strength -0.41%
Overbought Stochastic Strength -0.41%
Stochastic Sell Signal Bearish -0.38%
Calm After Storm Range Contraction -0.38%
Upper Bollinger Band Walk Strength -0.38%

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

Get a Trading Assistant

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.


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 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


Indicator Value
52 Week High 37.9249
52 Week Low 23.3704
Average Volume 1,260,496
200-Day Moving Average 30.18
50-Day Moving Average 32.37
20-Day Moving Average 33.06
10-Day Moving Average 33.73
Average True Range 0.87
RSI (14) 59.18
ADX 11.67
+DI 23.24
-DI 22.77
Chandelier Exit (Long, 3 ATRs) 32.30
Chandelier Exit (Short, 3 ATRs) 32.59
Upper Bollinger Bands 34.95
Lower Bollinger Band 31.17
Percent B (%b) 0.73
BandWidth 11.45
MACD Line 0.56
MACD Signal Line 0.46
MACD Histogram 0.1
Fundamentals Value
Market Cap 3.01 Billion
Num Shares 88.6 Million
EPS 0.29
Price-to-Earnings (P/E) Ratio 116.12
Price-to-Sales 3.39
Price-to-Book 0.00
Dividend 0.48
Dividend Yield 1.41%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.79
Resistance 3 (R3) 34.77 34.48 34.64
Resistance 2 (R2) 34.48 34.26 34.48 34.59
Resistance 1 (R1) 34.20 34.12 34.34 34.22 34.55
Pivot Point 33.91 33.91 33.98 33.91 33.91
Support 1 (S1) 33.63 33.69 33.77 33.65 33.31
Support 2 (S2) 33.34 33.55 33.34 33.27
Support 3 (S3) 33.06 33.34 33.22
Support 4 (S4) 33.08