WMG Technical Signal Analysis
WMG have 3 buy signals and 1 sell signal now. The current trend is consolidation starting from 2025-02-24. The total price change during this trend is -5.87%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of WMG over last 5 trading day is $91,056,221.51
3 Bullish Signal
1 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.54
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.23
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
17.73
Bullish
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 < 0
-0.77
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.54
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.23
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
17.73
Bullish
WMG Support and Resistance Level
The support levels for WMG are at 32.86, 32.32, and 31.44, while the resistance levels are at 34.62, 35.16, and 36.04. With the current stock price at 32.79, it is leaning more toward the support levels.
WMG Technical Analysis
Technical Analysis of WMG Stock
Current Price and Key Levels:
- Current Price: 34.41
- Resistance Levels: 35.57, 36.39, 37.71
- Support Levels: 32.93, 32.11, 30.79
Technical Indicators:
- RSI: Neutral (59.93 for RSI_6, 57.18 for RSI_12, 57.32 for RSI_14)
- Stochastic Oscillator: %K (31.81) is below %D (21.34), indicating bearish momentum.
- MACD: Slightly bullish crossover (MACD: 0.37, Signal: -0.23).
- Bollinger Bands: Price is near the middle band (34.40), with upper band at 37.48 and lower band at 31.33.
Recent News Impact:
- Citi Upgrade: Upgraded to Buy with a target price of $42, indicating positive sentiment.
- Analyst Targets: Stock has surpassed the average target of $35.39, prompting potential adjustments.
Price Action:
- The stock is testing resistance around 34.83 but hasn't closed above it.
- Volume is moderate, with no significant buying pressure on up days.
Conclusion:
WMG is in a neutral to slightly bullish position. While the MACD suggests a bullish trend, the Stochastic Oscillator indicates bearish momentum. The stock is approaching key resistance levels, and without a strong breakout, it may consolidate or pull back.
Recommendation: HOLD. Wait for a breakout above 35.57 or a pullback to support levels before re-entering.
WMG FAQs
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How reliable is technical analysis?
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Is WMG a buy based on overall technical signals summary?
WMG Buy or Sell
WMG has 3 buy signals and 1 sell signals now. Overall the technical rating for WMG is Buy.
Buy
Sell
1
Buy
3
WMG Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 32.79 below the SMA_5. In the short term, the stock shows a negative trend with the 33.84 below the SMA_20. In the mid term, the stock shows a positive trend with the 34.47 above the SMA_60. In the long term, the stock shows a positive trend with the 32.29 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about WMG's current trend?What are WMG's key support and resistance levels?