WRN Should I Buy

Not a good buy right now. WRN just suffered a sharp -17% regular-session drop and closed slightly below key support (S1 ~3.272), while downside momentum (bearish, expanding MACD histogram) is still building. With no Intellectia buy signals today and no fresh news catalyst to reverse sentiment immediately, an impatient buyer is more likely to experience additional drawdown than a quick rebound. I would wait for stabilization back above ~3.27–3.30 and ideally reclaim the 3.70 pivot before considering an entry.

Price/Trend: WRN closed at 3.2675 after a steep selloff (-17.14% vs prior close 3.85) and sits marginally below S1 (3.272), increasing the risk of a follow-through move toward S2 (3.008). Momentum: MACD histogram -0.0234 and negatively expanding = bearish momentum is strengthening short-term. RSI: RSI(6) ~29.97, near oversold territory; this can support a bounce, but oversold alone is not a reliable buy trigger when MACD is worsening. Moving averages: SMA_5 > SMA_20 > SMA_200 is structurally bullish, suggesting the longer trend may still be constructive, but the current tape is a sharp pullback within that structure. Levels: Pivot 3.7 (needs reclaim to improve near-term outlook). Resistance: 4.128 then 4.392. Support: 3.272 then 3.008. Pattern/stat model: Similar-pattern stats imply modest downside next day/week (60% chance to -0.52% next day; -0.11% next week) but a positive 1-month bias (+6.87%), supporting the idea that this is a “needs confirmation” dip rather than an immediate buy.