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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Warner Music Group Corp. - Class A (NASDAQ:WMG)
Bull Market Weakness (+75) - WMG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on WMG as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid WMG?
MarketClub looks at technical strength and momentum to determine if the timing is right for WMG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for WMG
The long-term trend has been DOWN since Mar 14th, 2024 at 32.86
The intermediate-term trend has been UP since May 6th, 2024 at 34.30
The short-term trend has been UP since Apr 29th, 2024 at 32.50
Smart Scan Analysis for WMG
Based on our trend formula, WMG is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.09 | 35.67 | 34.80 | 35.63 | +0.54 |
| Prev. Close | Volume | Bid | Ask | Time |
| 35.65 | 2363822 | 2024-05-08 15:59:40 |
| 52wk High | 38.05 | 52wk High Date | 2024-02-08 |
| 52wk Low | 23.62 | 52wk Low Date | 2023-05-31 |
| Average Volume | 1,581,754 | Shares Outstanding | 517,881 |
| Assets | 899,100,000M | Liabilities | 852,800,000M |
| P/E Ratio | 40.237 |