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Stock Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Warner Music Group Corp. - Class A (NASDAQ:WMG)

Sidelines Mode (-55) - WMG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_WMG
Open High Low WMG Price Change
30.47 31.00 30.05 30.88 +0.74
Entry Signal

MarketClub’s Trade Triangles for WMG

long term down The long-term trend has been DOWN since Mar 14th, 2024 at 32.86

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2024 at 31.32

short term up The short-term trend has been UP since Jul 12th, 2024 at 30.70

Smart Scan Analysis for WMG

Based on our trend formula, WMG is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for WMG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.47 31.00 30.05 30.88 +0.74
Prev. Close Volume Bid Ask Time
30.91 3809448 2024-07-12 15:59:22
52wk High38.0552wk High Date2024-02-08
52wk Low28.352wk Low Date2023-07-13
Average Volume2,905,213Shares Outstanding518,702
Assets873,100,000MLiabilities829,800,000M
P/E Ratio29.8416
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