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Stock Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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

Bear Market Rally (-75) - WMG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on WMG as it may be in the beginning 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.

NASDAQ_WMG
Open High Low WMG Price Change
33.440 33.450 32.765 33.020 -0.300
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 Feb 8th, 2024 at 35.29

short term up The short-term trend has been UP since Mar 27th, 2024 at 32.94

Smart Scan Analysis for WMG

Based on our trend formula, WMG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for WMG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.440 33.450 32.765 33.020 -0.300
Prev. Close Volume Bid Ask Time
33.020 526778 2024-03-28 15:59:59
52wk High38.0552wk High Date2024-02-08
52wk Low23.6252wk Low Date2023-05-31
Average Volume1,112,826Shares Outstanding517,881
Assets899,100,000MLiabilities852,800,000M
P/E Ratio37.2686
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