WARNER BROS. DISCOVERY

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	WBD
ISIN:

WARNER BROS. DISCOVERY - Daily - Technical analysis published on 09/11/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

My opinion

Bearish under 12.30 USD

My targets

11.09 USD (-7.04%)

10.47 USD (-12.21%)

My analysis

The bearish trend is currently very strong for WARNER BROS. DISCOVERY. As long as the price remains below the resistance at 12.30 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.09 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.47 USD as an objective. Crossing it would then enable sellers to target 8.87 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

WARNER BROS. DISCOVERY rating 11.93 USD. The price has increased by +5.39% since the last closing and was traded between 11.41 USD and 12.02 USD over the period. The price is currently at +4.56% from its lowest and -0.75% from its highest.

11.41

12.02

11.93

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this WARNER BROS. DISCOVERY chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	8.87	11.09	11.93	12.30	14.02	16.01
Change (%)	-25.65%	-7.04%	-	+3.10%	+17.52%	+34.20%
Change	-3.06	-0.84	-	+0.37	+2.09	+4.08
Level	Major	Major	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.68	10.84	11.08	11.24	11.48	11.64	11.88
Camarilla	11.21	11.25	11.28	11.32	11.36	11.39	11.43
Woodie	10.72	10.86	11.12	11.26	11.52	11.66	11.92
Fibonacci	10.84	10.99	11.09	11.24	11.39	11.49	11.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.67	10.25	10.79	11.37	11.91	12.49	13.03
Camarilla	11.01	11.12	11.22	11.32	11.42	11.53	11.63
Woodie	9.64	10.24	10.76	11.36	11.88	12.48	13.00
Fibonacci	10.25	10.68	10.95	11.37	11.80	12.07	12.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.00	10.47	11.81	13.28	14.62	16.09	17.43
Camarilla	12.37	12.63	12.88	13.14	13.40	13.66	13.91
Woodie	8.93	10.44	11.74	13.25	14.55	16.06	17.36
Fibonacci	10.47	11.55	12.21	13.28	14.36	15.02	16.09

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	44.52
MACD (12,26,9):	-0.4100
Directional Movement:	-15.58
AROON (14):	-28.57
DEMA (21):	11.87
Parabolic SAR (0,02-0,02-0,2):	12.22
Elder Ray (13):	-0.38
Super Trend (3,10):	12.86
Zig ZAG (10):	11.99
VORTEX (21):	0.7500
Stochastique (14,3,5):	24.80
TEMA (21):	11.52
Williams %R (14):	-52.30
Chande Momentum Oscillator (20):	-0.69
Repulse (5,40,3):	6.0100
ROCnROLL:	2
TRIX (15,9):	-0.2900
Courbe Coppock:	18.35

MA7:	11.74
MA20:	12.48
MA50:	12.83
MA100:	12.73
MAexp7:	11.79
MAexp20:	12.32
MAexp50:	12.67
MAexp100:	12.85
Price / MA7:	+1.62%
Price / MA20:	-4.41%
Price / MA50:	-7.01%
Price / MA100:	-6.28%
Price / MAexp7:	+1.19%
Price / MAexp20:	-3.17%
Price / MAexp50:	-5.84%
Price / MAexp100:	-7.16%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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