Londinia Opportunities Analyses - 11/20/2024 (GMT) WARNER MUSIC GROUP - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	WMG
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 33.05 USD

My targets

33.70 USD (+1.02%)

35.02 USD (+4.98%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WARNER MUSIC GROUP as long as the price remains well above 33.05 USD. The buyers' bullish objective is set at 33.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 35.02 USD. If there is any crossing, the next objective would be the resistance located at 35.67 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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.

Additional analysis

Quotes

WARNER MUSIC GROUP rating 33.36 USD. On the day, this instrument gained +1.31% and was between 32.95 USD and 33.55 USD. This implies that the price is at +1.24% from its lowest and at -0.57% from its highest.

32.95

33.55

33.36

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this WARNER MUSIC GROUP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.73	33.05	33.27	33.36	33.70	35.02	35.67
Change (%)	-1.89%	-0.93%	-0.27%	-	+1.02%	+4.98%	+6.92%
Change	-0.63	-0.31	-0.09	-	+0.34	+1.66	+2.31
Level	Intermediate	Minor	Intermediate	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.52	31.84	32.38	32.70	33.24	33.56	34.10
Camarilla	32.69	32.77	32.85	32.93	33.01	33.09	33.17
Woodie	31.64	31.90	32.50	32.76	33.36	33.62	34.22
Fibonacci	31.84	32.17	32.37	32.70	33.03	33.23	33.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.96	31.52	32.13	32.69	33.30	33.86	34.47
Camarilla	32.41	32.52	32.62	32.73	32.84	32.95	33.05
Woodie	30.98	31.53	32.15	32.70	33.32	33.87	34.49
Fibonacci	31.52	31.97	32.25	32.69	33.14	33.42	33.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.16	29.26	30.52	31.62	32.88	33.98	35.24
Camarilla	31.13	31.35	31.56	31.78	32.00	32.21	32.43
Woodie	28.24	29.30	30.60	31.66	32.96	34.02	35.32
Fibonacci	29.26	30.16	30.72	31.62	32.52	33.08	33.98

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.97
MACD (12,26,9):	0.1100
Directional Movement:	12.13
AROON (14):	64.29
DEMA (21):	33.14
Parabolic SAR (0,02-0,02-0,2):	32.23
Elder Ray (13):	0.37
Super Trend (3,10):	32.69
Zig ZAG (10):	33.47
VORTEX (21):	1.0900
Stochastique (14,3,5):	94.25
TEMA (21):	33.19
Williams %R (14):	-7.14
Chande Momentum Oscillator (20):	0.22
Repulse (5,40,3):	1.0900
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.98

MA7:	32.99
MA20:	32.44
MA50:	31.50
MA100:	30.29
MAexp7:	33.17
MAexp20:	33.01
MAexp50:	32.83
MAexp100:	32.57
Price / MA7:	+1.12%
Price / MA20:	+2.84%
Price / MA50:	+5.90%
Price / MA100:	+10.14%
Price / MAexp7:	+0.57%
Price / MAexp20:	+1.06%
Price / MAexp50:	+1.61%
Price / MAexp100:	+2.43%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on WARNER MUSIC GROUP at the time of the analysis were as follows: