NASDAQ trade advice (B): US consumer discretionary stock | 6-7% gain | USA stock trading idea on 9 Apr 2024

Date
April 9, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Short Term Stock Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Warner Music Group
  • 34 – 34.5
  • 36.4 – 36.8
  • Below 33
  • 6% - 7%
  • 12 - 14 Days
  • Buy
    Warner Music Group
  • Buy
    Range
    34 – 34.5
  • Target
    36.4 – 36.8
  • Stoploss
    Below 33
  • Upside
    Potential
    6% - 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Warner Music Group (NASDAQ: WMG) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WGS
  • Warner Music Group
  • Consumer Discretionary
  • 38.05
  • 23.62
  • NASDAQ Code WGS
  • Stock Name Warner Music Group
  • Sector Consumer Discretionary
  • 52 Weeks High 38.05
  • 52 Weeks Low 23.62
  • Warner Music Group (NASDAQ: WMG) vs NASDAQ - Relative Strength Comparison

    The image compares Warner Music Group's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    WMG —   NASDAQ —

  • Warner Music Group (NASDAQ: WMG) - Technical Analysis (Daily)

    Warner Music Group - Technical Analysis chart on Daily Price and Volume
    Warner Music Group - Technical Analysis chart on Daily Price and Volume

    • After a sharp downfall, price took support at around 23.5 level and started moving upside.
    • After making a high at 34 level, price had gone in a deep consolidation phase.
    • Price again made a high at 38 level and from there an significant correction could be seen, which took the price down to the 32 level.
    • By forming some bullish candlestick patterns, price is moving upside.
    • It is expected that this trend will continue as the volume is also increasing.
  • Warner Music Group (NASDAQ: WMG) - RSI Indicator

    Warner Music Group stock analysis based on RSI Indicator
    Warner Music Group - RSI Indicator

    • Current RSI of this stock is 59.06, which indicates the strength of buyers.

  • Warner Music Group (NASDAQ: WMG) - MACD Indicator

    Warner Music Group stock analysis based on MACD Indicator
    Warner Music Group - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Warner Music Group (NASDAQ: WMG) - MA Crossover

    Warner Music Group stock analysis based on MA Crossover
    Warner Music Group - MA Crossover

    • The short length moving average (10 SMA) has just crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Warner Music Group (NASDAQ: WMG) Stock Price Forecast

    Based on our swing trade signals for Nasdaq 100 stocks, Warner Music Group stock price target will be USD 36.4 - USD 36.8 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    6 days
    19 Apr 2024
    9 Apr 2024
    Loss per
    100,000 SAR
    6 days
    -2,941
    Stop-loss
    19 Apr 2024
    33
    Buy Advice
    9 Apr 2024
    34 – 34.5
    Target 1
    36.4
    Target 2
    36.8
    Profit per
    100,000 SAR
    -2,941
    33
    34 – 34.5
    36.4
    36.8
    6 days
    19 Apr 2024
    9 Apr 2024
    Loss per
    100,000 SAR
    6 days
    -2,941
    Stop-loss
    19 Apr 2024
    33
    Buy Advice
    9 Apr 2024
    34 – 34.5
    Target 1
    36.4
    Target 2
    36.8
    Profit per
    100,000 SAR
    -2,941
    33
    34 – 34.5
    36.4
    36.8
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Warner Music Group
  • 34 – 34.5
  • 36.4 – 36.8
  • Below 33
  • 6% - 7%
  • 12 - 14 Days
  • Buy Warner Music Group
  • Buy
    Range
    34 – 34.5
  • Target 36.4 – 36.8
  • Stoploss Below 33
  • Upside
    Potential
    6% - 7%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Warner Music Group
  • 34 – 34.5
  • 36.4 – 36.8
  • Below 33
  • 6% - 7%
  • 12 - 14 Days
  • Buy
    Warner Music Group
  • Buy
    Range
    34 – 34.5
  • Target
    36.4 – 36.8
  • Stoploss
    Below 33
  • Upside
    Potential
    6% - 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Warner Music Group (NASDAQ: WMG) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WGS
  • Warner Music Group
  • Consumer Discretionary
  • 38.05
  • 23.62
  • NASDAQ Code WGS
  • Stock Name Warner Music Group
  • Sector Consumer Discretionary
  • 52 Weeks High 38.05
  • 52 Weeks Low 23.62
  • Company profile

    Warner Music Group is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the “big three” recording companies and the third-largest in the global music industry. Warner Music Group Corp. is a dynamic force in the music industry, specializing in recording and publishing captivating melodies. With a comprehensive range of services including music recording, merchandising, sponsoring, touring, and artist management, Warner Music Group is at the forefront of artistic excellence. Our global reach ensures that audiences around the world are captivated by our diverse portfolio of talent. As an investor, partnering with Warner Music Group means gaining a foothold in the ever-evolving music landscape. Join us, and tap into the immense potential of the US Stock Market.

  • Warner Music Group (NASDAQ: WMG) vs NASDAQ - Relative Strength Comparison

    The image compares Warner Music Group's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    WMG —   NASDAQ —

  • Warner Music Group (NASDAQ: WMG) - Technical Analysis (Daily)

    Warner Music Group - Technical Analysis chart on Daily Price and Volume
    Warner Music Group - Technical Analysis chart on Daily Price and Volume

    • After a sharp downfall, price took support at around 23.5 level and started moving upside.
    • After making a high at 34 level, price had gone in a deep consolidation phase.
    • Price again made a high at 38 level and from there an significant correction could be seen, which took the price down to the 32 level.
    • By forming some bullish candlestick patterns, price is moving upside.
    • It is expected that this trend will continue as the volume is also increasing.
  • Warner Music Group (NASDAQ: WMG) - RSI Indicator

    Warner Music Group stock analysis based on RSI Indicator
    Warner Music Group - RSI Indicator

    • Current RSI of this stock is 59.06, which indicates the strength of buyers.

  • Warner Music Group (NASDAQ: WMG) - MACD Indicator

    Warner Music Group stock analysis based on MACD Indicator
    Warner Music Group - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Warner Music Group (NASDAQ: WMG) - MA Crossover

    Warner Music Group stock analysis based on MA Crossover
    Warner Music Group - MA Crossover

    • The short length moving average (10 SMA) has just crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Warner Music Group (NASDAQ: WMG) Stock Price Forecast

    Based on our swing trade signals for Nasdaq 100 stocks, Warner Music Group stock price target will be USD 36.4 - USD 36.8 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website