Warner Music Group (Nasdaq: WMG) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 34 – 34.5 |
| Target | 36.4 – 36.8 |
| StopLoss* | below 33 |
| Duration | 12-14 Trading Days |
| Potential Returns | 6 – 7% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 34 – 34.5 | 36.4 – 36.8 | below 33 | 12-14 Trading Days | 6 – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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Warner Music Group (Nasdaq: WMG) STOCK OVERVIEW
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.
| Stock Data | |
| NASDAQ Code | WMG |
| Sectoral Index | Consumer Discretionary |
| 52 Weeks High | 38.05 |
| 52 Weeks Low | 23.62 |
Warner Music Group (Nasdaq: WMG) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Warner Music Group — NASDAQ —
Warner Music Group (Nasdaq: WMG) - DAILY TECHNICAL ANALYSIS
- 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
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Current RSI of this stock is 59.06, which indicates the strength of buyers.
Warner Music Group (Nasdaq: WMG) - MACD
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MACD line has just crossed the signal line from the below, generates bullish signal.
Warner Music Group (Nasdaq: WMG) - MA CROSS
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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 stock trading advisory services in USA, 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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