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Takip Edin: @UscMarketsWMG Stock Forecast & Warner Music Group Chart Analysis
This article provides a detailed analysis of WMG-Warner Music Group stock including a forecast for WMG shares. It features Warner Music Group Corp. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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WMG Historical Data Review
WMG Current Price Performance Analysis
The Warner Music Group - WMG stock traded on the American stock market, on 06-05-2024, closed at 30.29$ with a %-0.53 decreased compared to the previous day.
In the last month, the price of WMG changed by %-14.56 decreased in value, from 35.45 dollars on 05-06-2024 to 30.29 dollars, decreased.
Last year, the price of WMG was 24.48 dollars on 06-06-2023, and changed by %23.73 increased in value, to 30.29 dollars increased within a year.
The price of Warner Music Group stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
WMG with AI Stock Forecast & Price Target
On the WMG chart Warner Music Group price was recorded as 30.29 Dollars on 06/05/2024.
The artificial intelligence's forecast on WMG stock is as follows.
The artificial intelligence's prediction error margin for WMG stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Warner Music Group stock over the next 4 months is: 39.4 Dollars.
The commentary on WMG stock Target Price: Highest: 45.34 Dollars is predicted.
The commentary on WMG stock Target Price: Lowest: 34.39 Dollars is predicted.
Resistance Price where Warner Music Group stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 42.125 |
| 01-01-2025 | 40.904 |
| 02-20-2025 | 43.837 |
Support Price where Warner Music Group stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 11-07-2024 | 37.225 |
| 01-21-2025 | 40.467 |
| 03-17-2025 | 40.979 |
The commentary on WMG stock: The target price can generally be said to be on the rise.
The commentary on WMG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Warner Music Group stock by the end of 2024 is predicted to be 40.826 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on WMG stock, and the 2024 target price predictions for Warner Music Group are detailed above.
The technical analysis and charts for the commentary on WMG stock are below.
WMG Support & Resistance and Trend Analysis
WMG stock you have reviewed the technical analysis support resistance charts regarding.
WMG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the WMG review, the Warner Music Group support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Warner Music Group Support and Resistance Prices:
| WMG Support Level Price | WMG Resistance Level Price |
|---|---|
| 29.21 | 31.63 |
| 29.27 | 32.99 |
| 30.13 | 33.51 |
| 31.32 | 35.31 |
| 31.76 | 35.45 |
| 32.02 | 35.68 |
| 33.24 | 35.79 |
| 33.46 | 36.34 |
| 33.97 | 36.81 |
| 34.15 | 38.05 |
WMG Technical Analysis: SMA, RSI, MACD
Upon reviewing the WMG chart, buy and sell signals have been generated in the Warner Music Group technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for WMG stock are as follows:- The technical analysis for Warner Music Group indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Warner Music Group stock: Click here to read more predictions on Aristocrat Leisure Limited stock.
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