WMG technical analysis
WMG Technical Analysis
Analysis date
July 17, 2026
Market
NasdaqGS (USD)
Daily cutoff
July 16, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
WMG Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- WMG
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- July 16, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 28.99 | July 16, 2026 | - | Verified |
| Finviz (independent) | 28.99 | July 16, 2026 (previous close) | 0.00% | Verified |
Bottom line
WMG Technical Analysis Summary
WMG shows a mixed technical picture. Price trades below the SMA20 and SMA50 on the daily timeframe, suggesting short-term bearish pressure, but remains above the SMA200, indicating the long-term uptrend from 2024 lows is still intact. RSI near 45 on both daily and weekly shows neutral-to-bearish momentum without reaching oversold levels. The MACD histogram is negative on the daily but flattening, suggesting selling pressure may be exhausting. Key support rests at the 20-day low of 27.15 and the 60-day low of 26.41. Resistance is at SMA20 (29.64) and the 60-day high of 31.89. The music streaming industry fundamentals remain supportive, but the stock needs to reclaim the SMA20 for the short-term outlook to improve.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 16, 2026)
- Trend
- Bearish. Price at 28.99 is below SMA20 (29.64) and SMA50 (30.12), but above SMA200 (26.85). The SMA20 crossed below SMA50 recently, forming a short-term bearish alignment. The SMA200 is flat to slightly sloping downward, suggesting a potential long-term trend transition.
- Momentum
- Neutral to Bearish. RSI14 at 44.82 is in bearish territory but above the 30 oversold threshold, suggesting room for further downside before reaching extreme levels. MACD at -0.18 with signal at -0.08 and a negative histogram of -0.10 indicates bearish momentum, though the histogram is flattening.
- Volatility
- Moderate. ATR14 at 0.89 (3.07% of price) suggests average daily movement of about 3.1%. Bollinger Bands (25.84 to 32.18) are moderately wide with price near the lower band, reflecting bearish pressure.
- Volume
- Below average. Latest volume of 4,215,400 is 72.3% of the 20-period average (5,831,200), indicating reduced participation during the current pullback.
Assessment
The daily chart shows a short-term bearish trend with price below the shorter-term moving averages. RSI is neutral-bearish and not yet oversold, suggesting the correction may have room to run. The flattening MACD histogram hints at potential stabilization. The stock trades near its Bollinger Band lower boundary, which can sometimes act as a support zone. A reclaim of SMA20 at 29.64 would be the first sign of short-term improvement.
Weekly (July 10, 2026 week)
- Trend
- Neutral. Price at 29.15 is below SMA20 (30.45) but above SMA50 (28.20) and SMA200 (23.18). The SMA200 is sloping upward, confirming the multi-year uptrend remains in place despite recent weakness. The SMA20 and SMA50 are converging, which can precede a trend decision.
- Momentum
- Neutral. RSI14 at 46.30 is in neutral territory. MACD at 0.15 with signal at 0.32 and a negative histogram of -0.17 shows waning bullish momentum but not a confirmed bearish crossover.
- Volatility
- Moderate. ATR14 at 1.95 (6.69% of price) reflects normal weekly ranges for a mid-cap entertainment stock.
- Volume
- Slightly below average. Weekly volume of 18,462,000 is 81.7% of the 20-week average (22,605,500), below normal participation levels.
Assessment
The weekly chart shows a neutral picture. Price is caught between the SMA20 resistance above and SMA50 support below. The SMA200 is still sloping upward, which argues against calling a full trend reversal. The MACD is still positive on the weekly but the histogram has turned negative, suggesting momentum is stalling. The weekly RSI near 46 does not signal extreme conditions. The key question is whether WMG can hold the SMA50 at 28.20 on the weekly; a break below that level would shift the weekly outlook bearish.
Key indicators
WMG Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 44.82 | 46.30 |
| MACD (12, 26, 9) | -0.18 / -0.08 / -0.10 | 0.15 / 0.32 / -0.17 |
| ATR (14) | 0.89 (3.07%) | 1.95 (6.69%) |
| Bollinger Bands (20, 2) | 25.84 - 32.18 | 23.90 - 34.60 |
| SMA (20) | 29.64 | 30.45 |
| SMA (50) | 30.12 | 28.20 |
| SMA (200) | 26.85 | 23.18 |
Price structure
WMG Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 28.99 | 29.15 |
| 1-Period Return | -0.41% | -1.12% |
| 5-Period Return | -2.26% | -2.35% |
| 20-Period Return | -4.92% | -5.78% |
| 60-Period Return | -8.06% | +7.45% |
| 252-Period Return | +12.58% | +30.15% |
| 52-Week Low | 24.17 | 24.17 |
| 52-Week High | 36.38 | 36.38 |
| 52-Week Position | 30.82% | 27.38% |
Key levels
WMG Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 32.18 | 32.60 |
| 20-Period Low | 27.15 | 27.15 |
| 60-Period High | 34.10 | 36.38 |
| 60-Period Low | 26.41 | 24.17 |
Scenarios
WMG Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks above the SMA20 at 29.64 and then the 60-day high at 34.10 with above-average volume.
Invalidation
Price falls below the 60-day low of 26.41.
What to watch
Sustained close above SMA20 followed by volume confirmation; RSI recovering above 50 on pullbacks.
Range-Bound
Trigger
Price continues to oscillate between 27.15 support and 32.18 resistance.
Invalidation
A decisive break of either boundary with increasing volume.
What to watch
RSI staying between 40 and 55; volume remaining near or below average.
Bearish
Trigger
Price breaks below the 20-day low at 27.15 and then the 60-day low at 26.41.
Invalidation
Price reclaims the SMA50 (30.12) and holds above it.
What to watch
Sustained closes below SMA20 (29.64); increasing downside volume; MACD histogram becoming more negative.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Finviz (independent cross-validation). The daily analysis covers approximately 2 years (500 completed bars) ending July 16, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 10, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 16, 2026, weekly July 10, 2026 week. Generated July 17, 2026.
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