Warner Bros. Discovery, Inc. is a global media and entertainment company. Co. operates through three segments: Studios, Networks, and DTC. The Studios segment consists of the production and release of feature films for initial exhibition in theaters, production, and initial licensing of television programs to its networks/DTC services as well as third parties, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming.
When researching a stock like Warner Bros Discovery, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from WBD Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for WBD stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the WBD 200 day moving average ("WBD 200 DMA"), while one of the most popular "shorter look-backs" is the WBD 50 day moving average ("WBD 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Warner Bros Discovery. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the WBD 200 DMA and the WBD 50 DMA, we get a moving average convergence divergence indicator ("WBD MACD"). The WBD MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis