Warner Music Group Corp. (WMG)

Warner Music Group Corp. is trading at $28.65, down 0.24% on the session. The 50 day average sits at $27.38 and the 200 day at $28.57, which puts the stock in a downtrend. RSI is at 59.3, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $27.71 with resistance near $29.64, so that band frames the current range. Average daily movement is roughly $0.90, or about 3.1% of the share price, which is what any stop placement has to allow for. The overall health score of 71 out of 100 combines a trend score of 63, momentum of 79 and a risk score of 71.

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It also owns and acquires rights to approximately two million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions, as well as administers the music and soundtracks of various third-party television and film producers and studios. In addition, the company conducts its operation primarily through a collection of record labels, such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Nonesuch, Parlophone, Reprise, Sire, Spinnin' Records, and Warner Classics and Warner Records Nashville. Further, it markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. Its catalog includes songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, alternative, blues, gospel, and other Christian music. The company was founded in 1929 and is headquartered in New York, New York.