A quick look at today: bullish sentiment helped Warner Bros to hammer out a noteworthy $12.55 to $13.04 range today, and finally closing at $12.88 to end the session.
At the same time, United States API Weekly Crude Oil Stock released today at 20:30 UTC with a figure of -1.27 million, while the previous figure was 7 million. United States TIC Net Long-Term Transactions (Aug) came out at 197.9 billion, while a consensus of analysts was expecting 28.2 billion. Data for United States Industrial Production published today at 13:15 UTC came out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -0.1%.
Warner Bros. Discovery, Inc. made an initial breakout above its 50 day Simple Moving Average at $12.71, a potential indicator of a newly emerging bullish phase. Warner Bros has crossed the upper Bollinger band at $12.82, a potential sign that further gains are to follow. Warner Bros. Discovery broke through the $13.13 resistance, climbing 25 cents above it.
Overall, looking at the technical analysis landscape, it seems Warner Bros. Discovery might continue pointing upwards in the short term.
This rally in Warner Bros’s share price coincided with other communication services stocks as AT&T was up 1.89%. T-Mobile traded at $136.16 after closing today’s trading day at $133.84 (up 1.73%).
Warner Bros. Discovery went up today, yet these communication services stocks did not follow — Netflix went down 1.73%, closed at $245.1.
Furthermore, the market is looking at tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.55 million from the preceding figure of 9.88 million.
Furthermore, the market is looking at United States Building Permits (Sep) is scheduled for tomorrow at 12:30 UTC.
9 months ago Warner Bros. Discovery reached a significant high of $31.18 but has consequently lost 60.49% since then.