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WWE - World Wrestling Entertainment Inc

Industry: Entertainment - Diversified Sector: Services

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 2.89%
PRICE $37.00
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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World Wrestling Entertainment Inc Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 5.56% ( 2018-01-31 )
Cash 1 093.4 mill
Loans 861.7 mill
Beta 0.91
ROA 5.02
Buy candidate since 2018-02-22 Gain 2.89%

World Wrestling Entertainment Inc gained 2.89% in the last trading day, rising from $35.96 to $37.00 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 9.34% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 94 628 more shares were traded than the day before. In total, 787 825 shares bought and sold for approximately $29.15 million.

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Trend

World Wrestling Entertainment Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.65% during the next 3 months and, with 90% probability hold a price between $43.62 and $48.70 at the end of this period.

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Signals

Only positive signals in the chart today. World Wrestling Entertainment Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $36.26 and $34.05. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 21, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $33.84 and $31.89. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, World Wrestling Entertainment Inc finds support just below today's level at $33.84. If this is broken, then the next support from accumulated volume will be at $31.89 and $31.88.

Support: $33.84 Price: $37.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.03 (2.85%) between high and low. For the last week, the stock has had a daily average volatility of 2.38%.

Our recommended stoploss: $35.36 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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