WWE - World Wrestling Entertainment Inc

Industry: Entertainment - Diversified Sector: Services Exchange: NYSE

WWE - World Wrestling Entertainment Inc

Industry: Entertainment - Diversified Sector: Services Exchange: NYSE
#151()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 2.07%
PRICE $89.57
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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World Wrestling Entertainment Inc Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-09-12 Gain 4.04%
Shorts 6.39% ( 2018-08-31 )
Cash 560.5 mill
Loans 429.5 mill
Beta 1.00
ROA 8.03

World Wrestling Entertainment Inc gained 2.07% in the last trading day, rising from $87.75 to $89.57 The price has been going up and down for this period, and there has been a 0.92% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 83 625 more shares were traded than the day before. In total, 780 822 shares bought and sold for approximately $69.94 million.

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 23.33% during the next 3 months and, with 90% probability hold a price between $102.62 and $116.62 at the end of this period.

Click here for today's Top 5 Trending Companies

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 $87.60 and $82.73. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday September 12, 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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A buy signal from a double bottom formation was found on Wednesday September 12, 2018 with a target of $89.10. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 68 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 $79.11 and $78.50.

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 $79.11. If this is broken, then the next support from accumulated volume will be at $78.50 and $70.85.

Support: $79.11 Price: $89.57

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 $2.49 (2.84%) between high and low. For the last week, the stock has had a daily average volatility of 2.72%.

Our recommended stoploss: $85.30 (-4.77%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

World Wrestling Entertainment Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate

Click for Top 5 Strong Buy Candidates
WWE $89.57 $1.82(2.07%)
WWE is up $1.82 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for WWE based on the 1-3 month system that more than doubles the S&P 500.

Click here – the WWE analysis is free »
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