Time Warner Technical Stock Analysis
Industry: Entertainment - Diversified Sector: Services Exchange: NYSE
Time Warner Inc. (NYSE: TWX) (formerly AOL Time Warner) is one of the world’s largest media conglomerates. It operates Time Warner Cable and TV programming and magazines such as Time Inc., Warner Brothers, and HBO. Its publishing business segments have been hard hit with falling advertising revenue. In December 2009, AOL was spun-off from Time Warner, making it an independent company again for the first time since the beginning of the 2000's. Time Warner Cable (TWC)was spun off from the company in March 2009.
Although its filmed entertainment business produces successful block buster movies like “The Dark Knight” and franchises like “Harry Potter” and “Ocean’s”, a continuing trend of falling movie theater attendance is troublesome for the company; this decrease can be attributed to high priced movie tickets along with poor economic conditions, and as HDTV’s become more inexpensive and home theater systems more affordable, consumers will switch to the latter option.
No changes to the price of Time Warner Inc in the last trading day. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
Time Warner Inc lies in the middle of a weak 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 3.69% during the next 3 months and, with 90% probability hold a price between $98.22 and $104.36 at the end of this period.
Time Warner 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 $98.77 and $96.50. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 05, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
Support & Resistance
Time Warner Inc finds support from accumulated volume at $97.95.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.
Recommended stoploss: $94.82 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)
Overall risk: Low
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.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.