David

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Warner Bros earnings forecast is lowered due to ongoing strikes.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The WBD share has declined by 8.32% in the last week.</a> </li> 
</ul> 
<p>Warner Bros is a multinational mass media and entertainment conglomerate. The company has its headquarters in&nbsp; New York City. Warner Bros is traded as WBD on the NASDAQ exchange. The company was founded in 1923 and it serves worldwide. It provides services like broadcasting, licensing, publishing, streaming, and television. The company has more than 37.5K employees.</p> 
<p>Due to the ongoing strikes, the WBD stock has cut its 2023 earnings outlook. This firm may generate between $10.5 billion and $11.0 billion. That’s a decline of $300 million to $500 million. David Zaslav, the CEO, believes that the media industry is rapidly moving from traditional TV to streaming. He says that the priority is to resolve the writers’ and actors’ strikes.</p> 
<p>The WBD stock’s market cap has gone down with the decline in share price. It declined to $26.056 Billion and the WBD share has a negative EPS of -2.76 USD. The current price-to-earnings ratio of the stock is -4.13. It shows that the investors are not ready to pay higher prices for the stock.</p> 
<p>The Warner Bros. company has 2.21 Billion shares floating in the market and available for trading. WBD follows a beta of 1.72 which makes the stock move more than the overall market as a whole.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-warner-bros-discovery-stock-performance-analysis-strong"><strong>Warner Bros. Discovery Stock Performance Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh6.googleusercontent.com/Ev50Ki9RQ9B1AJz56tqnBTokpFs9lM9QyKxjw7_i1PLMmDUBs0ZdAt95UkaFS7yr7TkOPiIQaDsIYKppOFCVlksKJhI7u4A3kw3L_MPixYkbU9bVJevvUez6tZlXK6lmnA3i5sDsjhbMPzOvBmmOEWU" alt="Why the Warner Bros Share Price is Slipping to Lower Levels?">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/symbols/NASDAQ-WBD/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>Warner Bros Discovery made a net loss of 22% in the year 2022, which is much less as compared to the year 2021. The company made a revenue of $33.82 Billion in the year 2022. The debt of the company has highly advanced from&nbsp; $15.64 Billion to $52.60 Billion in 2022. The advance in debt for the WBD company is not considered a good sign for its future performance. The current gross profit for Warner Bros is $6.16 Billion, following 18% of the total revenue of the company.</p> 
<h2 class="wp-block-heading" id="strong-technical-summary-of-wbd-stock-strong"><strong>Technical Summary of WBD Stock</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh5.googleusercontent.com/c2TfwbSKJZGTvyyZvjcFriZJAQcPcYigEcxZAnJ8OKMUracrYbY2tFYcVdHGFECw-AWx-7ufg7rWdWoLGYYaksI-BO9Wjp-b4_Olugh28lDK_u5TYkWF9mmysFJQBHIuz0g5GMx_hAG8hCxA4qI2tQs" alt="Why the Warner Bros Share Price is Slipping to Lower Levels?">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>The technicals of the WBD share are negative, following multiple moving averages and oscillators on the daily timeframe. The fundamentals of the company are also weak due to the non-reliable fundamentals of the company.</p> 
<h2 class="wp-block-heading" id="strong-wbd-share-technical-analysis-strong"><strong>WBD Share Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh4.googleusercontent.com/FcdchlxA7-wMVnbW-43jsmpQLXmj_CI6mn7xA5KA4rzzh4e_ejhdW-Gqo8ND0QXjI_J0BZAdw86Z2KgS_S51AycOJkJAOun91kOiY8nxMh3q5VGNu0MxjkzlxycyuT6CfyxmChCju4LCn5t8t7Fv6OA" alt="Why the Warner Bros Share Price is Slipping to Lower Levels?">
  <figcaption class="wp-element-caption">
   Source : WBD: 1D: NASDAQ
  </figcaption>
 </figure>
</div> 
<p>The share price of WBD has broken down below the symmetric triangle pattern and is currently declining making lower low swings. This decline is being followed up by bearish candlestick patterns. It represents a decline in price with strength.</p> 
<p><a href="https://www.thecoinrepublic.com/2023/09/16/warner-bros-discovery-cfo-talks-on-streaming-prices-wbd-stock-up/">WBD </a>share is trading in a bearish cross on the charts leading to a downtrend. The 50-day and the 200-day EMA are in a death cross. WBD share is also trading below the EMA’s. This represents a downtrend.</p> 
<p>The RSI of the WBD share is consistently trading in a downtrend, sustaining below the 50 level. It indicates bearishness on charts.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/16/warner-bros-discovery-cfo-talks-on-streaming-prices-wbd-stock-up/" target="_blank" rel="noreferrer noopener">Warner Bros Discovery </a>share price is trading in a downtrend, declining below the triangle pattern. The EMA and RSI are also bearish for the stock. The financial performance of the company is also very poor and the CEO is also expecting a decline in the revenue of the share.</p> 
<p>Therefore, the share price can decline to further lower levels hitting the support in the future.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Support levels for the WBD share are – $8.80 and $10.70</li> 
 <li>Resistance levels for the WBD share are – $14.60 and $16.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

Why the Warner Bros Share Price is Slipping to Lower Levels?

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Thecoinrepublic.com

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