Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>WBD stock price is up by 0.16% in the last trading session and is currently trading at $12.78.</a> </li> 
 <li> <span>2</span> <a>Warner Bros. Discovery’s stock price (NYSE: WBD) formed a rising wedge over the daily chart.&nbsp;</a> </li> 
</ul> 
<p>WBD stock price chart analysis shows that the price has been in a correction phase after a hike of nearly 60% in January 2023 when the price shifted its long-term trend to an uptrend.</p> 
<p>Thereafter the price topped out followed by a decline till the previous breakout zone forming lower highs and lower lows. The price also seemed to suffer multiple rejections from an upper trendline. Thereafter the price surged to form a falling wedge pattern.&nbsp;</p> 
<p>The quarterly results could not meet the estimates of the analysts which halted the stock rise. The quarterly result was disclosed on 3rd August. The Company reported revenue of $10.35 Billion which were 79.3 Million less than the analyst’s expectation. The earnings came out to be -$0.51 Million which underperformed the analyst’s estimates by 45%.</p> 
<p>Warner Bros. Discovery (NYSE: WBD) is a company that produces and distributes a wide range of content under various brands for diverse media platforms. The company owns some of the most popular and influential channels, networks, and franchises in the entertainment industry.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/cAgvi0ZGgEWR3L83Hay-1IRdj4sAC4lzI9Y0giTlVEP7OBDofqfmqU2PQhHiBzoKxPAGhpadwrCEP_ExmHlQX3sn4EJ6HfQyMgfMBCBgnt9HOFpZgQRHrIQeZo0uA8h88cSVM-b1DFMX0IybwM289A" alt="WBD Stock Price Prediction 2023: Will WBD Share Crash More?"> 
  <figcaption class="wp-element-caption">
    &nbsp;&nbsp;&nbsp;Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>WBD stock option-chain analysis states that the current implied volatility in the market is 46.78% with an increment of 0.04% in the last trading session. The at-the-money strike price has 11,904 open contracts on the put side and 5.051 open contracts on the call side indicating the dominance of buyers at the current level.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-wbd-stock-price-forming-a-rising-wedge-pattern-on-dialy-chart-strong"><strong>WBD Stock Price Forming A Rising Wedge Pattern On Dialy Chart</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/vtp6JUQONaCqLYivjKOV75mlXt5m_pWg-YqpIGu36yFEHXPhzSGLPfFpbNXcY_2slNF3l8LMxPMBvWRVLq5TwCSYYnx5eP0UIcHWUNbc8gRPdJByZmpYRm3HF_trXm4gCqD8Cay8_U7mmoXfDP-H6A" alt="WBD Stock Price Prediction 2023: Will WBD Share Crash More?"> 
  <figcaption class="wp-element-caption">
    Source: Warner Bros. Discovery 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The WBD stock price currently trades at $12.78 and declining after a spike post the quarterly results to near a demand zone.</p> 
<p>The short-term outlook for the stock is neutral to bullish until the price remains in the rising wedge pattern. The price may get the support of buyers from the lower trendline of the wedge.&nbsp;</p> 
<p>Also, if the stock fails to sustain above the immediate support and breaks down then the stock may turn the short-term decline to a reversal and the stock may decline sharply.&nbsp;</p> 
<p>Analysts say that the long-term trend is bearish until the price remains below the upper trendline resistance.</p> 
<h3 class="wp-block-heading" id="strong-the-technical-indicators-signal-a-weak-selling-pressure-in-wbd-share-price-strong"><strong>The Technical Indicators Signal a Weak Selling Pressure in WBD Share Price.</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/ka94k5II3SidYUyujKbO5hklMt6d86DBYfIYNIbHPf_1B8yDFulKv_9VO-AV9vlZJ1RinYs4j6v-3dkHKioagU5PU0DdNPS9wiupUN3J9xhYmgegfsG8OzTo1r76VLZ42ZCuPjDhN_HH2vNn7Ti1gQ" alt=""> 
  <figcaption class="wp-element-caption">
    Source: Warner Bros. Discovery 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily WBD stock price chart shows that the price is trying to sustain above 200 EMA indicating the dominance of sellers in the short-term in the long term. The overall Technical Opinion rating including RSI and MACD is signaling a 16% sell with the weakest short-term outlook on maintaining the current direction.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/07/22/warner-bros-price-prediction-can-wbd-stock-smash-all-time-high/" target="_blank" rel="noopener noreferrer nofollow">WBD stock price prediction</a> concludes that the stock price has been corrected after a 60% hike in January 2023. It faced rejections from an upper trendline to decline. Thereafter the price surged from the previous breakout zone to form a falling wedge pattern. The quarterly results underperformed the analysts’ expectations and the price declined to a demand zone. The short-term outlook is neutral to bullish if the price stays in the wedge. If the price breaks down, it may turn bearish. The long-term trend is bearish until the price breaks the upper trendline.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $12.30 and $11.05.</li> 
 <li><strong>Resistance levels:</strong> $14.68 and $15.85.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

WBD Stock Price Prediction 2023: Will WBD Share Crash More?

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