Decline depth
-25.4%
From rolling 252-day high of $35.42, 76d ago.
Past the 20% Watch threshold.
-25.4%
from rolling 252-day high of $35.42 set 2026-05-22 · 76d ago
Current
$26.44
Decline depth
-25.4%
Decline σ
4.6σ
TFC
5/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Since it joined the list
$WMG landed on the list 2026-03-09, down 21.3% from its 52-week high that day — now down -25.4%.
That's 3.4 percentage points deeper than the day it joined. It bottomed 32.3% below that high along the way.
Decline from the 52-week high as it stood on 2026-03-09 (fixed anchor) → today. Split-adjusted, Alpaca. Observed history, not a forecast.
Structural break signals
WMG qualifies for the Red List on decline depth.
Time-frame continuity
5/5 bearish
Latest bar across daily/weekly/monthly/quarterly/yearly time frames. A bar counts as bearish when it's a 2-Down or a red 3.
Full bearish continuity — every time frame is broken.
Decline sigma
4.6σ
Drop from local high over the last 10 bars, expressed in units of the stock's typical daily volatility (2.89% per day).
Past the ≥4σ Watch threshold.
The structural read
What price action says about WMG.
WMG qualifies for the Red List on decline depth — down -25.4% from its rolling 252-day high. Past 30% with the high set inside the last four months — the recency clause that often precedes further breakdown.
Cross-confirmation: also showing 5/5 bearish time frames.
Cross-confirmation: decline sigma also reads 4.6σ over 10 bars.
Upstream TFC read: bearish alignment, current phase daily. Last bar types — daily 2U (red), weekly 2D (red), monthly 2D (red).
Earnings on file: 2026-05-07. Tiering is unaffected by earnings dates — listings reflect price structure only.
Questions about WMG
What people ask.
Why is WMG on Broken Stocks?
WMG qualifies for the Red List on decline depth. It is down -25.4% from its rolling 252-day high of $35.42, set on 2026-05-22 — 76d ago.
Is WMG a falling knife?
No. The falling-knife label usually implies a steep, severe drop — typically 30% or more from a fresh high. WMG is down -25.4% from its 52-week high, which qualifies for the Watch tier but is shallower than the falling-knife pattern. It's an early-stage decline rather than a sharp breakdown.
Is WMG a buy?
Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.
Where is WMG trading inside its 52-week range?
At $26.44, WMG sits 25.7% of the way from its 52-week low ($23.34) to its 52-week high ($35.42). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has WMG been declining?
The current 25.4% decline accrued over 76d, which annualizes to roughly -122.0% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.
How does WMG compare to its sector?
There are 45 other Communication Services tickers on Broken Stocks: 23 Red, 7 Amber, 15 Watch, with 12 showing recovering structural signals. Median sector decline is -41.2% — WMG's decline is shallower than the sector median.
Does WMG's earnings date affect its tier?
No. Tiering is decided purely by decline depth and recency of the rolling-high date. The earnings date on file (2026-05-07) is shown for reference only — listings can move tier between scans based on closing prices, regardless of fundamentals or news events.