Warner Bros. Discovery (WBD) announced at a press event Wednesday that "Max" was the new name of its streaming platform. The newly named platform will go live on May 23, and will feature material from Discovery+ , as well as the libraries of HBO and WBD-owned properties such as Turner Classic Movies, The Cartoon Network and more.
Max will cost $15.99 a month for the ad-free version and $9.99 per month for the ad-supported tier.
Let's check the charts and indicators of WBD and see if the stock is worth signing up for.
In the daily bar chart of WBD, below, I see a mixed chart picture. The shares made a low in late December and rallied but that strength is fading fast. WBD is trading below the 50-day moving average line but still above the bottoming 200-day moving average line.
The trading volume is neutral while the On-Balance-Volume (OBV) line has been flat since the beginning of February. The Moving Average Convergence Divergence (MACD) oscillator is hugging the zero line and tells me there is little trend strength.