Warner Bros Discovery Inc

In Stage 3 distribution, WBD exhibits a medium-term bullish tilt driven by the recent Bullish Pivot Point pattern indicating structural repair. However, price remains range-bound, oscillating around flat 9/21 EMAs and failing to sustain above the 50 DMA. With no clear entry trigger in the short term, execution is deferred until a shallow pullback and acceptance into dynamic support zones align with our Momentum + EPS framework.

• ↑HBO Max topped 150 million global subscribers, beating guidance
• ↑Q1 2026 revenue rose 20% YoY to $10.8 B, led by streaming
• ↓Fiscal 2026 EPS expected at -$1.07 implies sustained losses