WORKDAY INC-CLASS A (WDAY) Stock Technical Analysis
NASDAQ:WDAY - Nasdaq - US98138H1014 - Common Stock - Currency: USD
Taking everything into account, WDAY scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WDAY is showing a nice and steady performance.
Besides having an excellent technical rating, WDAY also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 276.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 272.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
203.95
We found 5 important support areas.
- A support zone ranging from 268.53 to 272.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @235.47 from a horizontal line in the daily time frame.
- Support @217.89 from a trend line in the weekly time frame.
- Support @211.95 from a horizontal line in the weekly time frame.
- Support @206.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 276.51 to 279.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WDAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WDAY is up. |
| ChartMill Relative Strength | 86.44 | POSITIVE | WDAY has a high relative strength, it outperformed 86.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WDAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WDAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.94 | NEUTRAL | The RSI value for WDAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.1 | POSITIVE | The MACD value suggests WDAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.07 | OVERBOUGHT | The high Stochastics value suggests WDAY may be overbought. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for WDAY suggests low volalility. |
| Average Directional Index/ADX (14) | 30.65 | POSITIVE | The high ADX value value for WDAY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 279.93 | 268.52 | 11.41 (4.08%) | 24.53% |
| An entry @279.93. This is a Buy Stop order right above the resistance zone. | An exit @268.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.41 points, which is 4.08%. | When investing 24.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
272.07
+3.53 (+1.31%)