WORKDAY INC-CLASS A (WDAY) Stock Technical Analysis
NASDAQ:WDAY - Nasdaq - US98138H1014 - Common Stock - Currency: USD
Taking everything into account, WDAY scores 2 out of 10 in our technical rating. WDAY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month WDAY has a been trading in the 237.00 - 274.65 range, which is quite wide. It is currently trading near the lows of this range.
WDAY has an average volume of 2243770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, WDAY outperforms 59% of them, which is more or less in line with the market.
WDAY is an average performer in the Software industry, it outperforms 55% of 284 stocks in the same industry.
WDAY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WDAY is lagging the market.
WDAY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for WDAY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
203.95
282.72
When analyzing the support we can see 4 important areas.
- Support @235.47 from a horizontal line in the daily time frame.
- A support zone ranging from 217.13 to 218.47. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 210.46 to 211.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @206.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 246.08 to 252.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 270.43 to 279.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for WDAY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WDAY is down. |
| ChartMill Relative Strength | 59.34 | NEUTRAL | WDAY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WDAY is below a declining 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) | DOWN | NEGATIVE | The current price of WDAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.82 | NEUTRAL | The RSI value for WDAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests WDAY has a negative trend. |
| Stochastics (14,3) | 47.75 | NEUTRAL | The Stochastics value for WDAY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for WDAY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.62 | NEGATIVE | The low ADX value for WDAY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
245.65
+1.11 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.45%
1 Week-2.87%
2 Weeks-0.85%
1 Month-10.03%
3 Month-1.54%
6 Month-10.03%
12 Month12.12%
2 Year8.75%
3 Year75.99%
5 Year31.11%
10 Year221.57%
15 YearN/A
Volatility
ATR(14)4.83
ATR(20)%2.63%
ATR Inc-21.28%
Range Today4.17
ADR(20)5.17
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.34
Mansfield-0.53
10 Day High257.09
10 Day Low243.62
20 Day High274.65
20 Day Low237
52 Week High294
52 Week Low199.81
CS1 End235.47
CR1 Start246.08
Volume & EV
DER(3)4.74%
DER(5)3.79%
Volume1.83M
Volume Incr-24.29%
Vol(5)1.91M
Vol(50)2.24M