WORKDAY INC-CLASS A (WDAY) Stock Technical Analysis
NASDAQ:WDAY - Nasdaq - US98138H1014 - Common Stock - Currency: USD
Taking everything into account, WDAY scores 0 out of 10 in our technical rating. WDAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
77% of all other stocks performed better in the past year than WDAY.
WDAY is part of the Software industry. There are 282 other stocks in this industry, of which 62% are performing better than WDAY.
WDAY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WDAY has a been trading in the 222.84 - 253.54 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
WDAY has an average volume of 2234240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of WDAY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
203.95
279.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 217.13 to 218.90. 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 235.47 to 241.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 268.95 to 276.51. 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 | DOWN | NEGATIVE | The long term trend for WDAY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WDAY is down. |
| ChartMill Relative Strength | 23.1 | NEGATIVE | WDAY has a low relative strength, it was outperformed by 76.9% off all stocks 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) | DOWN | NEGATIVE | The current price of WDAY is below a declining 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) | 29.19 | OVERSOLD | The low RSI value suggests WDAY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests WDAY has a negative trend. |
| Stochastics (14,3) | 29.03 | NEUTRAL | The Stochastics value for WDAY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for WDAY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.11 | POSITIVE | The high ADX value value for WDAY suggests a strong 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)
223.37
-5.93 (-2.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.59%
1 Week-7.61%
2 Weeks-5.83%
1 Month-11.14%
3 Month-1.39%
6 Month-10.55%
12 Month-2.89%
2 Year-5.8%
3 Year44.02%
5 Year23.46%
10 Year164.88%
15 YearN/A
Volatility
ATR(14)5.64
ATR(20)%2.44%
ATR Inc86.54%
Range Today5.99
ADR(20)4.93
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.1
Mansfield-1.64
10 Day High243.73
10 Day Low222.84
20 Day High253.54
20 Day Low222.84
52 Week High294
52 Week Low199.81
CS1 End218.9
CR1 Start235.47
Volume & EV
DER(3)-2.7%
DER(5)1.33%
Volume2.51M
Volume Incr40.59%
Vol(5)2.88M
Vol(50)2.23M