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.
WDAY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 228.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 221.49, a Stop Loss order could be placed below this zone. 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.
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2 important support areas can be observed.
- A support zone ranging from 215.61 to 221.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 228.01 to 236.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @241.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 246.68 to 247.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @252.90 from a horizontal line in the daily time frame.
- Resistance @257.66 from a trend line in the weekly time frame.
- Resistance @273.67 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for WDAY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WDAY is neutral. |
| ChartMill Relative Strength | 23.38 | NEGATIVE | WDAY has a low relative strength, it was outperformed by 76.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WDAY is above 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) | 50.49 | NEUTRAL | The RSI value for WDAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1 | POSITIVE | The MACD value suggests WDAY has a positive trend. |
| Stochastics (14,3) | 52.67 | NEUTRAL | The Stochastics value for WDAY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for WDAY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for WDAY suggests a weak or negative trend. |
224.04
+1.29 (+0.58%)
WORKDAY INC-CLASS A / WDAY FAQ
Can you provide the ChartMill technical rating for WORKDAY INC-CLASS A?
ChartMill assigns a technical rating of 0 / 10 to WDAY.
What is the trend direction for WDAY stock?
The current trend direction for WORKDAY INC-CLASS A (WDAY) is Bearish.
What is the RSI signal for WDAY stock?
WORKDAY INC-CLASS A (WDAY) has an RSI value of 50.4879. This indicates that the stock is currently neutral.
What is the MACD signal for WORKDAY INC-CLASS A (WDAY) stock?
The MACD indicator for WORKDAY INC-CLASS A (WDAY) has a value of 1.00372, indicating a bullish trend.
What is the short term momentum for WDAY stock?
The short term momentum for WORKDAY INC-CLASS A (WDAY) is neutral.