Logo image of WDAY

WORKDAY INC-CLASS A (WDAY) Stock Technical Analysis

NASDAQ:WDAY - Nasdaq - US98138H1014 - Common Stock - Currency: USD

272.07  +3.53 (+1.31%)

After market: 253.3 -18.77 (-6.9%)

Technical Rating and Analysis

10

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.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WDAY is one of the better performing stocks in the market, outperforming 86% of all stocks.
WDAY is one of the better performing stocks in the Software industry, it outperforms 72% of 283 stocks in the same industry.
WDAY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WDAY is performing more or less in line with the market.
WDAY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WDAY has an average volume of 2068640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
WORKDAY INC-CLASS A / WDAY Weekly stock chart
WORKDAY INC-CLASS A / WDAY Daily stock chart
Setup Rating and Analysis

8

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.
Support and Resistance Analysis

203.95

282.72

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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for WDAY is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for WDAY is up.
ChartMill Relative Strength86.44POSITIVEWDAY has a high relative strength, it outperformed 86.44% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of WDAY is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of WDAY is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of WDAY is above the rising SMA(200).
Relative Strength Index/RSI (14)67.94NEUTRALThe RSI value for WDAY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)1.1POSITIVEThe MACD value suggests WDAY has a positive trend, although the MACD value is declining.
Stochastics (14,3)85.07OVERBOUGHTThe high Stochastics value suggests WDAY may be overbought.
Average True Range in percent/ATR (20)1.93LOW VOLATILITYThe low ATR as a percentage value for WDAY suggests low volalility.
Average Directional Index/ADX (14)30.65POSITIVEThe high ADX value value for WDAY suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
279.93268.5211.41 (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.
WORKDAY INC-CLASS A / WDAY Daily stock chart

WORKDAY INC-CLASS A

NASDAQ:WDAY (5/22/2025, 8:00:02 PM)

After market: 253.3 -18.77 (-6.9%)

272.07

+3.53 (+1.31%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.31%
1 Week-0.96%
2 Weeks5.46%
1 Month14.86%
3 Month6.12%
6 Month1.61%
12 Month23.16%
2 Year28.34%
3 Year74.07%
5 Year48.32%
10 Year244.74%
15 YearN/A
Volatility
ATR(14)5.28
ATR(20)%1.93%
ATR Inc18.34%
Range Today6.24
ADR(20)4.98
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.44
Mansfield0.85
10 Day High276
10 Day Low256.36
20 Day High276
20 Day Low235.79
52 Week High294
52 Week Low199.81
CS1 End272.06
CR1 Start276.51
Volume & EV
DER(3)0.66%
DER(5)1.82%
Volume4.19M
Volume Incr51.19%
Vol(5)2.20M
Vol(50)2.07M