WESTERN DIGITAL CORP (WDC) Technical Analysis
NASDAQ:WDC • US9581021055
Current stock price
WDC Technical Rating and Analysis
Overall WDC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WDC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, WDC did better than 99% of all other stocks. On top of that, WDC also shows a nice and consistent pattern of rising prices.
- WDC is part of the Technology Hardware, Storage & Peripherals industry. There are 37 other stocks in this industry. WDC outperforms 94% of them.
- A new 52 week high is currently being made by WDC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month WDC has a been trading in the 249.06 - 389.71 range, which is quite wide. It is currently trading near the high of this range.
- WDC has an average volume of 8695420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WDC Weekly and Daily overview Charts
WDC Setup Rating and Analysis
Although WDC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
WDC Support and Resistance Analysis
255.11
When analyzing the support we can see 3 important areas.
- Support @276.56 from a trend line in the weekly time frame.
- Support @271.29 from a trend line in the daily time frame.
- Support @257.69 from a trend line in the daily time frame.
WDC 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WDC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WDC is up. |
| ChartMill Relative Strength | 99.55 | POSITIVE | WDC has a high relative strength, it outperformed 99.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WDC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.2 | OVERBOUGHT | The high RSI value suggests WDC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.49 | POSITIVE | The MACD value suggests WDC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.85 | OVERBOUGHT | The high Stochastics value suggests WDC may be overbought. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for WDC suggests high volalility. |
| Average Directional Index/ADX (14) | 30.25 | POSITIVE | The high ADX value value for WDC suggests a strong trend. |
WDC Chart- and CandleStick Pattern Analysis
WDC Technicals: Chart, Performance Metrics, Trend & Indicators
383.81
+9.7 (+2.59%)
WESTERN DIGITAL CORP / WDC TA FAQ
Can you provide the ChartMill technical rating for WESTERN DIGITAL CORP?
ChartMill assigns a technical rating of 10 / 10 to WDC.
What is the current trend direction of WESTERN DIGITAL CORP (WDC) stock?
The current trend direction for WESTERN DIGITAL CORP (WDC) is Bullish.
What is the RSI signal for WDC stock?
WESTERN DIGITAL CORP (WDC) has an RSI value of 73.196. This indicates that the stock is currently overbought.
Can you provide the MACD signal for WESTERN DIGITAL CORP?
The MACD indicator for WESTERN DIGITAL CORP (WDC) has a value of 5.49225, indicating a bullish trend.
Can you provide the short term momentum for WESTERN DIGITAL CORP?
The short term momentum for WESTERN DIGITAL CORP (WDC) is positive.