WDC Technical Analysis - WESTERN DIGITAL CORP

Technical Rating and Analysis

Taking everything into account, WDC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, WDC has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

WDC is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry. WDC outperforms 81% 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 73.14 - 103.78 range, which is quite wide. It is currently trading near the high of this range.

WDC has an average volume of 7424120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, WDC did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WESTERN DIGITAL CORP / WDC Weekly stock chart

WESTERN DIGITAL CORP / WDC Daily stock chart

Setup Rating and Analysis

Although WDC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

81.27

103.41

We found 1 important support area.

Support @82.09 from a trend line in the daily time frame.

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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	93.39	POSITIVE	WDC has a high relative strength, it outperformed 93.39% 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)	89.18	OVERBOUGHT	The high RSI value suggests WDC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.39	POSITIVE	The MACD value suggests WDC has a positive trend.
Stochastics (14,3)	94.07	OVERBOUGHT	The high Stochastics value suggests WDC may be overbought.
Average True Range in percent/ATR (20)	2.68	MEDIUM VOLATILITY	The ATR as a percentage value for WDC suggests some volalility.
Average Directional Index/ADX (14)	49.69	POSITIVE	The high ADX value value for WDC suggests a strong trend.