WDC Technical Analysis - WESTERN DIGITAL CORP

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.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that WDC is one of the better performing stocks in the market, outperforming 95% of all stocks.

WDC is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry. WDC outperforms 87% of them.

WDC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month WDC has a been trading in the 92.70 - 137.40 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

WDC has an average volume of 8817060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

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 offer a high quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

88.17

126.53

When analyzing the support we can see 2 important areas.

Support @106.88 from a horizontal line in the daily time frame.
Support @89.06 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	95.56	POSITIVE	WDC has a high relative strength, it outperformed 95.56% 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)	73.97	OVERBOUGHT	The high RSI value suggests WDC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.41	POSITIVE	The MACD value suggests WDC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.46	NEUTRAL	The Stochastics value for WDC is a neutral value.
Average True Range in percent/ATR (20)	4.32	MEDIUM VOLATILITY	The ATR as a percentage value for WDC suggests some volalility.
Average Directional Index/ADX (14)	62.58	POSITIVE	The high ADX value value for WDC suggests a strong trend.