WESTERN DIGITAL CORP (WDC) Stock Technical Analysis
NASDAQ:WDC - Nasdaq - US9581021055 - Common Stock - Currency: USD
Taking everything into account, WDC scores 5 out of 10 in our technical rating. In the past year, WDC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
65% of all other stocks performed better in the past year than WDC.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
WDC is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry. WDC outperforms 77% of them.
WDC 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.
WDC has an average volume of 8201680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WDC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WDC is lagging the market slightly.
Although the technical rating is only medium, WDC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
48.99
74.16
We found 1 important support area.
- A support zone ranging from 49.48 to 49.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 55.71 to 57.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @62.99 from a trend line in the weekly time frame.
- Resistance @64.90 from a trend line in the weekly time frame.
- Resistance @73.43 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for WDC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WDC is up. |
| ChartMill Relative Strength | 35.58 | NEUTRAL | WDC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of WDC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.9 | OVERBOUGHT | The high RSI value suggests WDC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WDC has a negative trend. |
| Stochastics (14,3) | 77.8 | NEUTRAL | The Stochastics value for WDC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for WDC suggests some volalility. |
| Average Directional Index/ADX (14) | 44.82 | POSITIVE | The high ADX value value for WDC suggests a strong trend. |
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)
55.7
-0.08 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-0.14%
1 Week0.45%
2 Weeks8.05%
1 Month11.96%
3 Month25.08%
6 Month-14.47%
12 Month-28.7%
2 Year46.85%
3 Year24.25%
5 Year26.16%
10 Year-28.97%
15 Year84.68%
Volatility
ATR(14)1.52
ATR(20)%2.71%
ATR Inc-17.42%
Range Today1.67
ADR(20)1.43
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.58
Mansfield-1.08
10 Day High57.46
10 Day Low51.17
20 Day High57.46
20 Day Low49
52 Week High81.55
52 Week Low28.83
CS1 End49.53
CR1 Start55.71
Volume & EV
DER(3)1.56%
DER(5)2.31%
Volume10.55M
Volume Incr1.23%
Vol(5)6.46M
Vol(50)8.20M