WESTERN DIGITAL CORP (WDC)
US9581021055 - Common Stock
We assign a technical rating of 9 out of 10 to WDC. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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. We also observe that the gains produced by WDC over the past year are nicely spread over this period.
WDC is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry. WDC outperforms 87% of them.
WDC 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 WDC is performing more or less in line with the market.
WDC has an average volume of 7195220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WDC has a been trading in the 65.23 - 76.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WDC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 69.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
40.75
74.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 68.83 to 69.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 65.06 to 66.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.97 from a trend line in the daily time frame.
- Support @45.65 from a trend line in the weekly time frame.
- Support @41.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 73.11 to 73.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.85
Mansfield3.02
10 Day High72.44
10 Day Low65.23
20 Day High76.92
20 Day Low65.23
52 Week High76.92
52 Week Low32.01
Performance
1 Week0.4%
2 Weeks2.05%
1 Month-1.16%
3 Month19.88%
6 Month62.1%
12 Month108.43%
2 Year14.88%
3 Year-7.32%
5 Year87.32%
10 Year-20.64%
15 Year180.56%
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)
Technical Indicators
MACD(12,26,9)-0.32
RSI(14)52.74
LBB66.69
UBB72.5
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 73.91 | 68.82 | 5.09 (6.89%) | 14.52% |
| An entry @73.91. This is a Buy Stop order right above the resistance zone. | An exit @68.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.09 points, which is 6.89%. | When investing 14.52% 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.
WESTERN DIGITAL CORP
NASDAQ:WDC (5/3/2024, 10:32:10 AM)
70.57
+0.85 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.22%
1 Week0.4%
2 Weeks2.05%
1 Month-1.16%
3 Month19.88%
6 Month62.1%
12 Month108.43%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.23
ATR(20)%4.6%
ATR Inc
Range Today1.56
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High72.44
10 Day Low65.23
20 Day High76.92
20 Day Low65.23
52 Week High76.92
52 Week Low32.01
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.72M
Volume Incr22.32%
Vol(5)9.13M
Vol(50)7.20M