WESTERN DIGITAL CORP (WDC) Stock Technical Analysis
NASDAQ:WDC - US9581021055 - Common Stock
76.97 USD
+2.31 (+3.09%)
77.2 USD
+0.23 (+0.3%)
Overall WDC gets a technical rating of 9 out of 10. 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 32 other stocks in this industry. WDC outperforms 80% 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.
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 6733630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that WDC is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
WDC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 75.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WDC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
73.91
77.75
We found 1 important support area.
- A support zone ranging from 74.66 to 75.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @76.98 from a horizontal line in the weekly 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 | 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 | 88.87 | POSITIVE | WDC has a high relative strength, it outperformed 88.87% 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) | 64.54 | NEUTRAL | The RSI value for WDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests WDC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.61 | NEUTRAL | The Stochastics value for WDC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for WDC suggests some volalility. |
| Average Directional Index/ADX (14) | 37.03 | 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)
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 |
|---|---|---|---|
| 76.99 | 74.65 | 2.34 (3.04%) | 25.00% |
| An entry @76.99. This is a Buy Stop order right above the resistance zone. | An exit @74.65. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.34 points, which is 3.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- The distance between exit and entry is rather small compared to the average daily movement of WDC. Please evaluate whether better entry and exit points can be found.
- 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.
76.97
+2.31 (+3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg3.09%
1 Week2.54%
2 Weeks2.67%
1 Month11.84%
3 Month53.39%
6 Month12.03%
12 Month19.61%
2 Year71.04%
3 Year82.13%
5 Year100.34%
10 Year-6.09%
15 Year218.58%
Volatility
ATR(14)2.06
ATR(20)%3.12%
ATR Inc-0.06%
Range Today2.78
ADR(20)2.2
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.87
Mansfield1.73
10 Day High77.35
10 Day Low73.14
20 Day High78.8
20 Day Low68.67
52 Week High78.8
52 Week Low28.83
CS1 End75.73
CR1 Start76.98
Volume & EV
DER(3)4.06%
DER(5)3.57%
Volume6.52M
Volume Incr-31.41%
Vol(5)5.29M
Vol(50)6.73M