We assign a technical rating of 9 out of 10 to WDC. 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.
Although WDC has an excellent technical rating, it does not present a decent entry opportunity 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
103.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 139.18 to 139.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @104.85 from a trend 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 | UP | POSITIVE | The long term trend for WDC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WDC is neutral. |
| ChartMill Relative Strength | 97.22 | POSITIVE | WDC has a high relative strength, it outperformed 97.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WDC is below 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) | 45.55 | NEUTRAL | The RSI value for WDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.81 | NEGATIVE | The MACD value suggests WDC has a negative trend. |
| Stochastics (14,3) | 19.05 | OVERSOLD | The low Stochastics value suggests WDC may be oversold. |
| Average True Range in percent/ATR (20) | 8.44 | HIGH VOLATILITY | The high ATR as a percentage value for WDC suggests high volalility. |
| Average Directional Index/ADX (14) | 35.57 | POSITIVE | The high ADX value value for WDC suggests a strong trend. |
139.19
-1.04 (-0.74%)
WESTERN DIGITAL CORP / WDC FAQ
Can you provide the ChartMill technical rating for WESTERN DIGITAL CORP?
ChartMill assigns a technical rating of 9 / 10 to WDC.
Can you provide the trend direction for WESTERN DIGITAL CORP?
The current trend direction for WESTERN DIGITAL CORP (WDC) is Bullish.
Can you provide the RSI signal for WESTERN DIGITAL CORP?
WESTERN DIGITAL CORP (WDC) has an RSI value of 45.5519. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTERN DIGITAL CORP?
The MACD indicator for WESTERN DIGITAL CORP (WDC) has a value of -3.80508, indicating a bearish trend.
What is the support and resistance level for WDC stock?
WESTERN DIGITAL CORP (WDC) has a support level at 139.18. Check the full technical report for our detailed analysis of WDC support and resistance levels.