WESTERN DIGITAL CORP (WDC) Technical Analysis
NASDAQ:WDC • US9581021055
Current stock price
272.29 USD
+11.11 (+4.25%)
At close:
272.199 USD
-0.09 (-0.03%)
After Hours:
WDC Technical Rating and Analysis
Taking everything into account, WDC scores 9 out of 10 in our technical rating. In the last year, WDC was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, WDC did better than 99% of all other 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 37 other stocks in this industry. WDC outperforms 94% 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 9923250 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 238.00 - 309.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WDC Weekly and Daily overview Charts
WDC Setup Rating and Analysis
Besides having an excellent technical rating, WDC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
WDC Support and Resistance Analysis
211.51
299.54
We found 3 important support areas.
- A support zone ranging from 252.37 to 253.54. 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 245.24 to 245.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @213.65 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @296.57 from a horizontal line in the daily time frame.
WDC 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 | NEUTRAL | NEUTRAL | The short term trend for WDC is neutral. |
| ChartMill Relative Strength | 99.37 | POSITIVE | WDC has a high relative strength, it outperformed 99.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WDC is below a declining 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) | 53.2 | NEUTRAL | The RSI value for WDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.32 | NEGATIVE | The MACD value suggests WDC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.41 | NEUTRAL | The Stochastics value for WDC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for WDC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.83 | NEGATIVE | The low ADX value for WDC suggests a weak or negative trend. |
WDC Chart- and CandleStick Pattern Analysis
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)
WDC Technicals: Chart, Performance Metrics, Trend & Indicators
272.29
+11.11 (+4.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg4.25%
1 Week11.03%
2 Weeks-2.65%
1 Month-4.16%
3 Month54.41%
6 Month178.81%
12 Month511.48%
2 Year299.02%
3 Year622.83%
5 Year307.93%
10 Year476.4%
15 Year630.2%
Volatility
ATR(14)18.67
ATR(20)%6.99%
ATR Inc-25.07%
Range Today13.1
ADR(20)17.26
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.37
3 months CRS97.69
6 months CRS99.01
Mansfield11.79
10 Day High283.92
10 Day Low238
20 Day High309.9
20 Day Low238
52 Week High309.9
52 Week Low28.83
CS1 End253.54
CR1 Start296.57
Volume & EV
DER(3)0.84%
DER(5)1.2%
Volume8.20M
Volume Incr-17.45%
Vol(5)7.87M
Vol(50)9.92M
WESTERN DIGITAL CORP / WDC TA FAQ
Can you provide the ChartMill technical rating for WESTERN DIGITAL CORP?
ChartMill assigns a technical rating of 9 / 10 to WDC.
What is the current trend direction of WESTERN DIGITAL CORP (WDC) stock?
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 53.1967. This indicates that the stock is currently neutral.
What is the short term momentum for WDC stock?
The short term momentum for WESTERN DIGITAL CORP (WDC) is neutral.