WORKIVA INC (WK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WK - US98139A1051 - Common Stock
Taking everything into account, WK scores 4 out of 10 in our technical rating. In the last year, WK was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
WK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 89.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WK in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
65.92
3 important support areas can be observed.
- A support zone ranging from 87.14 to 88.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.87 to 83.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.59 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 89.84 to 91.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 92.56 to 93.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 WK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WK is neutral. |
| ChartMill Relative Strength | 22.72 | NEGATIVE | WK has a low relative strength, it was outperformed by 77.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.28 | NEUTRAL | The RSI value for WK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests WK has a positive trend. |
| Stochastics (14,3) | 81.92 | OVERBOUGHT | The high Stochastics value suggests WK may be overbought. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for WK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.26 | NEGATIVE | The low ADX value for WK suggests a weak or negative trend. |
89.51
-0.57 (-0.63%)
WORKIVA INC / WK FAQ
What is the ChartMill technical rating of WORKIVA INC (WK) stock?
ChartMill assigns a technical rating of 4 / 10 to WK.
Can you provide the trend direction for WORKIVA INC?
The current trend direction for WORKIVA INC (WK) is Bearish.
What is the RSI signal for WK stock?
WORKIVA INC (WK) has an RSI value of 54.2848. This indicates that the stock is currently neutral.
What is the short term momentum for WORKIVA INC (WK) stock?
The short term momentum for WORKIVA INC (WK) is neutral.