WORKIVA INC (WK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WK - US98139A1051 - Common Stock
We assign a technical rating of 8 out of 10 to WK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WK is only an average performer.
WK 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 resistance zone just above the current price starting at 92.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 90.57, a Stop Loss order could be placed below this zone.
More info and screens
81.05
When analyzing the support we can see 2 important areas.
- A support zone ranging from 85.01 to 90.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 92.27 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 | UP | POSITIVE | The long term trend for WK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WK is up. |
| ChartMill Relative Strength | 60.09 | NEUTRAL | WK is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of WK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.29 | NEUTRAL | The RSI value for WK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests WK has a positive trend. |
| Stochastics (14,3) | 68.44 | NEUTRAL | The Stochastics value for WK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for WK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.81 | POSITIVE | The high ADX value value for WK suggests a strong trend. |
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 |
|---|---|---|---|
| 93.32 | 87.27 | 6.05 (6.48%) | 15.42% |
| An entry @93.32. This is a Buy Stop order right above the resistance zone. | An exit @87.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.05 points, which is 6.48%. | When investing 15.42% 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.
92.26
-0.71 (-0.76%)
WORKIVA INC / WK FAQ
What is the ChartMill technical rating of WORKIVA INC (WK) stock?
ChartMill assigns a technical rating of 8 / 10 to WK.
What is the trend direction for WK stock?
The current trend direction for WORKIVA INC (WK) is Bullish.
What is the RSI signal for WK stock?
WORKIVA INC (WK) has an RSI value of 58.2904. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WORKIVA INC?
The short term momentum for WORKIVA INC (WK) is positive.
What is the buy/sell signal for WK stock?
The buy/sell signal for WORKIVA INC (WK) is buy as both the short term and long term trends are positive.