WESTERN DIGITAL CORP (WDC) Stock Technical Analysis
NASDAQ:WDC - Nasdaq - US9581021055 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to WDC. WDC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WDC has a been trading in the 61.82 - 72.26 range, which is quite wide. It is currently trading near the high of this range.
WDC has an average volume of 6197310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, WDC did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
WDC is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 54% of 32 stocks in the same industry.
WDC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WDC is lagging the market.
Although WDC has an excellent technical rating, the quality of the presented setup is not ideal 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
60.16
69.39
We found 2 important support areas.
- A support zone ranging from 64.46 to 65.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.77 to 63.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.32
Mansfield-0.42
10 Day High72.26
10 Day Low63.57
20 Day High72.26
20 Day Low61.82
52 Week High81.55
52 Week Low52.77
Performance
1 Week5.96%
2 Weeks10.15%
1 Month3.88%
3 Month7.32%
6 Month10.78%
12 Month27.17%
2 Year85.27%
3 Year39.95%
5 Year28.31%
10 Year-33.36%
15 Year84.55%
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)
Technical Indicators
MACD(12,26,9)0.65
RSI(14)64.04
LBB61.74
UBB72.98
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 |
|---|---|---|---|
| 72.27 | 64.45 | 7.82 (10.82%) | 9.24% |
| An entry @72.27. This is a Buy Stop order right above the 10 day high. | An exit @64.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.82 points, which is 10.82%. | When investing 9.24% 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.
68.7
-2.59 (-3.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-3.63%
1 Week5.96%
2 Weeks10.15%
1 Month3.88%
3 Month7.32%
6 Month10.78%
12 Month27.17%
2 Year85.27%
3 Year39.95%
5 Year28.31%
10 Year-33.36%
15 Year84.55%
Volatility
ATR(14)2.35
ATR(20)%3.53%
ATR Inc-43.95%
Range Today3.89
ADR(20)2.26
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.32
Mansfield-0.42
10 Day High72.26
10 Day Low63.57
20 Day High72.26
20 Day Low61.82
52 Week High81.55
52 Week Low52.77
CS1 End65.31
CR1 StartN/A
Volume & EV
DER(3)2.53%
DER(5)2.43%
Volume9.05M
Volume Incr-18.15%
Vol(5)6.10M
Vol(50)6.20M