WORKDAY INC. - Daily - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 281.36 USD
My targets
252.21 USD (-5.48%)
223.69 USD (-16.16%)
My analysis
WORKDAY INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 281.36 USD. The next support located at 252.21 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 223.69 USD. Below this support, sellers could then target 205.43 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WORKDAY INC. rating is 266.82 USD. The price is lower by -0.02% since the last closing and was traded between 264.86 USD and 268.48 USD over the period. The price is currently at +0.74% from its lowest and -0.62% from its highest.264.86
268.48
266.82
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WORKDAY INC. in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 223.69 | 252.21 | 265.80 | 266.82 | 281.36 | 300.90 |
| Change (%) | -16.16% | -5.48% | -0.38% | - | +5.45% | +12.77% |
| Change | -43.13 | -14.61 | -1.02 | - | +14.54 | +34.08 |
| Level | Major | Major | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 259.57 | 262.29 | 264.57 | 267.29 | 269.57 | 272.29 | 274.57 |
| Camarilla | 265.49 | 265.94 | 266.40 | 266.86 | 267.32 | 267.78 | 268.24 |
| Woodie | 259.36 | 262.18 | 264.36 | 267.18 | 269.36 | 272.18 | 274.36 |
| Fibonacci | 262.29 | 264.20 | 265.38 | 267.29 | 269.20 | 270.38 | 272.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 253.77 | 259.65 | 263.99 | 269.87 | 274.21 | 280.09 | 284.43 |
| Camarilla | 265.51 | 266.45 | 267.38 | 268.32 | 269.26 | 270.19 | 271.13 |
| Woodie | 252.99 | 259.27 | 263.21 | 269.49 | 273.43 | 279.71 | 283.65 |
| Fibonacci | 259.65 | 263.56 | 265.97 | 269.87 | 273.78 | 276.19 | 280.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 224.18 | 243.37 | 258.06 | 277.25 | 291.94 | 311.13 | 325.82 |
| Camarilla | 263.43 | 266.54 | 269.64 | 272.75 | 275.86 | 278.96 | 282.07 |
| Woodie | 221.93 | 242.25 | 255.81 | 276.13 | 289.69 | 310.01 | 323.57 |
| Fibonacci | 243.37 | 256.31 | 264.31 | 277.25 | 290.19 | 298.19 | 311.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.84 | |
| MACD (12,26,9): | -3.4900 | |
| Directional Movement: | -10.27 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 267.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 277.08 | |
| Elder Ray (13): | -3.61 | |
| Super Trend (3,10): | 282.40 | |
| Zig ZAG (10): | 266.50 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 20.27 | |
| TEMA (21): | 266.57 | |
| Williams %R (14): | -89.16 | |
| Chande Momentum Oscillator (20): | -9.18 | |
| Repulse (5,40,3): | -0.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 3.91 |
| MA7: | 268.46 | |
| MA20: | 271.96 | |
| MA50: | 282.88 | |
| MA100: | 276.64 | |
| MAexp7: | 268.74 | |
| MAexp20: | 272.06 | |
| MAexp50: | 276.06 | |
| MAexp100: | 270.29 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | -5.68% | |
| Price / MA100: | -3.55% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -1.93% | |
| Price / MAexp50: | -3.35% | |
| Price / MAexp100: | -1.28% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on WORKDAY INC.. At the time of publication of this analysis, the latest news was as follows:
- Workday Co-Presidents Robynne Sisco and Doug Robinson to Present Virtually at Two Upcoming Investor Conferences
- Workday Announces Fiscal 2022 Third Quarter Financial Results
- Workday Announces Intent to Acquire VNDLY
- Workday Promotes Doug Robinson to Co-President and Barbara Larson to Chief Financial Officer
- Workday Delivers New Innovations to Elevate the Frontline Worker Experience
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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