WORKIVA INC. CLASS A - Daily - Technical analysis published on 01/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 40.17 USD
My targets
47.65 USD (+9.89%)
50.84 USD (+17.25%)
My analysis
The strong short-term increase of WORKIVA INC. CLASS A should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 40.17 USD, a purchase could be considered. The first bullish objective is located at 47.65 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 50.84 USD. If there is any crossing, the next objective would be the resistance at 55.54 USD. Caution, if there is a return under 40.17 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WORKIVA INC. CLASS A price is 43.36 USD. The price has increased by +3.12% since the last closing and was traded between 42.25 USD and 43.40 USD over the period. The price is currently at +2.63% from its lowest and -0.09% from its highest.42.25
43.40
43.36
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this WORKIVA INC. CLASS A chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.92 | 32.43 | 38.49 | 43.36 | 44.01 | 50.84 | 55.54 |
| Change (%) | -47.14% | -25.21% | -11.23% | - | +1.50% | +17.25% | +28.09% |
| Change | -20.44 | -10.93 | -4.87 | - | +0.65 | +7.48 | +12.18 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
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 | 41.14 | 41.41 | 41.73 | 42.00 | 42.32 | 42.59 | 42.91 |
| Camarilla | 41.89 | 41.94 | 42.00 | 42.05 | 42.10 | 42.16 | 42.21 |
| Woodie | 41.17 | 41.42 | 41.76 | 42.01 | 42.35 | 42.60 | 42.94 |
| Fibonacci | 41.41 | 41.64 | 41.78 | 42.00 | 42.23 | 42.37 | 42.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.04 | 39.90 | 40.74 | 41.60 | 42.44 | 43.30 | 44.14 |
| Camarilla | 41.12 | 41.28 | 41.43 | 41.59 | 41.75 | 41.90 | 42.06 |
| Woodie | 39.04 | 39.90 | 40.74 | 41.60 | 42.44 | 43.30 | 44.14 |
| Fibonacci | 39.90 | 40.55 | 40.95 | 41.60 | 42.25 | 42.65 | 43.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.43 | 38.29 | 40.17 | 42.03 | 43.91 | 45.77 | 47.65 |
| Camarilla | 41.02 | 41.36 | 41.71 | 42.05 | 42.39 | 42.74 | 43.08 |
| Woodie | 36.44 | 38.30 | 40.18 | 42.04 | 43.92 | 45.78 | 47.66 |
| Fibonacci | 38.29 | 39.72 | 40.60 | 42.03 | 43.46 | 44.34 | 45.77 |
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): | 58.79 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 1.32 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 42.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.19 | |
| Elder Ray (13): | 0.77 | |
| Super Trend (3,10): | 44.25 | |
| Zig ZAG (10): | 43.36 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 80.75 | |
| TEMA (21): | 42.21 | |
| Williams %R (14): | -1.23 | |
| Chande Momentum Oscillator (20): | 2.55 | |
| Repulse (5,40,3): | 4.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.84 |
| MA7: | 42.03 | |
| MA20: | 41.92 | |
| MA50: | 41.79 | |
| MA100: | 43.95 | |
| MAexp7: | 42.23 | |
| MAexp20: | 42.03 | |
| MAexp50: | 42.54 | |
| MAexp100: | 44.38 | |
| Price / MA7: | +3.16% | |
| Price / MA20: | +3.44% | |
| Price / MA50: | +3.76% | |
| Price / MA100: | -1.34% | |
| Price / MAexp7: | +2.68% | |
| Price / MAexp20: | +3.16% | |
| Price / MAexp50: | +1.93% | |
| Price / MAexp100: | -2.30% |
News
The latest news and videos published on WORKIVA INC. CLASS A at the time of the analysis were as follows:
- Workiva Recognized Again as a Gartner Peer Insights Customers’ Choice for Cloud Financial Planning & Analysis
- Workiva Named Large Software Company of the Year by International Business Awards®
- Workiva Receives FedRAMP Moderate Authorization
- Workiva to Report Third Quarter 2019 Results
- Workiva Applauds Bipartisan Introduction of the Financial Transparency Act in the U.S. House of Representatives
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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