WESTERN DIGITAL

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	WDC
ISIN:

WESTERN DIGITAL - Daily - Technical analysis published on 10/25/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 55.34 USD

My targets

60.82 USD (+2.18%)

64.70 USD (+8.70%)

My analysis

The basic bullish trend is very strong on WESTERN DIGITAL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 55.34 USD. Crossing the first resistance at 60.82 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 64.70 USD as an objective. Crossing it would then enable buyers to target 76.94 USD. Caution, a return to below 55.34 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

6.4

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WESTERN DIGITAL rating is 59.52 USD. The price registered an increase of +3.24% on the session with the lowest point at 58.24 USD and the highest point at 60.23 USD. The deviation from the price is +2.20% for the low point and -1.18% for the high point.

58.24

60.23

59.52

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this WESTERN DIGITAL chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	49.66	52.66	55.34	59.52	60.82	64.70	76.94
Change (%)	-16.57%	-11.53%	-7.02%	-	+2.18%	+8.70%	+29.27%
Change	-9.86	-6.86	-4.18	-	+1.30	+5.18	+17.42
Level	Minor	Major	Major	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.73	56.30	56.98	57.55	58.23	58.80	59.48
Camarilla	57.31	57.42	57.54	57.65	57.77	57.88	57.99
Woodie	55.78	56.33	57.03	57.58	58.28	58.83	59.52
Fibonacci	56.30	56.78	57.08	57.55	58.03	58.33	58.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.73	55.00	56.56	58.83	60.39	62.66	64.22
Camarilla	57.08	57.43	57.78	58.13	58.48	58.83	59.18
Woodie	52.39	54.82	56.22	58.65	60.05	62.48	63.88
Fibonacci	55.00	56.46	57.36	58.83	60.29	61.19	62.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.20	51.15	55.40	60.35	64.60	69.55	73.80
Camarilla	57.11	57.95	58.80	59.64	60.48	61.33	62.17
Woodie	45.84	50.98	55.04	60.18	64.24	69.38	73.44
Fibonacci	51.15	54.67	56.84	60.35	63.87	66.04	69.55

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.24
MACD (12,26,9):	-0.1200
Directional Movement:	0.57
AROON (14):	42.85
DEMA (21):	58.77
Parabolic SAR (0,02-0,02-0,2):	61.01
Elder Ray (13):	0.44
Super Trend (3,10):	62.07
Zig ZAG (10):	59.52
VORTEX (21):	0.9200
Stochastique (14,3,5):	57.59
TEMA (21):	58.21
Williams %R (14):	-27.59
Chande Momentum Oscillator (20):	4.00
Repulse (5,40,3):	0.4200
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	2.35

MA7:	58.83
MA20:	58.48
MA50:	59.00
MA100:	53.74
MAexp7:	58.77
MAexp20:	58.90
MAexp50:	58.03
MAexp100:	55.38
Price / MA7:	+1.17%
Price / MA20:	+1.78%
Price / MA50:	+0.88%
Price / MA100:	+10.76%
Price / MAexp7:	+1.28%
Price / MAexp20:	+1.05%
Price / MAexp50:	+2.57%
Price / MAexp100:	+7.48%

News

Don"t forget to follow the news on WESTERN DIGITAL. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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