WORKDAY INC. - Daily - Technical analysis published on 03/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 243.88 USD
My targets
213.01 USD (-3.95%)
198.96 USD (-10.29%)
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 243.88 USD. The next support located at 213.01 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 198.96 USD. Below this support, sellers could then target 152.29 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WORKDAY INC. price is 221.77 USD. The price registered a decrease of -1.40% on the session and was between 221.22 USD and 229.22 USD. This implies that the price is at +0.25% from its lowest and at -3.25% from its highest.221.22
229.22
221.77
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this WORKDAY INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 152.29 | 198.96 | 213.01 | 221.77 | 224.30 | 243.88 | 253.08 |
| Change (%) | -31.33% | -10.29% | -3.95% | - | +1.14% | +9.97% | +14.12% |
| Change | -69.48 | -22.81 | -8.76 | - | +2.53 | +22.11 | +31.31 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.70 | 219.70 | 222.30 | 227.30 | 229.90 | 234.90 | 237.50 |
| Camarilla | 222.82 | 223.52 | 224.21 | 224.91 | 225.61 | 226.30 | 227.00 |
| Woodie | 213.51 | 219.10 | 221.11 | 226.70 | 228.71 | 234.30 | 236.31 |
| Fibonacci | 219.70 | 222.60 | 224.39 | 227.30 | 230.20 | 231.99 | 234.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 186.81 | 201.28 | 213.10 | 227.57 | 239.39 | 253.86 | 265.68 |
| Camarilla | 217.68 | 220.09 | 222.50 | 224.91 | 227.32 | 229.73 | 232.14 |
| Woodie | 185.48 | 200.62 | 211.77 | 226.91 | 238.06 | 253.20 | 264.35 |
| Fibonacci | 201.28 | 211.33 | 217.53 | 227.57 | 237.62 | 243.82 | 253.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.20 | 179.55 | 204.30 | 230.65 | 255.40 | 281.75 | 306.50 |
| Camarilla | 215.00 | 219.68 | 224.37 | 229.05 | 233.73 | 238.42 | 243.10 |
| Woodie | 152.40 | 179.15 | 203.50 | 230.25 | 254.60 | 281.35 | 305.70 |
| Fibonacci | 179.55 | 199.07 | 211.13 | 230.65 | 250.17 | 262.23 | 281.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.03 | |
| MACD (12,26,9): | -3.4700 | |
| Directional Movement: | -9.08 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 225.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 219.75 | |
| Elder Ray (13): | -3.67 | |
| Super Trend (3,10): | 212.99 | |
| Zig ZAG (10): | 221.35 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 43.25 | |
| TEMA (21): | 227.36 | |
| Williams %R (14): | -64.26 | |
| Chande Momentum Oscillator (20): | -0.56 | |
| Repulse (5,40,3): | -5.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 4.97 |
| MA7: | 227.60 | |
| MA20: | 228.14 | |
| MA50: | 238.93 | |
| MA100: | 260.47 | |
| MAexp7: | 227.29 | |
| MAexp20: | 230.47 | |
| MAexp50: | 239.72 | |
| MAexp100: | 248.80 | |
| Price / MA7: | -2.56% | |
| Price / MA20: | -2.79% | |
| Price / MA50: | -7.18% | |
| Price / MA100: | -14.86% | |
| Price / MAexp7: | -2.43% | |
| Price / MAexp20: | -3.77% | |
| Price / MAexp50: | -7.49% | |
| Price / MAexp100: | -10.86% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on WORKDAY INC. at the time of the analysis were as follows:
- Workday Co-Presidents Robynne Sisco and Doug Robinson to Present Virtually at Two Upcoming Investor Conferences
- Workday Announces Intent to Acquire VNDLY
- Workday Promotes Doug Robinson to Co-President and Barbara Larson to Chief Financial Officer
- Workday Announces Fiscal 2022 Third Quarter Financial Results
- 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
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