WORKDAY INC. - 1H - Technical analysis published on 11/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 264.95 USD
My targets
281.36 USD (+3.85%)
300.90 USD (+11.06%)
My analysis
The bullish trend is currently very strong on WORKDAY INC.. As long as the price remains above the support at 264.95 USD, you could try to benefit from the boom. The first bullish objective is located at 281.36 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 300.90 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
0
10
8.8
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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 270.93 USD. On the day, this instrument gained +2.57% and was traded between 262.34 USD and 271.27 USD over the period. The price is currently at +3.27% from its lowest and -0.13% from its highest.262.34
271.27
270.93
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this WORKDAY INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 256.00 | 258.88 | 264.95 | 270.93 | 281.36 | 300.90 |
| Change (%) | -5.51% | -4.45% | -2.21% | - | +3.85% | +11.06% |
| Change | -14.93 | -12.05 | -5.98 | - | +10.43 | +29.97 |
| Level | Minor | Minor | 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 | 248.37 | 251.69 | 257.92 | 261.24 | 267.47 | 270.79 | 277.02 |
| Camarilla | 261.52 | 262.40 | 263.28 | 264.15 | 265.03 | 265.90 | 266.78 |
| Woodie | 249.83 | 252.42 | 259.38 | 261.97 | 268.93 | 271.52 | 278.48 |
| Fibonacci | 251.69 | 255.34 | 257.59 | 261.24 | 264.89 | 267.14 | 270.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 222.14 | 229.95 | 243.25 | 251.06 | 264.36 | 272.17 | 285.47 |
| Camarilla | 250.74 | 252.67 | 254.61 | 256.54 | 258.48 | 260.41 | 262.35 |
| Woodie | 224.88 | 231.32 | 245.99 | 252.43 | 267.10 | 273.54 | 288.21 |
| Fibonacci | 229.95 | 238.02 | 243.00 | 251.06 | 259.13 | 264.11 | 272.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.49 | 223.91 | 228.88 | 238.30 | 243.27 | 252.69 | 257.66 |
| Camarilla | 229.89 | 231.21 | 232.53 | 233.85 | 235.17 | 236.49 | 237.81 |
| Woodie | 212.27 | 222.80 | 226.66 | 237.19 | 241.05 | 251.58 | 255.44 |
| Fibonacci | 223.91 | 229.41 | 232.80 | 238.30 | 243.80 | 247.19 | 252.69 |
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): | 80.74 | |
| MACD (12,26,9): | 4.6400 | |
| Directional Movement: | 29.81 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 267.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 258.99 | |
| Elder Ray (13): | 6.49 | |
| Super Trend (3,10): | 261.60 | |
| Zig ZAG (10): | 270.89 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 92.00 | |
| TEMA (21): | 267.99 | |
| Williams %R (14): | -0.78 | |
| Chande Momentum Oscillator (20): | 11.96 | |
| Repulse (5,40,3): | 2.8400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 6.49 |
| MA7: | 254.83 | |
| MA20: | 245.08 | |
| MA50: | 245.94 | |
| MA100: | 237.68 | |
| MAexp7: | 266.20 | |
| MAexp20: | 260.77 | |
| MAexp50: | 253.59 | |
| MAexp100: | 248.52 | |
| Price / MA7: | +6.32% | |
| Price / MA20: | +10.55% | |
| Price / MA50: | +10.16% | |
| Price / MA100: | +13.99% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +3.90% | |
| Price / MAexp50: | +6.84% | |
| Price / MAexp100: | +9.02% |
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 Announces Fiscal 2022 Third Quarter Financial Results
- 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
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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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