WORKDAY INC. - 1H - Technical analysis published on 12/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 271.53 USD
My targets
256.40 USD (-3.37%)
249.99 USD (-5.79%)
My analysis
In the short term, we can see an acceleration in the bearish trend on WORKDAY INC., which is a positive signal for sellers. As long as the price remains above 271.53 USD, a sale could be considered. The first bearish objective is located at 256.40 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 249.99 USD as an objective. Crossing it would then enable sellers to target 235.58 USD. If the price were to return above 271.53 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.2
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Additional analysis
Quotes
The WORKDAY INC. price is 265.35 USD. The price is lower by -0.02% since the last closing and was between 264.75 USD and 268.88 USD. This implies that the price is at +0.23% from its lowest and at -1.31% from its highest.264.75
268.88
265.35
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of WORKDAY INC. in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 249.99 | 256.40 | 264.95 | 265.35 | 271.53 | 277.01 | 281.36 |
| Change (%) | -5.79% | -3.37% | -0.15% | - | +2.33% | +4.39% | +6.03% |
| Change | -15.36 | -8.95 | -0.40 | - | +6.18 | +11.66 | +16.01 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.03 | 258.94 | 262.17 | 267.08 | 270.31 | 275.22 | 278.45 |
| Camarilla | 263.15 | 263.90 | 264.64 | 265.39 | 266.14 | 266.88 | 267.63 |
| Woodie | 253.18 | 258.52 | 261.32 | 266.66 | 269.46 | 274.80 | 277.60 |
| Fibonacci | 258.94 | 262.05 | 263.97 | 267.08 | 270.19 | 272.11 | 275.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 242.39 | 252.53 | 262.78 | 272.92 | 283.17 | 293.31 | 303.56 |
| Camarilla | 267.43 | 269.30 | 271.17 | 273.04 | 274.91 | 276.78 | 278.65 |
| Woodie | 242.46 | 252.56 | 262.85 | 272.95 | 283.24 | 293.34 | 303.63 |
| Fibonacci | 252.53 | 260.32 | 265.13 | 272.92 | 280.71 | 285.52 | 293.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.92 | 206.33 | 228.16 | 253.57 | 275.40 | 300.81 | 322.64 |
| Camarilla | 237.00 | 241.33 | 245.66 | 249.99 | 254.32 | 258.65 | 262.98 |
| Woodie | 179.13 | 205.44 | 226.37 | 252.68 | 273.61 | 299.92 | 320.85 |
| Fibonacci | 206.33 | 224.38 | 235.52 | 253.57 | 271.62 | 282.76 | 300.81 |
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): | 39.13 | |
| MACD (12,26,9): | -2.0500 | |
| Directional Movement: | -10.78 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 266.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 273.89 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 273.46 | |
| Zig ZAG (10): | 265.45 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 13.97 | |
| TEMA (21): | 264.98 | |
| Williams %R (14): | -84.31 | |
| Chande Momentum Oscillator (20): | -9.92 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.32 |
| MA7: | 270.89 | |
| MA20: | 267.41 | |
| MA50: | 257.71 | |
| MA100: | 249.63 | |
| MAexp7: | 266.26 | |
| MAexp20: | 268.83 | |
| MAexp50: | 271.02 | |
| MAexp100: | 270.26 | |
| Price / MA7: | -2.05% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | +2.96% | |
| Price / MA100: | +6.30% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -1.29% | |
| Price / MAexp50: | -2.09% | |
| Price / MAexp100: | -1.82% |
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 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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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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