Londinia Opportunities Analyses - 12/19/2024 (GMT) WESTERN DIGITAL - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	WDC
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

78%

17%

My opinion

Bearish under 60.77 USD

My targets

58.28 USD (-2.72%)

56.25 USD (-6.11%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WESTERN DIGITAL as long as the price remains well below 60.77 USD. The sellers' bearish objective is set at 58.28 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 56.25 USD. In case of crossing, the next objective would be the support located at 44.64 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.4

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.

Additional analysis

Quotes

WESTERN DIGITAL rating 59.91 USD. On the day, this instrument lost -5.71% and was between 59.50 USD and 62.23 USD. This implies that the price is at +0.69% from its lowest and at -3.73% from its highest.

59.50

62.23

59.91

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WESTERN DIGITAL in 1H shows a overall strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.56	44.64	56.25	59.91	60.77	62.82	64.60
Change (%)	-48.99%	-25.49%	-6.11%	-	+1.44%	+4.86%	+7.83%
Change	-29.35	-15.27	-3.66	-	+0.86	+2.91	+4.69
Level	Major	Intermediate	Major	-	Minor	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.93	60.51	62.03	64.61	66.13	68.71	70.23
Camarilla	62.41	62.79	63.16	63.54	63.92	64.29	64.67
Woodie	57.39	60.25	61.49	64.35	65.59	68.45	69.69
Fibonacci	60.51	62.08	63.05	64.61	66.18	67.15	68.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.53	60.11	62.62	67.20	69.71	74.29	76.80
Camarilla	63.17	63.82	64.47	65.12	65.77	66.42	67.07
Woodie	54.49	59.59	61.58	66.68	68.67	73.77	75.76
Fibonacci	60.11	62.82	64.50	67.20	69.91	71.59	74.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.28	58.28	65.64	69.64	77.00	81.00	88.36
Camarilla	69.87	70.91	71.95	72.99	74.03	75.07	76.11
Woodie	55.95	59.12	67.31	70.48	78.67	81.84	90.03
Fibonacci	58.28	62.62	65.30	69.64	73.98	76.66	81.00

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):	22.49
MACD (12,26,9):	-1.7000
Directional Movement:	-32.11
AROON (14):	-85.72
DEMA (21):	60.85
Parabolic SAR (0,02-0,02-0,2):	63.98
Elder Ray (13):	-2.01
Super Trend (3,10):	62.64
Zig ZAG (10):	59.90
VORTEX (21):	0.7000
Stochastique (14,3,5):	5.81
TEMA (21):	60.09
Williams %R (14):	-94.42
Chande Momentum Oscillator (20):	-6.65
Repulse (5,40,3):	-0.7700
ROCnROLL:	2
TRIX (15,9):	-0.2600
Courbe Coppock:	14.25

MA7:	64.92
MA20:	68.70
MA50:	67.37
MA100:	65.57
MAexp7:	60.82
MAexp20:	62.92
MAexp50:	65.27
MAexp100:	66.93
Price / MA7:	-7.72%
Price / MA20:	-12.79%
Price / MA50:	-11.07%
Price / MA100:	-8.63%
Price / MAexp7:	-1.50%
Price / MAexp20:	-4.78%
Price / MAexp50:	-8.21%
Price / MAexp100:	-10.49%

Quotes : - 15 min delayed data - Actions NASDAQ

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: