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Downtrend Broken Resist.Archive - 4/26/2024 - Sign In to see current Signals. |
Western Digital (WDC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Western Digital (WDC). During the week, the WDC gained 5.31 points, or 8.04%, and closed at 71.36 on Friday, April 26, 2024. Weekly volume was 79% above average. Long-term trend: [See WDC long-term trend chart] A long-term uptrend had started on December 22, 2022 at 29.73 and reached 76.92 on April 8, 2024. WDC gained -47.19 points, or -158.73%, in 67 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (35.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See WDC medium-term trend chart] A medium-term uptrend had started on October 26, 2023 at 35.62 and reached 76.92 on April 8, 2024. WDC gained -41.30 points, or -115.95%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 64.10 and resistance is at 81.73. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See WDC weekly technical indicators chart] Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help. The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See WDC short-term trend chart] A short-term downtrend had started on April 8, 2024 at 76.92 and reached 65.23 on April 25, 2024. WDC lost 11.69 points, or 15.20%, in 17 days. The price is now at the 52.44% retracement level. Daily Technical Indicators: [See WDC daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is below its signal line since April 12, 2024. This is an indication that the short-term trend is down. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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