|
|
Uptrend SupportArchive
- 5/10/2024 -
Sign In to see current Signals. |
Western Digital (WDC) Technical Analysis
|
 |
| 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 climbed 0.65 points, or 0.92%, and closed at 71.60 on Friday, May 10, 2024. Weekly volume was -11% below 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 (35.23) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 68.16 and resistance is at 85.10. 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 uptrend had started on April 25, 2024 at 65.23 and reached 73.83 on May 6, 2024. WDC gained -8.60 points, or -13.18%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See WDC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low and getting smaller.
| |
|
|