WORKDAY INC. - Daily - Technical analysis published on 03/14/2024 (GMT)
- 89
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 281.36 USD
My targets
252.21 USD (-6.19%)
223.69 USD (-16.80%)
My analysis
The strong short-term decrease of WORKDAY INC. should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 281.36 USD, a sale could be considered. The first bearish objective is located at 252.21 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 223.69 USD. If there is any crossing, the next objective would be support 205.43 USD. Caution, if there is a return to above 281.36 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
2.7
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.
This analysis was given by PawelBodytko. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WORKDAY INC. rating is 268.86 USD. The price registered a decrease of -0.32% on the session and was traded between 267.83 USD and 271.29 USD over the period. The price is currently at +0.38% from its lowest and -0.90% from its highest.267.83
271.29
268.86
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WORKDAY INC. in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 223.69 | 252.21 | 265.86 | 268.86 | 281.36 | 300.90 |
| Change (%) | -16.80% | -6.19% | -1.12% | - | +4.65% | +11.92% |
| Change | -45.17 | -16.65 | -3.00 | - | +12.50 | +32.04 |
| Level | Major | Major | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 264.25 | 266.64 | 268.18 | 270.57 | 272.11 | 274.50 | 276.04 |
| Camarilla | 268.65 | 269.01 | 269.37 | 269.73 | 270.09 | 270.45 | 270.81 |
| Woodie | 263.84 | 266.43 | 267.77 | 270.36 | 271.70 | 274.29 | 275.63 |
| Fibonacci | 266.64 | 268.14 | 269.07 | 270.57 | 272.07 | 273.00 | 274.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 241.33 | 251.95 | 258.13 | 268.75 | 274.93 | 285.55 | 291.73 |
| Camarilla | 259.70 | 261.24 | 262.78 | 264.32 | 265.86 | 267.40 | 268.94 |
| Woodie | 239.12 | 250.84 | 255.92 | 267.64 | 272.72 | 284.44 | 289.52 |
| Fibonacci | 251.95 | 258.36 | 262.33 | 268.75 | 275.16 | 279.13 | 285.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.78 | 270.21 | 282.43 | 296.86 | 309.08 | 323.51 | 335.73 |
| Camarilla | 287.33 | 289.77 | 292.22 | 294.66 | 297.10 | 299.55 | 301.99 |
| Woodie | 254.69 | 269.66 | 281.34 | 296.31 | 307.99 | 322.96 | 334.64 |
| Fibonacci | 270.21 | 280.39 | 286.68 | 296.86 | 307.04 | 313.33 | 323.51 |
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): | 35.89 | |
| MACD (12,26,9): | -6.9200 | |
| Directional Movement: | -16.51 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 272.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 283.09 | |
| Elder Ray (13): | -6.22 | |
| Super Trend (3,10): | 290.04 | |
| Zig ZAG (10): | 269.50 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 15.48 | |
| TEMA (21): | 264.15 | |
| Williams %R (14): | -85.47 | |
| Chande Momentum Oscillator (20): | -25.41 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 22.15 |
| MA7: | 267.55 | |
| MA20: | 285.93 | |
| MA50: | 287.02 | |
| MA100: | 266.17 | |
| MAexp7: | 270.68 | |
| MAexp20: | 280.00 | |
| MAexp50: | 281.23 | |
| MAexp100: | 269.62 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | -5.97% | |
| Price / MA50: | -6.33% | |
| Price / MA100: | +1.01% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -3.98% | |
| Price / MAexp50: | -4.40% | |
| Price / MAexp100: | -0.28% |
Quotes :
-
15 min delayed data
-
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 Promotes Doug Robinson to Co-President and Barbara Larson to Chief Financial Officer
- Workday Announces Fiscal 2022 Third Quarter Financial Results
- Workday Announces Intent to Acquire VNDLY
- 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
Online
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…
Add a comment
Comments
0 comments on the analysis WORKDAY INC. - Daily