WESTERN DIGITAL

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	WDC
ISIN:

WESTERN DIGITAL - Daily - Technical analysis published on 10/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 61.54 USD

My targets

55.32 USD (-2.40%)

49.47 USD (-12.72%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 61.54 USD remains possible. It is advisable to trade WESTERN DIGITAL with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 61.54 USD. The next bearish objective for sellers is set at 55.32 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 49.47 USD. In case of crossing, the next objective would be the support located at 46.50 USD. PS: if there is a bullish break in the resistance located at 61.54 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.1

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

WESTERN DIGITAL rating 56.68 USD. On the day, this instrument lost -0.21% and was between 56.56 USD and 58.92 USD. This implies that the price is at +0.21% from its lowest and at -3.80% from its highest.

56.56

58.92

56.68

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WESTERN DIGITAL:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of WESTERN DIGITAL indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	46.50	49.47	55.32	56.68	64.49	70.93	77.04
Change (%)	-17.96%	-12.72%	-2.40%	-	+13.78%	+25.14%	+35.92%
Change	-10.18	-7.21	-1.36	-	+7.81	+14.25	+20.36
Level	Major	Intermediate	Major	-	Major	Major	Major

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	54.43	54.93	55.87	56.37	57.31	57.81	58.75
Camarilla	56.40	56.54	56.67	56.80	56.93	57.06	57.20
Woodie	54.64	55.04	56.08	56.48	57.52	57.92	58.96
Fibonacci	54.93	55.48	55.82	56.37	56.92	57.26	57.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.00	51.80	53.61	55.41	57.22	59.02	60.83
Camarilla	54.42	54.75	55.08	55.41	55.74	56.07	56.40
Woodie	50.00	51.80	53.61	55.41	57.22	59.02	60.83
Fibonacci	51.80	53.18	54.03	55.41	56.79	57.64	59.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.26	50.37	53.40	58.51	61.54	66.65	69.68
Camarilla	54.20	54.95	55.69	56.44	57.19	57.93	58.68
Woodie	44.23	49.85	52.37	57.99	60.51	66.13	68.65
Fibonacci	50.37	53.48	55.40	58.51	61.62	63.54	66.65

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):	51.32
MACD (12,26,9):	-0.6700
Directional Movement:	5.25
AROON (14):	57.14
DEMA (21):	55.54
Parabolic SAR (0,02-0,02-0,2):	53.61
Elder Ray (13):	1.68
Super Trend (3,10):	59.99
Zig ZAG (10):	57.25
VORTEX (21):	1.0000
Stochastique (14,3,5):	67.99
TEMA (21):	56.02
Williams %R (14):	-35.78
Chande Momentum Oscillator (20):	0.52
Repulse (5,40,3):	1.1400
ROCnROLL:	-1
TRIX (15,9):	-0.2500
Courbe Coppock:	3.74

MA7:	56.16
MA20:	56.51
MA50:	58.61
MA100:	63.74
MAexp7:	56.28
MAexp20:	56.65
MAexp50:	58.83
MAexp100:	61.36
Price / MA7:	+0.93%
Price / MA20:	+0.30%
Price / MA50:	-3.29%
Price / MA100:	-11.08%
Price / MAexp7:	+0.71%
Price / MAexp20:	+0.05%
Price / MAexp50:	-3.65%
Price / MAexp100:	-7.63%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on WESTERN DIGITAL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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