WESTERN DIGITAL - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 55.34 USD
My targets
60.82 USD (+2.18%)
64.70 USD (+8.70%)
My analysis
The basic bullish trend is very strong on WESTERN DIGITAL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 55.34 USD. Crossing the first resistance at 60.82 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 64.70 USD as an objective. Crossing it would then enable buyers to target 76.94 USD. Caution, a return to below 55.34 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WESTERN DIGITAL rating is 59.52 USD. The price registered an increase of +3.24% on the session with the lowest point at 58.24 USD and the highest point at 60.23 USD. The deviation from the price is +2.20% for the low point and -1.18% for the high point.58.24
60.23
59.52
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this WESTERN DIGITAL chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.66 | 52.66 | 55.34 | 59.52 | 60.82 | 64.70 | 76.94 |
| Change (%) | -16.57% | -11.53% | -7.02% | - | +2.18% | +8.70% | +29.27% |
| Change | -9.86 | -6.86 | -4.18 | - | +1.30 | +5.18 | +17.42 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.73 | 56.30 | 56.98 | 57.55 | 58.23 | 58.80 | 59.48 |
| Camarilla | 57.31 | 57.42 | 57.54 | 57.65 | 57.77 | 57.88 | 57.99 |
| Woodie | 55.78 | 56.33 | 57.03 | 57.58 | 58.28 | 58.83 | 59.52 |
| Fibonacci | 56.30 | 56.78 | 57.08 | 57.55 | 58.03 | 58.33 | 58.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.73 | 55.00 | 56.56 | 58.83 | 60.39 | 62.66 | 64.22 |
| Camarilla | 57.08 | 57.43 | 57.78 | 58.13 | 58.48 | 58.83 | 59.18 |
| Woodie | 52.39 | 54.82 | 56.22 | 58.65 | 60.05 | 62.48 | 63.88 |
| Fibonacci | 55.00 | 56.46 | 57.36 | 58.83 | 60.29 | 61.19 | 62.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.20 | 51.15 | 55.40 | 60.35 | 64.60 | 69.55 | 73.80 |
| Camarilla | 57.11 | 57.95 | 58.80 | 59.64 | 60.48 | 61.33 | 62.17 |
| Woodie | 45.84 | 50.98 | 55.04 | 60.18 | 64.24 | 69.38 | 73.44 |
| Fibonacci | 51.15 | 54.67 | 56.84 | 60.35 | 63.87 | 66.04 | 69.55 |
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): | 52.24 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | 0.57 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 58.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.01 | |
| Elder Ray (13): | 0.44 | |
| Super Trend (3,10): | 62.07 | |
| Zig ZAG (10): | 59.52 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 57.59 | |
| TEMA (21): | 58.21 | |
| Williams %R (14): | -27.59 | |
| Chande Momentum Oscillator (20): | 4.00 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.35 |
| MA7: | 58.83 | |
| MA20: | 58.48 | |
| MA50: | 59.00 | |
| MA100: | 53.74 | |
| MAexp7: | 58.77 | |
| MAexp20: | 58.90 | |
| MAexp50: | 58.03 | |
| MAexp100: | 55.38 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | +1.78% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +10.76% | |
| Price / MAexp7: | +1.28% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +2.57% | |
| Price / MAexp100: | +7.48% |
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:
- Western Digital to Announce First Quarter Financial Results on October 30, 2019
- Give the Gift of Memories This Holiday Season With ibi
- DDN Announces Acquisition of IntelliFlash Enterprise Storage Business Unit from Western Digital
- Western Digital Announces Sale of IntelliFlash Business to DDN and Intention to Exit Storage Systems
- Western Digital Enables Industry 4.0 Transition With High-Endurance Storage Solutions for Industrial-Grade AI, ML and IoT Applications
This member declared not having a position on this financial instrument or a related financial instrument.
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