WORKDAY INC. - 1H - Technical analysis published on 09/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 265.93 USD
My targets
256.26 USD (-2.68%)
246.39 USD (-6.43%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WORKDAY INC. as long as the price remains well below 265.93 USD. The sellers' bearish objective is set at 256.26 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 246.39 USD. In case of crossing, the next objective would be the support located at 230.59 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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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 WORKDAY INC. price is 263.33 USD. The price is lower by -1.90% since the last closing with the lowest point at 262.21 USD and the highest point at 266.88 USD. The deviation from the price is +0.43% for the low point and -1.33% for the high point.262.21
266.88
263.33
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of WORKDAY INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 224.30 | 230.59 | 246.39 | 263.33 | 265.93 | 271.15 | 275.07 |
| Change (%) | -14.82% | -12.43% | -6.43% | - | +0.99% | +2.97% | +4.46% |
| Change | -39.03 | -32.74 | -16.94 | - | +2.60 | +7.82 | +11.74 |
| Level | Major | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 261.83 | 263.86 | 266.15 | 268.18 | 270.47 | 272.50 | 274.79 |
| Camarilla | 267.24 | 267.64 | 268.03 | 268.43 | 268.83 | 269.22 | 269.62 |
| Woodie | 261.95 | 263.93 | 266.27 | 268.25 | 270.59 | 272.57 | 274.91 |
| Fibonacci | 263.86 | 265.51 | 266.53 | 268.18 | 269.83 | 270.85 | 272.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 249.95 | 256.26 | 262.35 | 268.66 | 274.75 | 281.06 | 287.15 |
| Camarilla | 265.02 | 266.16 | 267.29 | 268.43 | 269.57 | 270.70 | 271.84 |
| Woodie | 249.83 | 256.21 | 262.23 | 268.61 | 274.63 | 281.01 | 287.03 |
| Fibonacci | 256.26 | 261.00 | 263.93 | 268.66 | 273.40 | 276.33 | 281.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 194.61 | 211.34 | 242.25 | 258.98 | 289.89 | 306.62 | 337.53 |
| Camarilla | 260.06 | 264.43 | 268.79 | 273.16 | 277.53 | 281.89 | 286.26 |
| Woodie | 201.70 | 214.89 | 249.34 | 262.53 | 296.98 | 310.17 | 344.62 |
| Fibonacci | 211.34 | 229.54 | 240.78 | 258.98 | 277.18 | 288.42 | 306.62 |
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): | 39.61 | |
| MACD (12,26,9): | -1.1500 | |
| Directional Movement: | -13.82 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 266.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 269.68 | |
| Elder Ray (13): | -2.31 | |
| Super Trend (3,10): | 271.96 | |
| Zig ZAG (10): | 264.64 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 21.79 | |
| TEMA (21): | 265.58 | |
| Williams %R (14): | -66.35 | |
| Chande Momentum Oscillator (20): | -5.25 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.41 |
| MA7: | 268.50 | |
| MA20: | 270.42 | |
| MA50: | 250.19 | |
| MA100: | 241.49 | |
| MAexp7: | 265.82 | |
| MAexp20: | 267.38 | |
| MAexp50: | 268.29 | |
| MAexp100: | 267.35 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | -2.62% | |
| Price / MA50: | +5.25% | |
| Price / MA100: | +9.04% | |
| Price / MAexp7: | -0.94% | |
| Price / MAexp20: | -1.51% | |
| Price / MAexp50: | -1.85% | |
| Price / MAexp100: | -1.50% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on WORKDAY INC. at the time of the analysis were as follows:
- Workday Announces Nearly 1,000 Customers Are Live on Skills Cloud
- Workday and Deloitte Global CIO Survey: CIO-CFO Collaboration Fuels Business Transformation
- Workday Announces Financial Analyst Day
- Workday Announces Intent to Acquire Zimit
- Workday Announces Fiscal 2022 Second Quarter Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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