Western Digital (NYSE: WDC) is Testing Converted Resistance

Western Digital (NYSE: WDC) is Testing Longer Term Converted Resistance, after breaking lower.  This is former support.

Sign Up for Free Trial

Technical Summary

Term →Near Mid Long
Bias Weak Weak Neutral
P1 75.64 73.19 77.07
P2 77.37 88.79 89.05
P3 79.59 104.72 101.25

Long Term Trading Plans for WDC

May 7, 2018, 9:10 am ET

The technical Summary and associated Trading Plans for WDC listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for WDC. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

WDC - (Long) Support Plan

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breask higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

WDC - (Short) Resistance Plan

Short under 77.07, target n/a, stop loss @ 77.33.
The technical summary data is suggesting a short of WDC as it gets near 77.07, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 77.33. 77.07 is the first level of resistance above 76.98, and by rule, any test of resistance is a short signal. In this case, if resistance 77.07 is being tested, so a short signal would exist.


WDC Long Term Analysis


WDC EPS Analysis

WDC Revenue chart

WDC Growth rate - Quarterly

WDC Growth rate - Yearly

WDC PE chart

WDC PEG chart

share_linkedin