(WDC) Trading Report

May 27, 2024, 21:34 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WDC

• Buy WDC slightly over 68.7 target 75.45 stop loss @ 68.5 Details

The technical summary data tells us to buy WDC near 68.7 with an upside target of 75.45. This data also tells us to set a stop loss @ 68.5 to protect against excessive loss in case the stock begins to move against the trade. 68.7 is the first level of support below 74.81 , and by rule, any test of support is a buy signal. In this case, support 68.7 is being tested, a buy signal would exist.

• Short WDC slightly under 75.45, target 68.7, stop loss @ 75.67 Details

The technical summary data is suggesting a short of WDC as it gets near 75.45 with a downside target of 68.7. We should have a stop loss in place at 75.67though. 75.45 is the first level of resistance above 74.81, and by rule, any test of resistance is a short signal. In this case, if resistance 75.45 is being tested, a short signal would exist.

Swing Trading Plans for WDC

• Buy WDC slightly over 75.45, target 76.28, Stop Loss @ 75.23 Details

If 75.45 begins to break higher, the technical summary data tells us to buy WDC just slightly over 75.45, with an upside target of 76.28. The data also tells us to set a stop loss @ 75.23 in case the stock turns against the trade. 75.45 is the first level of resistance above 74.81, and by rule, any break above resistance is a buy signal. In this case, 75.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WDC slightly near 75.45, target 73.6, Stop Loss @ 75.67. Details

The technical summary data is suggesting a short of WDC if it tests 75.45 with a downside target of 73.6. We should have a stop loss in place at 75.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WDC

• Buy WDC slightly over 75.45, target 75.76, Stop Loss @ 75.27 Details

If 75.45 begins to break higher, the technical summary data tells us to buy WDC just slightly over 75.45, with an upside target of 75.76. The data also tells us to set a stop loss @ 75.27 in case the stock turns against the trade. 75.45 is the first level of resistance above 74.81, and by rule, any break above resistance is a buy signal. In this case, 75.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WDC slightly near 75.45, target 74.28, Stop Loss @ 75.63. Details

The technical summary data is suggesting a short of WDC if it tests 75.45 with a downside target of 74.28. We should have a stop loss in place at 75.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Western Digital Corporation (WDC) available here: WDC.

WDC Ratings for May 27:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	62.19
P2	74.28	73.6	68.7
P3	75.76	76.28	75.45

AI Generated Signals for WDC

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Western Digital Corporation (NYSE: WDC) while incorporating prudent risk controls. 

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WDC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if WDC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for WDC too.  All of these are offered below the Summary Table.