(WDAY) On The My Stocks Page

July 05, 2024, 13:12 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WDAY

• Buy WDAY slightly over 224.62 target 258.86 stop loss @ 223.97 Details

The technical summary data tells us to buy WDAY near 224.62 with an upside target of 258.86. This data also tells us to set a stop loss @ 223.97 to protect against excessive loss in case the stock begins to move against the trade. 224.62 is the first level of support below 227.385 , and by rule, any test of support is a buy signal. In this case, support 224.62 would be being tested, so a buy signal would exist.

• Short WDAY slightly under 258.86, target 224.62, stop loss @ 259.61 Details

The technical summary data is suggesting a short of WDAY as it gets near 258.86 with a downside target of 224.62. We should have a stop loss in place at 259.61though. 258.86 is the first level of resistance above 227.385, and by rule, any test of resistance is a short signal. In this case, if resistance 258.86 is being tested, so a short signal would exist.

Swing Trading Plans for WDAY

• Buy WDAY slightly over 229.37, target 258.86, Stop Loss @ 228.71 Details

If 229.37 begins to break higher, the technical summary data tells us to buy WDAY just slightly over 229.37, with an upside target of 258.86. The data also tells us to set a stop loss @ 228.71 in case the stock turns against the trade. 229.37 is the first level of resistance above 227.385, and by rule, any break above resistance is a buy signal. In this case, 229.37, 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 WDAY slightly near 229.37, target 224.62, Stop Loss @ 230.03. Details

The technical summary data is suggesting a short of WDAY if it tests 229.37 with a downside target of 224.62. We should have a stop loss in place at 230.03 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, 229.37, 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 WDAY

• Buy WDAY slightly over 229.37, target 258.86, Stop Loss @ 228.83 Details

If 229.37 begins to break higher, the technical summary data tells us to buy WDAY just slightly over 229.37, with an upside target of 258.86. The data also tells us to set a stop loss @ 228.83 in case the stock turns against the trade. 229.37 is the first level of resistance above 227.385, and by rule, any break above resistance is a buy signal. In this case, 229.37, 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 WDAY slightly near 229.37, target 225.8, Stop Loss @ 229.91. Details

The technical summary data is suggesting a short of WDAY if it tests 229.37 with a downside target of 225.8. We should have a stop loss in place at 229.91 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, 229.37, 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 Workday Inc. (WDAY) available here: WDAY.

WDAY Ratings for July 05:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	224.62
P2	225.8	224.59	258.86
P3	229.25	229.37	293.34

AI Generated Signals for WDAY

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Trading or Investing in Workday Inc. (NASDAQ: WDAY) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WDAY 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 WDAY 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 WDAY too.  All of these are offered below the Summary Table.