When the Price of (WDAY) Talks, People Listen

July 15, 2024, 11:46 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WDAY

• Buy WDAY slightly over 221.95 target 256.21 stop loss @ 221.31 Details

The technical summary data tells us to buy WDAY near 221.95 with an upside target of 256.21. This data also tells us to set a stop loss @ 221.31 to protect against excessive loss in case the stock begins to move against the trade. 221.95 is the first level of support below 233.27 , and by rule, any test of support is a buy signal. In this case, support 221.95 would be being tested, so a buy signal would exist.

• Short WDAY slightly under 256.21, target 221.95, stop loss @ 256.95 Details

The technical summary data is suggesting a short of WDAY as it gets near 256.21 with a downside target of 221.95. We should have a stop loss in place at 256.95though. 256.21 is the first level of resistance above 233.27, and by rule, any test of resistance is a short signal. In this case, if resistance 256.21 is being tested, so a short signal would exist.

Swing Trading Plans for WDAY

• Buy WDAY slightly over 256.21, target 290.69, Stop Loss @ 255.47 Details

If 256.21 begins to break higher, the technical summary data tells us to buy WDAY just slightly over 256.21, with an upside target of 290.69. The data also tells us to set a stop loss @ 255.47 in case the stock turns against the trade. 256.21 is the first level of resistance above 233.27, and by rule, any break above resistance is a buy signal. In this case, 256.21, 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 256.21, target 231.31, Stop Loss @ 256.95. Details

The technical summary data is suggesting a short of WDAY if it tests 256.21 with a downside target of 231.31. We should have a stop loss in place at 256.95 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, 256.21, 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 256.21, target 290.69, Stop Loss @ 255.61 Details

If 256.21 begins to break higher, the technical summary data tells us to buy WDAY just slightly over 256.21, with an upside target of 290.69. The data also tells us to set a stop loss @ 255.61 in case the stock turns against the trade. 256.21 is the first level of resistance above 233.27, and by rule, any break above resistance is a buy signal. In this case, 256.21, 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 256.21, target 231.31, Stop Loss @ 256.81. Details

The technical summary data is suggesting a short of WDAY if it tests 256.21 with a downside target of 231.31. We should have a stop loss in place at 256.81 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, 256.21, 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 15:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	221.95
P2	225.41	225.22	256.21
P3	230.19	231.31	290.69

AI Generated Signals for WDAY

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Workday Inc. (NASDAQ: WDAY) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for WDAY can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.