RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WDAY
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Workday Inc stock price ended at $228.99 on Monday, after gaining 0.659%.
(Updated on Jul 22, 2024)

Sell candidate since Jul 19, 2024 Gain 0.66% PDF

The Workday Inc stock price gained 0.659% on the last trading day (Monday, 22nd Jul 2024), rising from $227.49 to $228.99. During the last trading day the stock fluctuated 1.92% from a day low at $225.61 to a day high of $229.94. The price has been going up and down for this period, and there has been a 1.08% gain for the last 2 weeks. Volume fell on the last day by -452 thousand shares and in total, 2 million shares were bought and sold for approximately $519.67 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $233.33 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.07% during the next 3 months and, with a 90% probability hold a price between $167.52 and $202.84 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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WDAY Signals & Forecast

The Workday Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $230.97. On a fall, the stock will find some support from the long-term average at approximately $220.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -2.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Workday Inc stock

Workday Inc finds support from accumulated volume at $220.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.33 (1.92%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WDAY) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Workday Inc to open at $228.18, and during the day (based on 14 day Average True Range), to move between $223.63 and $234.35, which gives a possible trading interval of +/-$5.36 (+/-2.34%) up or down from last closing price. If Workday Inc takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $220.91 (3.53%) than the resistance at $250.85 (9.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Workday Inc stock A Buy?

Workday Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.658 Sell Candidate Unchanged

Predicted Opening Price for Workday Inc of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$228.18 ( 0.354%) $228.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WDAY

Fibonacci Support & Resistance Levels

Level Price
R3 232.51 1.54%
R2 230.86 0.81%
R1 229.83 0.369%
Price 228.99
S1 226.53 -1.08%
S2 225.50 -1.52%
S3 223.85 -2.24%

Accumulated Volume Support & Resistance Levels

Level Price
R3 260.90 13.94%
R2 255.78 11.70%
R1 250.85 9.55%
Price 228.99
S1 220.91 -3.53%
S2 215.44 -5.92%
S3 207.44 -9.41%

FAQ

What is the symbol for Workday Inc Stock and on which exchange is it traded?
The symbol for Workday Inc is WDAY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Workday Inc Stock?
Workday Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Workday Inc Stock?
Workday Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Workday Inc Stock.

What's the current price of Workday Inc Stock?
As of the end of day on the Jul 22, 2024, the price of an Workday Inc (WDAY) share was $228.99.

What is the 52-week high and low for Workday Inc Stock?
The 52-week high for Workday Inc Stock is $311.26 and the 52-week low is $202.01.

What is the market capitalization of Workday Inc Stock?
As of the Jul 22, 2024, the market capitalization of Workday Inc is 60.682B.

When is the next earnings date for Workday Inc?
The upcoming earnings date for Workday Inc is Aug 22, 2024.
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About Workday Inc

Workday Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identi... WDAY Profile

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