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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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Stock Analysis
Risk Assessment
Trading Strategy

Green day on Friday for Workday Inc
(Updated on Dec 01, 2023)

Buy or Hold candidate since Nov 28, 2023 Gain 15.00% PDF
The Workday Inc stock price gained 0.81% on the last trading day (Friday, 1st Dec 2023), rising from $270.72 to $272.92. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.76% from a day low at $266.28 to a day high of $273.63. The price has risen in 6 of the last 10 days and is up by 17.66% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $720.07 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.

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Given the current horizontal trend, you can expect Workday Inc stock with a 90% probability to be traded between $202.40 and $270.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.

WDAY Signals & Forecast

Mostly positive signals in the chart today. The Workday Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $250.17 and $225.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, October 05, 2023, and so far it has risen 33.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

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Support, Risk & Stop-loss for Workday Inc stock

Workday Inc finds support from accumulated volume at $270.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $7.35 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 3.30%.

The Workday Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $265.33 (-2.78%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (WDAY) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Workday Inc to open at $270.94, and during the day (based on 14 day Average True Range), to move between $265.74 and $280.10, which gives a possible trading interval of +/-$7.18 (+/-2.63%) up or down from last closing price. If Workday Inc takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $270.72, some $2.20 (0.81%) from the current price of $272.92, our system finds the risk reward attractive.

Is Workday Inc stock A Buy?

Workday Inc holds several positive signals and is considered to be a good choice at current levels. We expect the Workday Inc stock to perform great in the short-term period.

Current score: 5.399 Open Broker Account

Strong Buy Candidate Unchanged

Predicted Opening Price for Workday Inc of Monday, December 4, 2023

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

Fair opening price December 4, 2023 Current price
$270.94 $272.92 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 278.29 1.97 %
R2 275.49 0.94 %
R1 273.75 0.304 %
Current price: 272.92
Support S1 268.14 -1.75 %
S2 266.40 -2.39 %
S3 263.59 -3.42 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 272.92
Support S1 270.72 -0.81%
S2 263.49 -3.46%
S3 211.22 -22.61%
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 positive signals and is considered to be a good choice at current levels. We expect the Workday Inc stock to perform great in the short-term period.

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 2023-12-01, the price of an Workday Inc (WDAY) share was $272.92.

What is the 52-week high and low for Workday Inc Stock?
The 52-week high for Workday Inc Stock is $273.63 and the 52-week low is $157.85.

What is the market capitalization of Workday Inc Stock?
As of the 2023-12-01, the market capitalization of Workday Inc is 70.929B.

When is the next earnings date for Workday Inc?
The upcoming earnings date for Workday Inc is 2023-12-05 23:00:00.

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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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