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 WDC
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Stronger technical forecast for Western Digital Corporation stock price after Friday trading.
(Updated on Jul 19, 2024)

Hold candidate since Jul 19, 2024 PDF

The Western Digital Corporation stock price fell by -0.598% on the last day (Friday, 19th Jul 2024) from $70.24 to $69.82. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.53% from a day low at $69.21 to a day high of $71.65. The price has fallen in 6 of the last 10 days and is down by -9.52% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 4 million shares were bought and sold for approximately $298.17 million.

Given the current short-term trend, the stock is expected to rise 10.18% during the next 3 months and, with a 90% probability hold a price between $76.93 and $89.36 at the end of this 3-month period.

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WDC Signals & Forecast

There are few to no technical positive signals at the moment. The Western Digital Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $74.91 and $76.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 10, 2024, and so far it has fallen -12.99%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Western Digital Corporation stock

Western Digital Corporation finds support from accumulated volume at $69.55 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 $2.45 between high and low, or 3.53%. For the last week, the stock has had daily average volatility of 3.96%.

Our recommended stop-loss: $66.44 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (WDC) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Western Digital Corporation to open at $70.23, and during the day (based on 14 day Average True Range), to move between $67.26 and $72.38, which gives a possible trading interval of +/-$2.56 (+/-3.67%) up or down from last closing price. If Western Digital Corporation takes out the full calculated possible swing range there will be an estimated 7.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $69.55 (0.39%) than the resistance at $71.36 (2.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Western Digital Corporation stock A Buy?

Western Digital Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.165 Hold/Accumulate Upgraded

Predicted Opening Price for Western Digital Corporation of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$70.23 ( 0.580%) $69.82

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

Trading levels for WDC

Fibonacci Support & Resistance Levels

Level Price
R3 72.67 4.08%
R2 71.74 2.74%
R1 71.16 1.92%
Price 69.82
S1 69.29 -0.758%
S2 68.71 -1.58%
S3 67.78 -2.92%

Accumulated Volume Support & Resistance Levels

Level Price
R3 75.77 8.52%
R2 71.79 2.82%
R1 71.36 2.21%
Price 69.82
S1 69.55 -0.387%
S2 69.44 -0.544%
S3 67.05 -3.97%

WDC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2020 Apr 02, 2020 Apr 17, 2020 $0.500 1.18%
2 Nov 14, 2019 Jan 02, 2020 Jan 21, 2020 $0.500 0.727%
3 Aug 07, 2019 Oct 03, 2019 Oct 22, 2019 $0.500 0.85%
4 May 02, 2019 Jun 27, 2019 Jul 15, 2019 $0.500 0.92%
5 Feb 14, 2019 Mar 28, 2019 Apr 15, 2019 $0.500 0.96%

FAQ

What is the symbol for Western Digital Corporation Stock and on which exchange is it traded?
The symbol for Western Digital Corporation is WDC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Western Digital Corporation Stock?
Western Digital Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Western Digital Corporation Stock?
As of the end of day on the Jul 19, 2024, the price of an Western Digital Corporation (WDC) share was $69.82.

What is the 52-week high and low for Western Digital Corporation Stock?
The 52-week high for Western Digital Corporation Stock is $81.55 and the 52-week low is $35.62.

What is the market capitalization of Western Digital Corporation Stock?
As of the Jul 19, 2024, the market capitalization of Western Digital Corporation is 22.798B.

When is the next earnings date for Western Digital Corporation?
The upcoming earnings date for Western Digital Corporation is Jul 31, 2024.
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About Western Digital Corporation

Western Digital Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded... WDC Profile

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