WDC breaks below 200-day moving average


Western Digital (WDC) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

WDC breaks below 200-day moving average
WDC closes below its opening price unable to hold early session gains
WDC fails to close above 100-day moving average
WDC closes within previous day's range
WDC ends the day indecisive

Overview

WDC ended Thursday at 86.52 losing $0.50 (-0.57%). Trading $0.95 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (WDC as at May 17, 2018):

Daily technical analysis candlestick chart for Western Digital (WDC) as at May 17, 2018

Thursday's trading range was $2.01 (2.32%), that's slightly below last trading month's daily average range of $2.67. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

After moving higher in the previous session, the share closed lower but above the prior day's open today, forming a bearish Harami Candle.

After spiking up to 87.71 during the day, the market found resistance at the 100-day moving average at 87.36.

Western Digital shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. WDC broke below the 200-day moving average at 86.61 today for the first time since April 27th.


Market Conditions for WDC as at May 17, 2018

Loading Market Conditions for WDC (Western Digital)...
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