Western Digital Stock Technical Analysis
WDC Stock | USD 67.05 1.00 1.51% |
As of the 23rd of April, Western Digital maintains the Mean Deviation of 1.87, market risk adjusted performance of 0.2422, and Downside Deviation of 1.94. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Western Digital, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Western Digital, which can be compared to its peers. Please check out Western Digital jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Western Digital is priced fairly, providing market reflects its latest price of 67.05 per share. Given that Western Digital has jensen alpha of 0.251, we strongly advise you to confirm Western Digital's prevalent market performance to make sure the company can sustain itself at a future point.
Western Digital Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Western, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WesternWestern |
Western Digital Analyst Consensus
Target Price | Advice | # of Analysts | |
47.84 | Strong Buy | 26 | Odds |
Most Western analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Western stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Western Digital, talking to its executives and customers, or listening to Western conference calls.
Western Digital technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Western Digital Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Western Digital volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Western Digital Trend Analysis
Use this graph to draw trend lines for Western Digital. You can use it to identify possible trend reversals for Western Digital as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Western Digital price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Western Digital Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Western Digital applied against its price change over selected period. The best fit line has a slop of 0.28 , which may imply that Western Digital will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 3011.32, which is the sum of squared deviations for the predicted Western Digital price change compared to its average price change.About Western Digital Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Western Digital on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Western Digital based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Western Digital price pattern first instead of the macroeconomic environment surrounding Western Digital. By analyzing Western Digital's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Western Digital's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Western Digital specific price patterns or momentum indicators. Please read more on our technical analysis page.
2016 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006644 | 0.006633 | 0.007627 | 0.007246 | Price To Sales Ratio | 0.72 | 0.98 | 0.88 | 0.56 |
Western Digital April 23, 2024 Technical Indicators
Most technical analysis of Western help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Western from various momentum indicators to cycle indicators. When you analyze Western charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1049 | |||
Market Risk Adjusted Performance | 0.2422 | |||
Mean Deviation | 1.87 | |||
Semi Deviation | 1.69 | |||
Downside Deviation | 1.94 | |||
Coefficient Of Variation | 627.55 | |||
Standard Deviation | 2.39 | |||
Variance | 5.73 | |||
Information Ratio | 0.1237 | |||
Jensen Alpha | 0.251 | |||
Total Risk Alpha | 0.0766 | |||
Sortino Ratio | 0.1523 | |||
Treynor Ratio | 0.2322 | |||
Maximum Drawdown | 10.97 | |||
Value At Risk | (3.32) | |||
Potential Upside | 4.33 | |||
Downside Variance | 3.78 | |||
Semi Variance | 2.86 | |||
Expected Short fall | (2.17) | |||
Skewness | 0.6338 | |||
Kurtosis | 0.5247 |
Western Digital April 23, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Western stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 235,437 | ||
Daily Balance Of Power | 0.43 | ||
Rate Of Daily Change | 1.02 | ||
Day Median Price | 67.03 | ||
Day Typical Price | 67.03 | ||
Price Action Indicator | 0.52 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.Note that the Western Digital information on this page should be used as a complementary analysis to other Western Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Western Stock analysis
When running Western Digital's price analysis, check to measure Western Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Digital is operating at the current time. Most of Western Digital's value examination focuses on studying past and present price action to predict the probability of Western Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Digital's price. Additionally, you may evaluate how the addition of Western Digital to your portfolios can decrease your overall portfolio volatility.
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Is Western Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Digital. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (7.26) | Revenue Per Share 35.014 | Quarterly Revenue Growth (0.41) | Return On Assets (0.04) |
The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Digital's market value can be influenced by many factors that don't directly affect Western Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.