Trading Signals: WDAY Stock Price Prediction and Forecast

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Thu. Jun. 15, 2023

Trading Signals: WDAY Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Oct. 27, 2023)

(Workday Inc)
WDAY latest price $224.3100 (4.84%) ($216.0000 - $224.7400) on Thu. Jun. 15, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.15% (three month average)
RSI   71
Latest Price   $224.3100(4.84%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   WDAY advances 2% a day on average for past five trading days.
Weekly Trend   WDAY advances 1.2% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Normal for small cap.
Correlated ETFs   Broad market will support WDAY advance at 0% a week (0% probability)
SKYY(63%)    QQQ(59%)    IWF(58%)    VUG(58%)    IVW(56%)
Factors Impacting WDAY price   WDAY will decline at least -1.075% in a week (0% probabilities).
VIXM(-37%)    VXX(-30%)    TBT(-27%)    UUP(-15%)    EDOC(-12%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.075% (StdDev 2.15%)
Hourly BBV 0 ()
Intraday Trend 3.8%

5 Day Moving Average   $211.24(6.19%)
10 Day Moving Average   $211.66(5.98%)
20 Day Moving Average   $206.17(8.8%)
To recent high   0%
To recent low   26.1%
Market Cap   $52.713b

Workday, Inc. engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management, and analytics applications designed for companies, educational institutions, and government agencies. The company was founded by David A. Duffield and Aneel Bhusri in March 2005 and is headquartered in Pleasanton, CA.

$. WDAY price fluctuates within 4.26% (three month std-dev: 2.15%) daily (68% of days).

Sample size 50 Average positive next day return: 1.79%(44%) Average negative next day return: -1.67%(56%) Sample size 50 Average positive next three day return: 4.03%(46%) Average negative next three day return: -2.74%(54%) Sample size 50 Average positive next weekly return: 8.04%(42%) Average negative next weekly return: -4.03%(58%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_15_2023	191.46	206.17	211.66	211.24	212.17	217.12	224.31(4.84%)	UT	OpenLong	75	1.5	180	180	202	115	2.55	67%	0.39	82.2	2.15%	0	2.1	71	1.2
2	Jun_13_2023	190.72	204.23	210.29	207.06	208	211.76	213.95(2.13%)	UT	OpenLong	75	0.7	133	140	148	87	1.3	65%	0.2	68	2.05%	1.3	1	69	1.3
3	Jun_12_2023	190.33	202.82	209.76	207.27	205.35	207.23	209.5(2.25%)	UT	OpenLong	75	0.2	57	40	53	67	1.5	63%	0.2	68.2	2.04%	2.1	0.7	63	1.4
4	Jun_9_2023	189.95	201.54	210.26	207.88	206.58	204.23	204.88(0.64%)	UD	OpenLong	65	-0.3	4	-100	-18	70	1.29	62%	0.2	66.4	2.04%	-0.2	0.3	61	1.7
5	Jun_8_2023	189.57	200.3	209.6	209.6	208.5	203.48	203.58(0.1%)	N/A	N/A	0	-0.5	-129	-180	-180	23	1.88	62%	0.22	64	2.05%	-1	0.3	61	2

6	Jun_7_2023	189.16	199.19	209.1	211.99	210.97	208.93	203.38(-5.41%)	CR	SmallShort	-20	-0.7	-107	-80	-164	63	2.11	62%	0.2	65.3	2.06%	-1.9	0.3	66	2.2
7	Jun_6_2023	188.79	198	208.34	213.75	214.01	213.52	215.01(1.15%)	UT	HoldLong	65	0.1	65	-10	27	179	1.4	69%	0.14	64.8	1.94%	0.3	1.3	79	2.4
8	Jun_5_2023	188.52	196.24	206.54	212.55	213.49	213.01	212.56(-0.43%)	UD	OpenLong	65	0	22	-0	-27	168	0.79	69%	0.25	61.3	1.95%	0	1.3	78	2.3
9	Jun_2_2023	188.05	194.68	204.91	213.02	212.6	214.5	213.48(-0.96%)	UD	OpenLong	75	0	73	60	24	218	2.03	69%	0.28	63	1.96%	0.5	1.5	81	2.2
10	Jun_1_2023	187.53	193.06	203.02	209.57	212.97	213.98	215.54(1.58%)	UT	HoldLong	65	0.5	202	80	176	278	2.18	69%	0.29	56.1	1.97%	1.9	1.9	85	2

11	May_31_2023	186.99	191.36	200.28	205.77	208.14	210.69	212.18(1.54%)	UT	HoldLong	65	0.6	88	120	47	209	2.39	69%	0.3	50.6	1.98%	-0.5	1.9	81	1.2
12	May_30_2023	186.44	189.83	197.59	202.05	204.17	211.96	208.97(-2.78%)	UD	OpenLong	75	0.7	239	300	230	264	3.55	69%	0.39	45.8	1.99%	0.3	1.9	81	1.3
13	May_26_2023	185.71	188.59	195.18	199.61	200.32	205.59	214.94(9.53%)	UT	HoldLong	65	1.8	317	190	324	296	5.41	73%	0.3	43.3	1.95%	1.3	3	84	0.8
14	May_25_2023	185.15	187	191.82	195.83	195.92	196.38	196.24(-0.15%)	UD	OpenLong	75	0.1	81	20	45	188	4.5	66%	0.15	39.5	1.57%	1.4	1.5	72	0.2
15	May_24_2023	184.88	186.49	190.1	195.54	195.87	195.06	196.52(1.51%)	UT	OpenLong	75	0.2	46	-20	6	166	1.62	66%	0.15	38.1	1.58%	0.3	1.7	72	-0.2

16	May_23_2023	184.61	185.95	188.44	193.89	195.45	195.47	193.6(-1.61%)	UD	OpenLong	65	-0.1	33	20	-3	140	1.14	66%	0.05	28.6	1.58%	-1.6	1.4	66	0.9
17	May_22_2023	184.51	185.39	186.91	192.25	194.12	196.69	196.76(0.36%)	UT	OpenLong	75	0.9	126	120	114	161	1.18	69%	0.17	11.7	1.58%	0.7	2.2	72	1.2
18	May_19_2023	184.2	184.91	185.19	189.91	191.03	195.43	196.04(0.63%)	UT	OpenLong	75	1.3	183	180	192	155	0.69	69%	0.07	-7	1.59%	1.4	2.3	63	1.6
19	May_18_2023	184.07	184.56	183.66	187.22	188.29	191.54	194.81(3.47%)	UT	OpenLong	75	1.8	208	140	233	133	1.39	69%	0.18	-28.4	1.6%	0	2.4	62	2.1
20	May_17_2023	183.74	184.27	182.26	183.92	185.24	186.63	188.27(1.58%)	UT	OpenLong	75	1.1	94	70	112	38	1.04	65%	0.14	-57.3	1.56%	1.3	1	49	1.6

21	May_16_2023	183.48	184.4	181.68	182.21	182.71	185.03	185.35(0.14%)	N/A	N/A	0	0.7	0	100	10	-30	2.08	63%	0.01	-63.2	1.57%	0.6	0.2	43	1.1