workday technical analysis charts
TRANSCRIPT
June 23, 2016
WDAY: Workday technical analysis charts
On Wednesday, compared to Tuesday, price action opened lower (79.12, vs
Tuesday's close of 79.41), saw a lower high (79.46, vs Tuesday's high of 80.07) and
lower low (78.12, vs Tuesday's low of 79.01); and closed lower (78.21, vs
Tuesday's close of 79.41). The day's range was 134 ticks.
On the DAILY BOLLINGER BANDS CHART below, Wednesday represents the 2nd
consecutive entire day below the middle of the Bollinger Band envelope (78.97),
generating a negative signal towards the middle of the envelope The Bollinger
Bands (75.80-82.13) are converging; and narrowed from a width of 655 ticks on
Tuesday to a width of 633 ticks on Wednesday.
The RSI (51.12) below is in neutral mode between the key 20 (oversold) and 80
(overbought) levels.
June 23, 2016
The MACD 12 day moving average is below the MACD 26 day moving average;
both are above zero.
The Slow Stochastics, below, are in negative mode, with the K line below the D
line.
The Commodity Channel Index (-13.05), below, is in positive mode above the
oversold -200 level.
On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action fell away
from the bottom of the 20 day moving average envelope (78.97). The parameters
of the envelope (76.60-81.34) are pointing higher.
June 23, 2016
On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving
average (78.97, moving down) is above the 20 day moving average (78.97, moving
up), in positive mode. The 3-50 day strip of moving averages ranges from the 40
day moving average (76.03) at the bottom of the range to the 10 day moving
average (79.23) at the top of the range.
The Parabolic Stop and Reverse (77.50) below is in the 14th day of buy mode.
June 23, 2016
On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 6th
consecutive entire week below the top Bollinger Band (88.14). The Bollinger
Bands (56.60-88.14) are converging; contracting from a width of 3,474 ticks on
Tuesday to a width of 3,154 ticks on Wednesday.