Workday stock edges higher to $118.38 as Workday promotes Rising event, trading near weekly lows

Traders Union
All News
Companies
Workday rises 1.24% to $118.38

Highlights

WDAY trades significantly below key moving averages, reflecting pronounced bearish momentum across all timeframes.
Momentum indicators reveal strong oversold conditions, with trend signals suggesting persistent seller dominance and weak potential for reversal.
Next week's expected range is $115.00–$124.00, with over 80% probability of further downside barring a rare breakout above resistance.

Bearish alignment persists as price remains below key moving averages

WDAY trades at $118.38, sitting well below the MA-20 ($134.89), MA-50 ($127.72), and MA-200 ($179.64). This configuration signals dominant bearish pressure across short-, medium-, and long-term horizons. The Ichimoku Kijun at $135.60 stands as immediate resistance, further capping any upward move. Near-term support appears at the MA-50 ($127.72), with key support down at the MA-100 ($135.37). Immediate resistance is set by the Ichimoku Kijun ($135.60), while the MA-100 provides another key resistance just above at $135.37.

Oversold momentum and weak trend confirm sustained downside pressure

Momentum indicators on D1 reflect subdued sentiment. MACD reads neutral, but ADX shows a weak trend (14.96), and RSI rests in sell territory at 35.82. Both Stoch RSI and CCI are firmly oversold, suggesting stretched downside, and BBP confirms strong seller dominance with deeply negative readings across timeframes. Awesome Oscillator does not provide confirmation either way. In today's session, WDAY is rebounding 1.24%, though the stock is still trading at the very bottom of its weekly range. WDAY has edged up $1.45 (0.83%) over the past week, trading at $118.38 compared to $116.93 a week ago. Weekly volatility stands at 11.01%. The price action shows a recovery from the weekly low but remains under selling pressure after a steep drop from the week’s high at $129.40.

Sideways trading likely as bearish signals outweigh rebound prospects

For the next week, the expected price range is $115.00–$124.00, kept within about 5% of the current price to reflect recent volatility and anchor the forecast relative to the 52-week low ($110.36) and high ($249.85). There is a very high probability (more than 80%) of a further price decline given that RSI-W1, MACD-W1, ADX-W1, and MA-50-W1 all signal bearishness. The probability of a sustained upward move is very low (less than 20%). Baseline scenario: WDAY trades sideways between support and resistance as oversold conditions persist and selling continues to dominate. A bullish breakout above $124.00 would require sustained buying momentum—currently absent from both daily and weekly trend signals. If bears push the price below $115.00, further declines toward the 52-week low could follow.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Previously it was reported that Workday remained under sustained bearish pressure, with analysts highlighting consolidation and a lack of clear recovery momentum. This article extends that view by emphasizing continued caution, with traders advised to closely monitor for a decisive breakout above resistance as the signal for a meaningful shift in direction.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.