Workday stock sinks to $113 with sellers in control amid deep oversold conditions

Traders Union
All News
Companies
Workday slides 3.33% today

Highlights

WDAY trades significantly below major technical support levels, reflecting sustained downside pressure across short-, medium-, and long-term timeframes.
Multiple technical indicators, including oversold momentum and persistent sell signals, confirm strong bearish sentiment with weak trend strength.
Expected trading range is $110 to $120 next week, with a high risk of further decline if support at $110 breaks.

Sustained downside pressure as price remains below major averages

WDAY is trading well below all major moving averages, with the current price of $113.04 under the MA-20 ($134.89), MA-50 ($127.72), and MA-200 ($179.64), indicating strong short-, medium-, and long-term downside pressure. The Ichimoku Kijun at $135.60 sits above the current price, marking immediate resistance. Near-term support is at the MA-50 ($127.72), while key support resides at the MA-100 ($135.37). Immediate resistance aligns with the Ichimoku Kijun ($135.60), and key resistance is at the MA-200 ($179.64).

Deep oversold momentum amid weak trend and weekly price erosion

Momentum on D1 remains bearish, with MACD signaled as neutral but negative, and ADX showing weak trend strength. RSI at 35.82, alongside Stoch RSI at 0.00 and CCI at -117.49, highlight deep oversold conditions. BBP at -9.01 confirms strong seller dominance in the current session. Awesome Oscillator does not reinforce the current trend. WDAY has fallen $3.89 (3.33%) over the past week, moving from $116.93 to $113.04. The price sits at the very bottom of the weekly range, with weekly volatility at 11.01%. The week has shown a steady decline from the highs. In today’s session, the stock continues to slide, dropping 3.33% from the last close.

High downside probability as bearish signals dominate short-term outlook

Looking ahead, the expected price range for the next week is $110 to $120, which keeps the price just above the 52-week low of $110.36 and well below the 52-week high of $249.85. Based on D1 and W1 indicators—where RSI-W1, ADX-W1, and MACD-W1 all point to sell signals—the probability of a further decline is very high (more than 80%), making an upward move less likely. In the baseline scenario, WDAY consolidates between $110 and $120 as selling exhausts. In a bullish scenario, a breakout above the resistance cluster at $127–$135 could open the way to a recovery, but currently seems unlikely. In the bearish case, a price drop below $110 risks triggering another leg down towards new multi-year lows.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

In a recent review, analysts highlighted that Workday was experiencing persistent bearish pressure and a lack of clear recovery momentum. This article adds a new dimension by focusing on emerging technical signals, urging traders to closely monitor for a decisive shift that could indicate either continued downside or the start of a reversal.

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.