WDAY, enters Uptrend as Momentum ascends above 0 level
This indicator may be signaling that WDAY's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. Tickeron's A.I.dvisor backtested 88 similar cases where WDAY's Momentum Indicator exceeded 0, and 71 of them led to a successful outcome. Odds of Success: 81%. Current price $221.20 crossed the support line at $224.31 and is trading between $224.31 support and $197.93 resistance lines. Throughout the month of 10/27/20 - 11/27/20, the price experienced a +5% Uptrend, while the week of 11/19/20 - 11/27/20 shows a -3% Downtrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeros A.I. detected that in 38 of 51 cases where WDAY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Momentum Indicator moved above the 0 level on November 27, 2020. You may want to consider a long position or call options on WDAY as a result. Tickeros A.I. detected that in 71 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.
The 10-day Moving Average for WDAY crossed bullishly above the 50-day moving average on November 13, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeros A.I. detected that in 13 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 81%.
Following a +5.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where WDAY advanced for three days, in 242 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
WDAY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeros A.I. detected that in 38 of 51 cases where WDAY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Momentum Indicator moved above the 0 level on November 27, 2020. You may want to consider a long position or call options on WDAY as a result. Tickeros A.I. detected that in 71 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.
The 10-day Moving Average for WDAY crossed bullishly above the 50-day moving average on November 13, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeros A.I. detected that in 13 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 81%.
Following a +5.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where WDAY advanced for three days, in 242 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
WDAY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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