Sell signal, week 3: down 18.1%
Western Digital tumbles 18.1% as its confirmation week closes bearish
Sell signal, week 3: down 18.1%
Our view last week
Western Digital bounces 8.1% this week, all but wiping out the prior week's drop: the daily chart shows a clean double bottom in the 500 area, with a 64% intermediate rebound. This is the sell signal's confirmation week, and it closed higher: for anyone already short, our model suggests exiting. Western Digital stock stays under weekly watch regardless, with fresh entries high-risk here.
This week's summary
Western Digital stock reverses hard: after last week's 8.1% bounce, the stock sheds 18.1% this week and stretches its run of lower highs to four, from the 729 area down to 590. Our weekly technical analysis reads signal strength at 64 out of 100 as "lower lows, pace holding" — a healthy decline picking up steam again. The short is already up 11.46%, but the quality band still flags trading as not recommended.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Aug 5
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IQS Phase
47
ordinary
Signal Strength
64
decline starting to make lower lows
Sizing
STANDARD
Ranking
#42 / 140
US stocks sell signals
Trade P&L %
+11.46%
from signal to today
restricted Platinum content