Sell signal, week 4: a technical bounce
Western Digital bounces 8.9% but the Sell signal stays active
Sell signal, week 4: a technical bounce
Our view last week
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.
This week's summary
Western Digital closes the week with an 8.9% bounce, the second in a row, carving out a clean double bottom in the 487 area with a 65% retracement: the run of lower highs breaks. Western Digital stock, though, is still inside a sell signal in its fourth week, with signal strength down to 49 out of 100 — an isolated pullback, not the push seen last week. Contracting volume and sellers still slightly in charge say the decline hasn't really given up ground yet.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Aug 5
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IQS Phase
55
ordinary
Signal Strength
49
isolated weekly drop
Sizing
REDUCED
Ranking
#38 / 141
US stocks sell signals
Trade P&L %
+3.56%
from signal to today
Rank position
ranks 38th among the 141 sell signals for US stocks in our ranking, with a signal strength of 49 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
WDC belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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