Sell signal under management, eighth week
Western Digital drops 9.7% as sellers regain control
Our view last week
After losing 20.3% last week, Western Digital stock bounces back 17.2%, with 92% of volume on the buy side. The rebound comes off the 20-day moving average, in the 497 area, after a low in the 451 area and a 13% climb back. The Sell signal, though, is still live after six weeks: the weekly MACD sits below its own signal line, and the price is boxed between support in the 499 area and resistance in the 513 area. Technical analysis says this one is for following week by week, not forcing.
This week's summary
After last week's 17.2% bounce, backed by 92% of volume on the buy side, Western Digital drops 9.7% as sellers take the lead again, with 94% of trading on the sell side. The weekly MACD widens its gap from the Signal line, and the price is now working between support in the 452 area and resistance in the 474 area. The Sell signal, live for seven weeks, shows no sign of fading.
IQS Phase
70
in tension
Signal Strength
52
decline starting to make lower lows
Sizing
STANDARD
Ranking
#19 / 93
US stocks
Trade P&L %
+14.76%
from signal to date, no stop loss
Rank position
ranks 19th among the 93 sell signals for US stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
WDC belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content