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Stock Charts AI Power Rank: 1.4
Power Rank trend -> Falling
07/26/2024 16:09:00 EST
Western Digital Corporation (WDC)
Industry: Computer Hardware
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, WDC has been trading in a range between $80.24 and $69.82 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Western Digital Corporation $WDC entered a Red zone 8 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $47.84, a potential down side of -29.92% from the recent price of 68.26. The stock is trading 19.47% (potential upside) below its 52 week high of $81.55 and 91.63 % (potential downside) above its 52 week low of $35.62 - based on the recent price.
Company Summary
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; and data storage platforms.
News
| Down -13.22% in 4 Weeks, Here's Why You Should You Buy the Dip in Western Digital (WDC) Western Digital (WDC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock. Source: Zacks Investment Research Fri, 26 Jul 2024 10:36:08 -0400 Sentiment: Positive |
| Unlocking Q4 Potential of Western Digital (WDC): Exploring Wall Street Estimates for Key Metrics Evaluate the expected performance of Western Digital (WDC) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight. Source: Zacks Investment Research Fri, 26 Jul 2024 10:20:52 -0400 Sentiment: Neutral |
| New Strong Buy Stocks for July 26th FISI, BTE, HSTM, WDC and VIRC have been added to the Zacks Rank #1 (Strong Buy) List on July 26, 2024. Source: Zacks Investment Research Fri, 26 Jul 2024 08:05:44 -0400 Sentiment: Positive |
| Best Momentum Stocks to Buy for July 26th HSTM, WDC and BTE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 26, 2024. Source: Zacks Investment Research Fri, 26 Jul 2024 06:31:07 -0400 Sentiment: Positive |
| Western Digital: A Buy-The-Dip Opportunity Ahead Of Q4 Earnings We preview Western Digital's upcoming Q4 earnings report set for July 31. The company is delivering profitable growth ahead of its planned flash business spin-off later this year. The recent selloff may represent a compelling new buying opportunity ahead of the earnings report. Source: Seeking Alpha Thu, 25 Jul 2024 16:27:47 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 81.55 52 Week Low: 35.62 Beta: 1.367 50 Day MA: 75.6724 200 Day MA: 61.0072 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.959 Qtr Revenue Growth YOY: -0.41 Forward PE: 14.771 Trailing PE: 0